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 initiated a share repurchase plan on Tuesday, April 11th 2017, which allows the company to buyback $250,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 9.2% of its shares through open market purchases. Shares buyback 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 quarterly earnings results on Thursday, August, 3rd. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.25 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.17 billion. Sprouts Farmers Market had a return on equity of 18.79% and a net margin of 2.96%. The business's revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. View Sprouts Farmers Market's Earnings History.

Sprouts Farmers Market is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for Sprouts Farmers Market.

Sprouts Farmers Market updated 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 earnings per share 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.

21 equities research analysts have issued 12 month price targets for Sprouts Farmers Market's stock. Their predictions range from $21.00 to $28.00. On average, they expect Sprouts Farmers Market's stock price to reach $25.13 in the next twelve months. 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. " (10/18/2017)
• 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 during the month of September. As of September 29th, there was short interest totalling 15,753,972 shares, an increase of 13.5% from the September 15th total of 13,876,869 shares. Based on an average daily volume of 2,180,730 shares, the days-to-cover ratio is currently 7.2 days. Currently, 12.4% of the company's 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 institutional and retail investors. Top institutional investors include PGGM Investments (0.47%), APG Asset Management N.V. (0.26%), Nationwide Fund Advisors (0.20%), State Treasurer State of Michigan (0.03%), Meeder Asset Management Inc. (0.02%) and Quantitative Systematic Strategies LLC (0.01%). 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 PGGM Investments and State Treasurer State of Michigan. 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 bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Meeder Asset Management Inc., Quantitative Systematic Strategies LLC and Nationwide Fund Advisors. 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 $18.81.