Sprouts Farmers Market (NASDAQ:SFM) Updates Q4 2024 Earnings Guidance

Sprouts Farmers Market (NASDAQ:SFMGet Free Report) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.670-0.710 for the period, compared to the consensus EPS estimate of 0.580. The company issued revenue guidance of -. Sprouts Farmers Market also updated its FY 2024 guidance to 3.640-3.680 EPS.

Sprouts Farmers Market Trading Down 0.7 %

SFM stock traded down $0.85 on Wednesday, reaching $118.84. The company’s stock had a trading volume of 1,624,575 shares, compared to its average volume of 1,312,933. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 1.03. The business has a fifty day simple moving average of $108.49 and a two-hundred day simple moving average of $90.41. The firm has a market cap of $11.90 billion, a PE ratio of 37.25, a PEG ratio of 2.75 and a beta of 0.56. Sprouts Farmers Market has a 12-month low of $39.76 and a 12-month high of $121.01.

Sprouts Farmers Market (NASDAQ:SFMGet Free Report) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.16. Sprouts Farmers Market had a net margin of 4.52% and a return on equity of 27.53%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the company earned $0.71 earnings per share. Sprouts Farmers Market’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, research analysts forecast that Sprouts Farmers Market will post 3.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SFM shares. Melius Research began coverage on Sprouts Farmers Market in a research note on Monday, September 23rd. They issued a “hold” rating and a $105.00 target price for the company. Bank of America raised their price objective on Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, October 25th. BMO Capital Markets upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $40.00 to $102.00 in a report on Tuesday, July 30th. Evercore ISI increased their price target on shares of Sprouts Farmers Market from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group boosted their price objective on shares of Sprouts Farmers Market from $111.00 to $127.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $104.40.

Read Our Latest Stock Report on Sprouts Farmers Market

Insider Activity at Sprouts Farmers Market

In related news, insider Dustin Hamilton sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total transaction of $48,760.00. Following the completion of the sale, the insider now owns 27,188 shares of the company’s stock, valued at $2,651,373.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $95.52, for a total transaction of $545,801.28. Following the transaction, the chief executive officer now directly owns 233,860 shares of the company’s stock, valued at $22,338,307.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dustin Hamilton sold 500 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $97.52, for a total value of $48,760.00. Following the sale, the insider now directly owns 27,188 shares in the company, valued at $2,651,373.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,142 shares of company stock valued at $12,401,112. 1.10% of the stock is owned by insiders.

About Sprouts Farmers Market

(Get Free Report)

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.

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Earnings History and Estimates for Sprouts Farmers Market (NASDAQ:SFM)

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