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Sprouts Farmers Market, Inc. (SFM)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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24.08+1.08 (+4.70%)
At close: 4:00PM EST

24.00 -0.08 (-0.33%)
Pre-Market: 6:40AM EST

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Previous Close23.00
Open23.34
Bid23.40 x 1800
Ask24.00 x 1200
Day's Range23.09 - 24.09
52 Week Range13.00 - 28.00
Volume3,828,530
Avg. Volume2,530,813
Market Cap2.84B
Beta (5Y Monthly)0.21
PE Ratio (TTM)9.91
EPS (TTM)2.43
Earnings DateMay 03, 2021 - May 07, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est25.59
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Undervalued
16% Est. Return
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  • Sprouts Farmers Gains 5% On $300M Shares Buyback
    SmarterAnalyst

    Sprouts Farmers Gains 5% On $300M Shares Buyback

    Shares of Sprouts Farmers Market closed 4.7% higher on Thursday after the grocer announced a share buyback plan of $300 million. The company added that the buyback program could be commenced, discontinued, or suspended at any time. Moreover, it will expire in three years. Sprouts Farmers' (SFM) CFO Denise Paulonis said, “Our new share repurchase program reflects our commitment to strong cash flow generation and driving shareholder return, while at the same time deploying capital to drive growth over the long term.” On Feb. 25, Sprouts Farmers reported stronger-than-expected fourth-quarter results. The company posted adjusted earnings of $0.59 per share, significantly higher than the year-ago period's earnings of $0.27 per share. Moreover, it exceeded analysts' estimate of $0.39 per share. Revenues grew 17% to $1.6 billion, beating the Street’s estimates of $1.58 billion. (See Sprouts Farmers stock analysis on TipRanks) On Jan. 7, Jefferies analyst Matthew Fishbein maintained a price target of $21 (13% downside potential) and a Hold rating on the stock. In a note to investors, the analyst said, “We believe margin sustainability and expansion off 2019’s base seems reasonable, before giving the company much credit for out-year supply chain enhancements and per-store productivity improvement via a new store footprint plan.” Fishbein added, “Potentially pent-up away-from-home food demand later this year and the longer-term/post-pandemic health of the experience-driven Specialty Grocery channel remain risks.” Overall, consensus among analysts is a Hold based on 2 Buys, 3 Holds and 2 Sells. The average analyst price target of $26.08 implies upside potential of over 8% to current levels. Shares have gained around 46% over the past year. Related News:BlueLinx Posts Blowout Quarter; Stock Rises 9%Trip.com Posts Tepid 4Q Results; Shares Rise On China RecoveryGeneral Dynamics Increases Quarterly Dividend By 8.2% More recent articles from Smarter Analyst: Kroger Tops 4Q Profit Estimates As Online Sales Spike 118%; Shares Gain Bally’s Posts Surprise 4Q Profit But Misses On Revenues; Shares Drop 6% Zynga Snaps Up Echtra Games; Street Says Buy These 2 Penny Stocks Are Well Positioned for Gains, Say Analysts

  • Sprouts sets new $300 million stock buyback program, after repurchasing no shares last year
    MarketWatch

    Sprouts sets new $300 million stock buyback program, after repurchasing no shares last year

    Shares of Sprouts Farmers Market Inc. rose 1.2% in premarket trading Thursday, after the fresh produce grocer authorized a new $300 million stock repurchase program. The program represents about 11.1% of the company's market capitalization at Wednesday's close. "Our new share repurchase program reflects our commitment to strong cash flow generation and driving shareholder return, while at the same time deploying capital to drive growth over the long term," said Chief Financial Officer Denise Paulonis. The company did not repurchase any shares in 2020, after spending about $176 million on buybacks in 2019. The stock has rallied 36.7% over the past 12 months, while the S&P 500 has gained 22.0%.

  • Sprouts Farmers Market Announces $300 Million Share Repurchase Authorization
    GlobeNewswire

    Sprouts Farmers Market Announces $300 Million Share Repurchase Authorization

    PHOENIX, March 04, 2021 (GLOBE NEWSWIRE) -- Sprouts Farmers Market, Inc. (Nasdaq: SFM) announced today that its Board of Directors authorized a new share repurchase program on March 3, 2021 of $300 million of its common shares. The shares may be purchased on a discretionary basis from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases, privately negotiated transactions or other means, including through Rule 10b5-1 trading plans. The repurchase program may be commenced, suspended or discontinued at any time and expires in three years. “Our new share repurchase program reflects our commitment to strong cash flow generation and driving shareholder return, while at the same time deploying capital to drive growth over the long term,” said Denise Paulonis, Chief Financial Officer. “This repurchase program demonstrates the Board's confidence in our future and the company’s strategy.” Forward-Looking Statements Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Any statements contained herein that are not statements of historical fact (including, but not limited to, statements to the effect that Sprouts Farmers Market or its management "anticipates," "plans," "estimates," "expects," or "believes," or the negative of these terms and other similar expressions) should be considered forward-looking statements, including, without limitation, statements regarding the company’s outlook, growth, opportunities and long-term strategy. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. These risks and uncertainties include, without limitation, risks associated with the impact of the COVID-19 pandemic; the company’s ability to execute on its long-term strategy; the company’s ability to successfully compete in its competitive industry; the company’s ability to successfully open new stores; the company’s ability to manage its growth; the company’s ability to maintain or improve its operating margins; the company’s ability to identify and react to trends in consumer preferences; product supply disruptions; general economic conditions; accounting standard changes; and other factors as set forth from time to time in the company’s Securities and Exchange Commission filings, including, without limitation, the company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The company intends these forward-looking statements to speak only as of the time of this release and does not undertake to update or revise them as more information becomes available, except as required by law. Corporate Profile Sprouts is the place where goodness grows. True to its farm-stand heritage, Sprouts offers a unique grocery experience featuring an open layout with fresh produce at the heart of the store. Sprouts inspires wellness naturally with a carefully curated assortment of better-for-you products paired with purpose-driven people. The healthy grocer continues to bring the latest in wholesome, innovative products made with lifestyle-friendly ingredients such as organic, plant-based and gluten-free. Headquartered in Phoenix, and one of the fastest growing retailers in the country, Sprouts employs approximately 35,000 team members and operates more than 360 stores in 23 states nationwide. To learn more about Sprouts, and the good it brings communities, visit about.sprouts.com. Investor Contact: Media Contact:Susannah LivingstonDiego Romero(602) 682-1584(602) 682-3173susannahlivingston@sprouts.commedia@sprouts.com