Sprouts Farmers Market Inc (SFM) Releases Earnings Results, Beats Expectations By $0.01 EPS

Sprouts Farmers Market Inc (SFM) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.25 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 $0.24. The company posted revenue of $1031.60 million in the period, compared to analysts expectations of $1041.92 million. The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Sprouts Farmers Market Inc. Sprouts Farmers Market Inc was Upgraded by Goldman to ” Buy” on Jul 26, 2016. JP Morgan Initiated Sprouts Farmers Market Inc on Jul 18, 2016 to “Neutral”, Price Target of the shares are set at $24.Shares were Reiterated by Deutsche Bank on Jul 14, 2016 to “Buy” and Lowered the Price Target to $ 31 from a previous price target of $35 .

Sprouts Farmers Market Inc closed down -0.42 points or -1.81% at $22.82 with 23,54,764 shares getting traded on Tusday. Post opening the session at $23.18, the shares hit an intraday low of $22.64 and an intraday high of $23.48 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on May 31, 2016, Bradley Lukow (CFO) purchased 10,000 shares at $25.15 per share price. According to the SEC, on Mar 22, 2016, James Douglas Sanders (director) sold 14,532 shares at $30.00 per share price. On Mar 11, 2016, Steven H Townsend (director) sold 10,000 shares at $27.85 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 Company’s 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.

Sprouts Farmers Market Inc

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