SFM Expected To Declare $1.58 Bn In Quarterly Sales

SFM
SFM

Brokerages of Wall Street predict that the company Sprouts Farmers Market (NASDAQ: SFM) would post $1.58 bn in quarterly sales for this current quarter. Four analysts issued their estimates for SFM’s earnings with the range of estimates being from $1.57 bn to $1.59 bn. The company reported $1.36 bn in sales in a similar quarter past year, which suggests a positive 16.2% Y-O-Y growth rate. The company is predicted to report the next report on its earnings on February 18th, Thursday.

SFM has been the topic of many research reports.BMO Markets reduced the target price on the company’s stocks from $25.00 – $21.00 and issued a rating of “market perform” on the company’s stocks on October 29th, Monday. Credit Group decreased the target price on the company’s stocks from $26.00 – $23.00 and issued a rating of “neutral” on the company’s stocks on October 27th, Tuesday.

Deutsche Bank cut the price target of the company’s stocks from $33.00 – $31.00 and issued a rating of “buy” on the company’s stocks on October 29th, Thursday. Zacks Research decreased its ratings of the company’s stocks from “buy” to “hold” and issued a target price of $23.00 on the company’s stocks on October 6th, Tuesday.

More About The SFM Stock

SFM shares opened on Friday at $20.10.The firm has a 0.62 quick ratio, a 1.07 current ratio, and a 0.62 ratio between debt and equity. The business has $20.25 as its moving average for 50 days and $22.30 as its moving average for 200 days. The company has $13.00 as its 12-month low and $28.00 as its 12-month high. The company has $2.37 bn in market capitalization, a 10.92 ratio between price and earnings, a 1.09 PEG ratio, and a 0.12 beta.

SFM is a grocery store that provides organic food, natural and fresh products across the US. It offers packaged groceries, fresh produce, bulk items, deli, frozen foods, baked goods, etc.

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