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

Sprouts Farmers Market (NASDAQ:SFM) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.670-0.710 for the period, compared to the consensus earnings per share 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 Stock Down 0.7 %

Shares of Sprouts Farmers Market stock opened at $118.84 on Thursday. The firm’s 50-day moving average is $108.49 and its two-hundred day moving average is $90.41. Sprouts Farmers Market has a 1 year low of $39.76 and a 1 year high of $121.01. The stock has a market cap of $11.90 billion, a price-to-earnings ratio of 37.25, a PEG ratio of 2.75 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.44.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Monday, July 29th. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. Sprouts Farmers Market’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, research analysts expect that Sprouts Farmers Market will post 3.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SFM shares. The Goldman Sachs Group lifted 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. Royal Bank of Canada started coverage on shares of Sprouts Farmers Market in a research report on Thursday, September 12th. They set a “sector perform” rating and a $107.00 price target for the company. Bank of America raised their target price on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company raised Sprouts Farmers Market from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $62.00 to $90.00 in a report on Tuesday, July 30th. Finally, Roth Mkm lifted their price target on Sprouts Farmers Market from $58.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $104.40.

Insider Transactions at Sprouts Farmers Market

In other Sprouts Farmers Market news, insider Dustin Hamilton sold 921 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $113.60, for a total transaction of $104,625.60. Following the transaction, the insider now directly owns 25,251 shares in the company, valued at approximately $2,868,513.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Dustin Hamilton sold 921 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $113.60, for a total transaction of $104,625.60. Following the transaction, the insider now directly owns 25,251 shares in the company, valued at approximately $2,868,513.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Joe Fortunato sold 7,895 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $98.38, for a total value of $776,710.10. Following the sale, the director now owns 45,071 shares of the company’s stock, valued at approximately $4,434,084.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,438 shares of company stock worth $6,528,580. Company insiders own 1.10% of the company’s stock.

Sprouts Farmers Market Company Profile

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.