Wall Street brokerages expect that Sprouts Farmers Market Inc (NASDAQ:SFM) will report sales of $1.33 billion for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Sprouts Farmers Market’s earnings, with estimates ranging from $1.32 billion to $1.33 billion. Sprouts Farmers Market posted sales of $1.21 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.9%. The firm is scheduled to report its next quarterly earnings report on Thursday, November 1st.

On average, analysts expect that Sprouts Farmers Market will report full-year sales of $5.20 billion for the current year, with estimates ranging from $5.19 billion to $5.21 billion. For the next fiscal year, analysts expect that the company will post sales of $5.79 billion per share, with estimates ranging from $5.72 billion to $5.85 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Sprouts Farmers Market.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.32. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. Sprouts Farmers Market had a net margin of 3.62% and a return on equity of 25.56%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 EPS.

A number of equities research analysts have recently commented on SFM shares. ValuEngine upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. UBS Group lifted their target price on Sprouts Farmers Market from $28.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, September 10th. BidaskClub upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Barclays cut Sprouts Farmers Market from an “overweight” rating to an “equal weight” rating and set a $30.00 target price on the stock. in a research note on Monday. Finally, Jefferies Financial Group set a $26.00 target price on Sprouts Farmers Market and gave the stock a “hold” rating in a research note on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $26.94.

In related news, COO James Leroy Nielsen sold 1,165 shares of the business’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $22.03, for a total value of $25,664.95. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Dan J. Sanders sold 19,929 shares of the business’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $28.91, for a total value of $576,147.39. Following the completion of the sale, the chief operating officer now owns 610,846 shares in the company, valued at $17,659,557.86. The disclosure for this sale can be found here. Insiders sold a total of 129,397 shares of company stock worth $3,407,147 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in SFM. Itau Unibanco Holding S.A. bought a new stake in shares of Sprouts Farmers Market during the second quarter valued at about $102,000. Point72 Asia Hong Kong Ltd increased its position in shares of Sprouts Farmers Market by 996.0% during the first quarter. Point72 Asia Hong Kong Ltd now owns 5,973 shares of the company’s stock valued at $140,000 after buying an additional 5,428 shares during the period. TLP Group LLC increased its position in shares of Sprouts Farmers Market by 4,534.1% during the first quarter. TLP Group LLC now owns 6,395 shares of the company’s stock valued at $150,000 after buying an additional 6,257 shares during the period. NumerixS Investment Technologies Inc increased its position in shares of Sprouts Farmers Market by 407.1% during the second quarter. NumerixS Investment Technologies Inc now owns 7,100 shares of the company’s stock valued at $159,000 after buying an additional 5,700 shares during the period. Finally, Global X Management Co LLC grew its holdings in shares of Sprouts Farmers Market by 64.3% during the second quarter. Global X Management Co LLC now owns 8,907 shares of the company’s stock worth $197,000 after purchasing an additional 3,485 shares in the last quarter. Institutional investors and hedge funds own 95.34% of the company’s stock.

SFM opened at $28.16 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.25 and a debt-to-equity ratio of 0.96. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 1.80 and a beta of 0.91. Sprouts Farmers Market has a 1 year low of $17.55 and a 1 year high of $29.67.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.

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