Supermarket chain Albertson's is reportedly considering a merger with organic grocer Sprouts Farmers Market Inc (NASDAQ:SFM). Finally, Wedbush reaffirmed an "outperform" rating and set a $28.00 target price on shares of Sprouts Farmers Market in a research report on Monday, February 27th.
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 had Year Ago Sales of 993.24 Million. 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 past year was $0.34.
The share price of the company (NASDAQ:SFM) was up +5.46%, with a high of 22.15 during the day and the volume of Sprouts Farmers Market, Inc. shares traded was 14265316. (NASDAQ:SFM), stock is trading $30.00 above the 52-week high and has displayed a high EPS growth of 37.60% in last 5 years. They now have a United States dollars 30 price target on the stock. The Stock now has a Weekly Volatility of 7.08% and Monthly Volatility of 3.88%.
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. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.50 on scale of 1-5. The Stock Market opened sessions at 20.81 and closed at 22.02. The volume of the company in the last trading session was 14.17 Million. The Market Capitalization of the company stands at 2.99 Billion. Its 52-week high and low range is between $84.14 and $54.12. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued.
Wounded New Zealand get Taylor, Boult boost
Latham has had six innings against South Africa this year - three in the one dayers and three in the tests. We need to get back to that standard and bounce back quickly for Hamilton ".
According to Finviz reported data, The SMA20 of the stock is at -8.71%, SMA50 is -14.5 percent, while SMA200 is -20.78%.
While Looking at Sales Growth (Year/est), the company is now showing a percentage value of 6 percent. The Return on Investment and Return on Equity (ROE) values are 15.5 percent and 23.7 percent, respectively. The stock presently has an average rating of "Hold" and an average price target of $25.31. Including today's unusual volume, Sprouts Farmers Market, Inc.'s stock is performing at 16.38% on the year. Following the sale, the director now owns 77,810 shares in the company, valued at $1,514,960.70.
For the quarter ending 11/03/2016, The Analyst projected that the company could deliver EPS of 0.17 while the company provided its Actual EPS of 0.16 showing a difference of -0.01 Percent between the Estimated and Actual EPS.