Sprouts Farmers Market (NASDAQ:SFM – Get a rating) released an update to its fiscal 2022 earnings guidance Thursday morning. The company provided EPS guidance of $2,140 to $2,240 for the period, compared to the consensus EPS estimate of Thomson Reuters of $2,080. The company released a revenue forecast of $6.34 billion to $6.47 billion, compared to the consensus revenue estimate of $6.36 billion. Sprouts Farmers Market also updated its Q1 2022 forecast to $0.690-0.730 EPS.

The NASDAQ SFM traded down $0.68 during Friday’s trading, hitting $31.93. 2,378,237 shares of the company were traded, with an average volume of 2,079,913. Sprouts Farmers Market has a 12-month low of $21.18 and a 12-month high of $34.97. The company has a fifty-day simple moving average of $29.50 and a 200-day simple moving average of $26.56. The company has a current ratio of 1.11, a quick ratio of 0.59 and a debt ratio of 0.27. The company has a market capitalization of $3.54 billion, a P/E ratio of 15.20, a PEG ratio of 1.94 and a beta of 0.30.

Sprouts Farmers Market (NASDAQ:SFM – Get a rating) last released its quarterly results on Thursday, February 24. The company reported earnings per share (EPS) of $0.32 for the quarter, beating Thomson Reuters consensus estimate of $0.30 by $0.02. The company posted revenue of $1.49 billion for the quarter, versus a consensus estimate of $1.47 billion. Sprouts Farmers Market posted a return on equity of 25.41% and a net margin of 4.00%. The company’s revenue fell 6.8% compared to the same quarter last year. During the same period last year, the company posted earnings per share of $0.59. Equity research analysts expect Sprouts Farmers Market to post EPS of 2.22 for the current fiscal year.

SFM has been the subject of several reports by research analysts. JPMorgan Chase & Co. raised its price target on Sprouts Farmers Market from $26.00 to $31.00 in a Friday, February 25 research report. Gordon Haskett raised his price target on Sprouts Farmers Market from $22.00 to $25.00 in a Monday, March 7 research report. Credit Suisse Group raised its price target on Sprouts Farmers Market from $25.00 to $30.00 and gave the stock a neutral rating in a Monday, February 28 research report. Finally, Deutsche Bank Aktiengesellschaft raised its price target in the sprout grower market from $33.00 to $34.00 and gave the stock a buy rating in a Wednesday, Feb. 23 research report. . Two investment analysts have assigned the stock a sell rating, two have assigned a hold rating and one has assigned the company’s stock a buy rating. Based on data from MarketBeat, the stock has an average Hold rating and a consensus target price of $27.83.

In other Sprouts Farmers Market news, insider Dan J. Sanders sold 5,412 shares of Sprouts Farmers Market in a trade that took place on Monday, March 7. The stock was sold at an average price of $32.68, for a total transaction of $176,864.16. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Also, CEO Jack Sinclair sold 10,166 shares of Sprouts Farmers Market in a trade that took place on Thursday, March 17. The shares were sold at an average price of $31.16, for a total value of $316,772.56. Disclosure of this sale can be found here. In the past three months, insiders have sold 105,946 shares of the company worth $3,416,200. 0.42% of the shares are held by insiders of the company.

Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. MML Investors Services LLC bought a new position in Sprouts Farmers Market stock in the fourth quarter worth approximately $240,000. JustInvest LLC bought a new position in Sprouts Farmers Market stock in the fourth quarter worth approximately $264,000. Qtron Investments LLC bought a new position in Sprouts Farmers Market stock in the fourth quarter worth approximately $521,000. Stifel Financial Corp increased its stake in shares of Sprouts Farmers Market by 45.5% in the fourth quarter. Stifel Financial Corp now owns 30,954 shares of the company valued at $919,000 after acquiring 9,677 additional shares in the last quarter. Finally, Marshall Wace LLP increased its stake in Sprouts Farmers Market shares by 559.2% in the fourth quarter. Marshall Wace LLP now owns 86,512 shares of the company valued at $2,567,000 after acquiring an additional 73,389 shares in the last quarter.

Sprouts Farmers Market Company Profile (Get a rating)

Sprouts Farmers Markets, Inc is committed to the operation of healthy grocery stores. The company specializes in fresh, natural and organic products. Its products include fresh produce, bulk food, vitamins and supplements, groceries, meat and seafood, deli, bakery, dairy, frozen food, body care and natural household items.

Read more

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Sprouts Farmers Market right now?

Before you consider Sprouts Farmers Market, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes higher…and Sprouts Farmers Market didn’t make the list.

While Sprouts Farmers Market currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here