Sprouts Farmers Market (SFM) Projected to Post Earnings on Thursday

Sprouts Farmers Market (NASDAQ:SFM) is expected to release its earnings data after the market closes on Thursday, February 20th. Analysts expect Sprouts Farmers Market to post earnings of $0.72 per share and revenue of $1.96 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Sprouts Farmers Market Trading Down 3.2 %

Sprouts Farmers Market stock opened at $171.50 on Wednesday. The firm’s 50-day moving average is $147.25 and its 200-day moving average is $128.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. Sprouts Farmers Market has a 1 year low of $52.24 and a 1 year high of $178.99. The company has a market cap of $17.15 billion, a P/E ratio of 49.57, a PEG ratio of 2.25 and a beta of 0.63.

Analysts Set New Price Targets

SFM has been the topic of several recent research reports. Bank of America lifted their price objective on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Wells Fargo & Company lifted their price objective on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Evercore ISI lifted their price objective on shares of Sprouts Farmers Market from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. StockNews.com upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, BMO Capital Markets boosted their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $124.40.

Insider Transactions at Sprouts Farmers Market

In related news, CEO Jack Sinclair sold 2,915 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $167.54, for a total transaction of $488,379.10. Following the transaction, the chief executive officer now directly owns 143,669 shares of the company’s stock, valued at approximately $24,070,304.26. The trade was a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph D. O’leary sold 350 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total transaction of $52,538.50. Following the transaction, the director now directly owns 17,991 shares in the company, valued at $2,700,629.01. The trade was a 1.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,614 shares of company stock valued at $6,323,731 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.