Sprouts Farmers Market Company Profile (NASDAQ:SFM)

Sprouts Farmers Market trades on the NASDAQ under the ticker symbol "SFM."

Sprouts Farmers Market announced that its Board of Directors has approved a stock buyback plan on Tuesday, April 11th 2017, which permits the company to repurchase $250,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 9.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Sprouts Farmers Market, Inc. (NASDAQ:SFM) announced its earnings results on Thursday, August, 3rd. The company reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.04. The firm earned $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. Sprouts Farmers Market had a net margin of 2.96% and a return on equity of 18.79%. The business's revenue was up 14.8% compared to the same quarter last year. During the same period last year, the firm earned $0.25 earnings per share. View Sprouts Farmers Market's Earnings History.

Sprouts Farmers Market is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Sprouts Farmers Market.

Sprouts Farmers Market issued an update on its FY17 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $0.88-0.92 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.91. The company issued revenue guidance of +13-14% to ~$4.571-4.612 billion, compared to the consensus revenue estimate of $4.60 billion.

20 analysts have issued 12 month target prices for Sprouts Farmers Market's stock. Their predictions range from $21.00 to $28.00. On average, they anticipate Sprouts Farmers Market's share price to reach $25.27 in the next year. View Analyst Ratings for Sprouts Farmers Market.

Here are some recent quotes from research analysts about Sprouts Farmers Market stock:

• 1. According to Zacks Investment Research, "Sprouts Farmers Markets, LLC engages in the retailing of natural and organic food primarily in the United States. The Company offers fresh produce, meats, cheeses, dairy, bakery, beer and wine, bulk foods, vitamins, and supplements. Sprouts Farmers Markets, LLC is based in Phoenix, Arizona. " (8/5/2017)
• 2. Jefferies Group LLC analysts commented, "SFM provided strong 1Q17 results with comps, EBITDA, and EPS (ex 2c tax benefit) all coming in better-than-expected. Further, 2017 guidance was inched higher given an updated deflation outlook and lower tax rate." (5/1/2017)
• 3. BMO Capital Markets analysts commented, "According to media reports, Albertsons and Sprouts Farmers Markets are in preliminary merger talks. SFM shares are now trading near our $24 target price (or 22-23x P/E or 10x EV/EBITDA on our 2018 estimates) and we are downgrading the shares to Market Perform."Bania sees this as a opportunistic move by Albertsons, although others might be interested including Whole Foods (NYSE: WFM) and Kroger (NYSE: KR)."While we view it as possible that others may also be interested in Sprouts, with the stock now trading near our $24 target price, we believe it is prudent to downgrade the shares to Market Perform," (3/21/2017)
• 4. Wells Fargo & Company analysts commented, "We view Q4 results as better than feared, with underlying traffic and volume trends improving despite widening produce deflation and lapping a strong FY15 holiday season. While the FY17 outlook reflects continued operating challenges, steeper 1H deflation and limited near term visibility, we see risk/reward improving with shares trading at historic lows despite potential for gradual comp and EPS improvement throughout FY17. Questions remain around the FY17 outlook, particularly given the decision to no longer provide quarterly comp guidance (ahead of a Q1 facing deflation trending -3%), but we see the annual comp outlook as achievable and potential for considerable improvement in late FY17 should the deflationary environment moderate and cannibalization wane. We are lowering our FY17/18 EPS estimates by $0.03/$0.07 to $0.89/$0.99, or +4.8%/+11.6% y/y. While competitive headwinds and produce deflation add near term uncertainty, we remain long term constructive owing to limited share downside and a path to double-digit EPS growth in FY18, in our view." (2/23/2017)

Sprouts Farmers Market saw a increase in short interest in August. As of August 31st, there was short interest totalling 12,407,493 shares, an increase of 27.5% from the August 15th total of 9,729,735 shares. Based on an average daily trading volume, of 3,756,914 shares, the short-interest ratio is currently 3.3 days. Approximately 9.7% of the shares of the stock are sold short.

Some companies that are related to Sprouts Farmers Market include Booker Group Plc (BOK), Performance Food Group Company (PFGC), United Natural Foods (UNFI), Diplomat Pharmacy (DPLO), Weis Markets (WMK), SuperValu (SVU), GNC Holdings (GNC), McColl's Retail Group PLC (MCLS), DAVIDsTEA (DTEA), Boulder Brands (BDBD), Boulder Brands (SMBL), Delhaize Group SA (DEG), Krispy Kreme Doughnuts (KKD) and Safeway (SWY).

Sprouts Farmers Market's management team includes the folowing people:

• Joseph M. Fortunato, Independent Chairman of the Board
• James Leroy Nielsen, President, Chief Operating Officer
• Amin N. Maredia, Chief Executive Officer, Director
• Bradley S Lukow, Chief Financial Officer, Treasurer
• Dan J. Sanders, Chief Operating Officer
• Brandon F. Lombardi, Chief Human Resources and Legal Officer, Corporate Secretary
• Daniel J Bruni, Chief Information Officer
• Shawn R. Gensch, Chief Marketing Officer
• Theodore E. Frumkin II, Chief Development Officer
• Steven H. Townsend, Lead Independent Director

Sprouts Farmers Market's stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.69%), BlackRock Inc. (7.48%), Jennison Associates LLC (2.98%), State Street Corp (2.68%), Bank of New York Mellon Corp (2.49%) and Carve CapitalAB (2.33%). Company insiders that own Sprouts Farmers Market stock include Amin N Maredia, Bradley Lukow, Brandon F Lombardi, Dan J Sanders, Daniel Bruni, Donna Berlinski, James Douglas Sanders, James Leroy Nielsen, Steven H Townsend and Theodore Edward Frumkin II. View Institutional Ownership Trends for Sprouts Farmers Market.

Sprouts Farmers Market's stock was sold by a variety of institutional investors in the last quarter, including Jennison Associates LLC, FMR LLC, Lazard Asset Management LLC, The Manufacturers Life Insurance Company , TimesSquare Capital Management LLC, Carve CapitalAB, Eagle Asset Management Inc. and Shelton Capital Management. Company insiders that have sold Sprouts Farmers Market stock in the last year include Amin N Maredia, Brandon F Lombardi, Dan J Sanders, James Douglas Sanders, James Leroy Nielsen and Steven H Townsend. View Insider Buying and Selling for Sprouts Farmers Market.

Sprouts Farmers Market's stock was purchased by a variety of institutional investors in the last quarter, including PointState Capital LP, Renaissance Technologies LLC, Bank of New York Mellon Corp, Zurcher Kantonalbank Zurich Cantonalbank, Dimensional Fund Advisors LP, First Trust Advisors LP, Vivaldi Asset Management LLC and Maverick Capital Ltd.. Company insiders that have bought Sprouts Farmers Market stock in the last two years include Bradley Lukow and Daniel Bruni. View Insider Buying and Selling for Sprouts Farmers Market.

Shares of Sprouts Farmers Market can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Sprouts Farmers Market stock can currently be purchased for approximately $18.71.