Sprouts Farmers Market logoSprouts Farmers Market (NASDAQ: SFM) published its profits effects on Thursday, May second. The enterprise mentioned $0.46 EPS for the quarter, beating the Zacks consensus estimate of $0.40 employing $0.06, MarketWatch Earnings reports. The organization had sales of $413.90 million for the zone compared to the consensus estimate of $1.41 billion. Sprouts Farmers Market had a return on fairness of 26. 41% and an internet margin of 2.78%. The business enterprise’s sales for the quarter changed into down 67—Eight% on a year-over-12 months foundation. During the same zone inside the previous year, the enterprise earned $0.50 of earnings per percentage. Sprouts Farmers Market updated its FY19 guidance to $1.18-1.24 EPS.
Shares of SFM inventory traded up $0.10 all through buying and selling hours on Friday, accomplishing $20.55. 1,309,574 stocks of the business enterprise’s inventory were exchanged compared to its common volume of one,701,235. Sprouts Farmers Market has a 1 yr low of $20.28 and 1 12 month high of $29.Sixty-seven. The agency has a market cap of $2.42 billion, a price-to-profits ratio of 15.93, a charge-to-earnings-boom ratio of one: Seventy-six, and a beta of 0.48. The business enterprise has a current zero: 88, a brief ratio of 0.20, and a debt-to-equity ratio of 2.84.
In related information, CEO James Leroy Nielsen sold 17,267 stocks of Sprouts Farmers Market stock in a transaction on Wednesday, March sixth. The stock becomes sold at a mean price of $22.94 for a complete fee of $396,104.Ninety-eight. Following the transaction, the chief government officer now owns a hundred thirty,750 shares within the business enterprise, worth $2,999,405. The sale was disclosed in a criminal filing with the Securities & Exchange Commission to be had through this hyperlink.
Also, insider Shawn R. Gensch sold three 310 stocks of Sprouts Farmers Market inventory in a transaction on Wednesday, March 6th. The stocks had been bought at a mean fee of $22.96, for a total price of $ seventy-five,997.60. Following the final touch of the transaction, the insider now owns 22,917 shares inside the agency, worth approximately $526,174.32. The disclosure for this sale may be determined right here. Insiders offered a total of forty-three 616 stocks of organization stock worth $1,000,848 over the last 90 days. Zero.70% of the inventory is currently owned by way of business enterprise insiders.
Several institutional traders have lately modified their holdings of SFM. First, Bank of New York Mellon Corp boosted its position in Sprouts Farmers Market through 0.Four% for the duration of the third sector. Bank of New York Mellon Corp now owns 2,405,430 stocks of the corporation’s inventory worth $ sixty-five 933,000 after shopping an additional 10,271 shares during the length. Second, Csenge Advisory Group sold a brand new position in Sprouts Farmers Market during the third quarter, worth approximately $195,000. Finally, Legal & General Group Plc boosted its role in Sprouts Farmers Market by way of 3.2% at some point of the 1/3 sector.
Legal & General Group Plc now owns 177,629 shares of the corporation’s stock, well worth $4,869,000 after buying an additional 5,465 shares at some point of the length. Clearbridge Investments LLC boosted its role in Sprouts Farmers Market via 39.Zero% during the 1/3 zone. Clearbridge Investments LLC now owns three,817,241 shares of the agency’s stock worth $104,631,000 after buying a further 1,070,177 stocks at some stage in the duration.
Finally, Marshall Wace North America L.P. Boosted its function in Sprouts Farmers Market through seventy-nine.Five% in the course of the 1/3 quarter. Marshall Wace North America L.P. Now owns 149,004 stocks of the company’s inventory worth $four,084,000 after buying an additional sixty-five 974 shares throughout the period. Hedge funds and other institutional traders own 97.00% of the organization’s stock.
SFM has been the topic of several research analyst reviews. Deutsche Bank upgraded Sprouts Farmers Market from a “preserve” rating to a “buy” rating in a document on Monday, April 29th. BidaskClub downgraded Sprouts Farmers Market from a “maintain” score to a “promote” rating in a record on Thursday, April 4th. ValuEngine downgraded Sprouts Farmers Market from a “preserve” rating to a “promote” score in a report on Tuesday, April 16th.
Gordon Haskett downgraded Sprouts Farmers Market from a “keep” score to a “lessen” rating and set a $21.87 fee goal on the inventory. In a report on Thursday, March 21st. Finally, Northcoast Research downgraded Sprouts Farmers Market from a “buy” rating to a “neutral” rating in a record on Friday, February twenty-second. Five funding analysts have rated the inventory with a promote rating, eleven have given a keep score, and five have assigned a buy score to the organization’s inventory. The organization presently has a consensus rating of “Hold” and an average target rate of $26.04.
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc, a healthy grocery save, presents fresh, herbal, and organic meals products within the United States. Its stores provide clean produce, bulk foods, nutrients and supplements, packaged groceries, meat and seafood, baked items, dairy products, frozen meals, beer and wine, herbal body care, and household gadgets.