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

Sprouts Farmers Market (NASDAQ:SFM) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.670-0.710 for the period, compared to the consensus 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 Up 8.1 %

NASDAQ SFM opened at $128.43 on Friday. Sprouts Farmers Market has a 52 week low of $39.76 and a 52 week high of $135.10. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $12.86 billion, a P/E ratio of 37.12, a price-to-earnings-growth ratio of 2.73 and a beta of 0.56. The stock’s 50-day moving average price is $108.91 and its 200-day moving average price is $90.61.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.14. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Sprouts Farmers Market had a net margin of 4.73% and a return on equity of 29.02%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 EPS. On average, equities research analysts predict that Sprouts Farmers Market will post 3.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SFM shares. Deutsche Bank Aktiengesellschaft raised their price target on Sprouts Farmers Market from $63.00 to $76.00 and gave the company a “hold” rating in a report on Monday, July 29th. Melius Research began coverage on Sprouts Farmers Market in a report on Monday, September 23rd. They issued a “hold” rating and a $105.00 price target on the stock. BMO Capital Markets upped their price target on Sprouts Farmers Market from $102.00 to $140.00 and gave the stock a “market perform” rating in a research note on Thursday. The Goldman Sachs Group lifted their price objective on shares of Sprouts Farmers Market from $111.00 to $127.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada initiated coverage on shares of Sprouts Farmers Market in a report on Thursday, September 12th. They issued a “sector perform” rating and a $107.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $112.20.

Insider Activity at Sprouts Farmers Market

In other Sprouts Farmers Market news, Director Kristen E. Blum sold 2,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $200,000.00. Following the transaction, the director now owns 51,627 shares in the company, valued at $5,162,700. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Sprouts Farmers Market news, Director Kristen E. Blum sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $200,000.00. Following the completion of the sale, the director now owns 51,627 shares of the company’s stock, valued at $5,162,700. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jack Sinclair sold 5,714 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $95.52, for a total value of $545,801.28. Following the transaction, the chief executive officer now directly owns 233,860 shares in the company, valued at approximately $22,338,307.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,543 shares of company stock worth $5,751,870. 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.