Price Target Analysis Sprouts Farmers Market, Inc. (SFM)

Posted March 20, 2017

This Company belongs to Retail-Wholesale sector. The company had Year Ago Sales of 993.24 Million. Finally, LS Investment Advisors LLC increased its position in shares of Sprouts Farmers Market by 5.2% in the third quarter. These price targets are a consensus analysis of 16 brokers. A purchase of Sprouts by Albertsons would give it a major presence in the lucrative natural and organic space and allow the company to reduce costs and boost profitability - potentially leading to lower prices for shoppers.

Investors expected a price target of 0.26 for this quarter.

Albertsons Cos., the grocery chain operator backed by Cerberus Capital Management, has held preliminary talks to merge with Sprouts Farmers Market Inc., according to Bloomberg. This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell.

At the movement Sprouts Farmers Market, Inc.

The equity stands -24.53% away from the 52-week high and 30.26% from the 52-week low. The company had revenue of $985.70 million for the quarter, compared to analyst estimates of $974.60 million. Company's distance from 20 day simple moving average is -0.25% and distance from 50-Day simple moving average is 0.91%. During the same period in the prior year, the company posted $0.18 EPS. Hence, the surprise factor was -5.9 percent. According to the Analysts, the Low Earnings estimate for the current quarter is $0.24, while the High earnings estimate is $0.32.Comparatively, EPS for the same quarter previous year was $0.34. The firm's quarterly revenue was up 6.0% compared to the same quarter a year ago. The median estimate represents a +4.45% increase from the last price of 22.02.

According to 16 analysts, the Average Revenue Estimate for the current Fiscal quarter is $1.11 Billion and the Low Revenue estimate is $1.09 Billion, while the High Revenue estimate is $1.13 Billion. Ladenburg Thalmann Financial Services Inc. now owns 6,216 shares of the company's stock worth $119,000 after buying an additional 390 shares in the last quarter.

While Looking at Sales Growth (Year/est), the company is now showing a percentage value of 6 percent.

This morning Sprouts shares rose $0.77 to $23.27 - valuing the company at more than $3 billion, according to the report - however, the price dropped down to $21.22 shortly after and has hovered slightly below the day's opening price of $22.50. The company reached a 52-week low at 17.38 on Mar 7, 2017.

With the recent move, the stock now boasts a market cap of 3005.07and a beta of 0.54. Stock has got OUTPERFORM rating from 3 analysts of Thomson Reuters, 7 analysts given HOLD rating to the stock and 7 given UNDERPERFORM rating. Price per earning (ttm) stands at 26.69.