Sprouts Farmers Market Inc (SFM) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.30 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.29. The company posted revenue of $993.20 million in the period, compared to analysts expectations of $1011.40 million. The company’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.
Many Wall Street Analysts have commented on Sprouts Farmers Market Inc. Company shares were Reiterated by Deutsche Bank on Mar 21, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .Company shares were Reiterated by Stifel on Feb 26, 2016 to “Buy”, Firm has raised the Price Target to $ 31 from a previous price target of $27 .Stifel Initiated Sprouts Farmers Market Inc on Feb 12, 2016 to “Buy”, Price Target of the shares are set at $27.
Sprouts Farmers Market Inc opened for trading at $27.21 and hit $27.61 on the upside on Wednesday, eventually ending the session at $27.38, with a gain of 0.40% or 0.11 points. The heightened volatility saw the trading volume jump to 23,24,289 shares. Company has a market cap of $4,117 M.
In a different news, on Mar 22, 2016, James Douglas Sanders (director) sold 14,532 shares at $30.00 per share price. According to the SEC, on Mar 11, 2016, Steven H Townsend (director) sold 10,000 shares at $27.85 per share price. On Mar 11, 2016, Theodore Edward Ii Frumkin (Chief Development Officer) sold 36,667 shares at $27.48 per share price, according to the Form-4 filing with the securities and exchange commission.
Sprouts Farmers Market Inc. is a food retailer. The Company operates as a grocery store that offers natural and organic food including produce bulk foods vitamins and supplements grocery meat and seafood bakery dairy frozen foods body care and natural household items. As of February 26 2015 the Company operated 198 stores in 12 states. The Companys product offerings focus on fresh natural and organic foods. It categorizes its products as perishable and non-perishable. Perishable product categories include produce meat seafood deli and bakery. Non-perishable product categories include grocery vitamins and supplements bulk items dairy and dairy alternatives frozen foods beer and wine and natural health and body care.