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

Sprouts Farmers Market (NASDAQ:SFM) will likely be posting its quarterly earnings results 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. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM opened at $171.50 on Wednesday. The company has a 50-day simple moving average of $147.25 and a 200-day simple moving average of $128.66. Sprouts Farmers Market has a one year low of $52.24 and a one year high of $178.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.59 and a current ratio of 1.13. The stock has a market capitalization of $17.15 billion, a price-to-earnings ratio of 49.57, a PEG ratio of 2.25 and a beta of 0.63.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SFM shares. StockNews.com raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Bank of America upped their target price on shares of Sprouts Farmers Market from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Evercore ISI increased their price target 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. Wells Fargo & Company increased their price target 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. Finally, BMO Capital Markets increased their price target on shares of Sprouts Farmers Market from $102.00 to $140.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $124.40.

Insider Activity at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 30,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $149.24, for a total value of $4,477,200.00. Following the transaction, the chief executive officer now owns 163,862 shares of the company’s stock, valued at approximately $24,454,764.88. This trade represents a 15.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Douglas Gregory Rauch sold 700 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $148.89, for a total transaction of $104,223.00. Following the sale, the director now directly owns 10,874 shares of the company’s stock, valued at approximately $1,619,029.86. The trade was a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,614 shares of company stock valued at $6,323,731. Company 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.