J.P. Morgan Upgrades Sprouts Farmers Market to ‘Overweight’
According to the latest data compiled by Thomson Reuters, Sprouts Farmers Market’ current average target price by 21 Wall Street analysts is $25.81, reflecting an upside of 8%.
SFM’s top line is expected to grow 13%–14% based on its sales comp growth of 1.5%–2.0% and 32 new store openings.
Sprouts Farmers Market (SFM) reported a 14.7% year-over-year increase in sales to $1.2 billion in 2Q17.
Phoenix, Arizona–based Sprouts Farmers Market (SFM) reported its 2Q17 results on August 3. Total sales for SFM increased 15% year-over-year to $1.2 billion, $17.0 million more than consensus estimates.
Whole Foods Market (WFM) has been the best-performing supermarket stock this year.
Whole Foods Market (WFM) posted record sales of $3.7 billion, which was in line with the consensus expectations.
Whole Foods Market (WFM) reported its results for fiscal 3Q17 on Wednesday, July 26, 2017.
A total of ten Wall Street analysts track SUPERVALU stock. The company is rated a 2.5 on a scale of 1 (“strong buy”) to 5 (“sell”).
SUPERVALU’s (SVU) stock price surged 15% on July 25, 2017, after it reported its fiscal 1Q18 top line beat.
SUPERVALU (SVU) reported adjusted earnings per share (or EPS) from continuing operations of $0.09 in fiscal 1Q18, missing analysts’ consensus estimate by $0.01.
SUPERVALU’s (SVU) fiscal 1Q18 sales rose 6.3% YoY (year-over-year) to $2.9 billion, beating analysts’ consensus estimate by $10 million.
Minnesota-based SUPERVALU (SVU) reported its fiscal 1Q18 results on July 25, 2017. The results pertain to the three-month period that ended on June 17, 2017.
Sprouts Farmers Market (SFM) is valued at a one-year forward price-to-earnings ratio (or PE) of 26.0x, which is close to the upper end of its 52-week PE range of 20.0x–27.0x.
On June 16, Oppenheimer raised SFM to “outperform” from “perform” after Amazon (AMZN) announced its acquisition of Whole Foods Market (WFM).
According to the latest data compiled by Thomson Reuters, 52% of the analysts recommend buying SFM.
On June 16, 2017, Amazon announced its intention to acquire Whole Foods Market for $13.4 billion. The deal bolstered Whole Foods Market’s stock price by 29%.
For fiscal 2017, Sprouts Farmers Market’s (SFM) management has predicted a slightly lower gross margin than in fiscal 2016.
Sprouts Farmers Market (SFM) has successfully survived deflation and rising competition, posting 40 consecutive quarters of positive sales comps.
For fiscal 2017, Sprouts Farmers Market’s (SFM) management expects sales to grow in the 12.5%–13.5% range based on positive same-store sales and 32 new stores.
Arizona-based Sprouts Farmers Market (SFM) is slated to release its 2Q17 results on August 3. Its total sales are expected to rise 12.9% year-over-year to ~$1.2 billion.