Streetbeat News

SFM

Sprouts Farmers Market, Inc.

https://www.sprouts.com

Industry

Grocery Stores

Sprouts Farmers Market, Inc. offers fresh, natural, and organic food products in the United States. The company offers perishable product categories, including fresh produce, meat, seafood, deli, bakery, floral and dairy, and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care. As of January 2, 2022, it operated 374 stores in 23 states. Sprouts Farmers Market, Inc. was founded in 2002 and is headquartered in Phoenix, Arizona.

Open

141.29

Mkt cap

14B

Volume

562K

High

142.41

P/E Ratio

41.11

52-wk high

148.56

Low

139.46

Div yield

N/A

52-wk low

40.39

Uber Technologies Inc (NYSE:UBER) has seen its stock surge 127.52% YTD, outperforming the S&P 500's 18.13% rise. The stock hit a new 52-week high of $63.03 on Dec. 12, driven by its inclusion in the S&P 500, recent partnerships with Tesla, Domino's Pizza, and Sprouts Farmers Market, and strong Q3 earnings. However, the stock is considered 'overbought' and has a high forward P/E ratio, suggesting a potential pullback.

Portfolio Pulse from Surbhi Jain

December 15, 2023 | 4:55 pm

Goldman Sachs analyst Kate McShane has maintained a Buy rating on Sprouts Farmers Market (NASDAQ:SFM) and increased the price target from $37 to $49.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 2:28 pm

Sprouts Farmers Market Inc (SFM) has announced that its products are now available for delivery through Uber Eats in Florida, with plans to expand to all Sprouts locations by year-end. The service offers over 15,000 products, including organic and specialty items. The partnership aims to increase accessibility to Sprouts' healthy offerings. SFM shares closed slightly lower on Friday.

Portfolio Pulse from Shivani Kumaresan

December 11, 2023 | 12:46 pm

Sprouts Farmers Market has expanded its on-demand delivery options by partnering with Uber Eats, starting in Florida. Customers can now order Sprouts' fresh, natural, and organic products through the Uber Eats app or website for immediate or scheduled delivery.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:03 am

Insiders at Williams-Sonoma, Visa, KeyCorp, and Sprouts Farmers Market have recently sold shares of their companies. Williams-Sonoma insiders sold shares after reporting better-than-expected Q3 earnings. Visa's insider sale coincides with an extended collaboration in Europe. KeyCorp's insider sold shares as Q3 FY23 revenues met consensus. Sprouts Farmers Market's CEO sold shares after reporting a 7.7% Y/Y sales growth in Q3 FY23.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 12:21 pm

UBS analyst Mark Carden has maintained a Neutral rating on Sprouts Farmers Market (NASDAQ:SFM) and raised the price target from $39 to $45.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 6:53 pm

Sprouts Farmers Market, Inc (NASDAQ:SFM) reported Q3 FY23 sales growth of 7.7% YoY to $1.71 billion, beating the analyst consensus estimate of $1.68 billion. Comparable store sales increased 3.9%. The company also announced the appointment of Curtis Valentine as its new CFO, effective January 1, 2024. Despite the positive results, SFM shares traded lower by 5.48% at $40.97.

Portfolio Pulse from Shivani Kumaresan

October 31, 2023 | 4:10 pm

Sprouts Farmers Market, Inc. (NASDAQ:SFM) has announced the appointment of Curtis Valentine as the company's new Chief Financial Officer, effective from January 1, 2024. Valentine, currently the Senior Vice President of Finance at Sprouts, will succeed Lawrence Molloy, who plans to retire at the end of 2023. Valentine brings over 15 years of financial and retail experience to the role, having served in Sprouts' financial organization for over eight years.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 1:26 pm

Sprouts Farmers Market (SFM) has provided its Q4 and full-year 2023 outlook. The company expects Q4 EPS to be between $0.42 and $0.46, with comparable sales growth of around 3%. For FY23, SFM anticipates EPS of $2.77-$2.81, net sales growth of 6.5%-7%, and the opening of 30 new stores. Capital expenditures are projected to be $190 million to $210 million.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 1:25 pm

Sprouts Farmers Market (NASDAQ:SFM) reported Q3 earnings of $0.65 per share, beating the analyst consensus estimate of $0.62 by 4.84%. The company also reported quarterly sales of $1.71 billion, surpassing the analyst consensus estimate of $1.68 billion by 1.96%. Both earnings and sales show an increase compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 1:23 pm

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