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Sprouts Farmers Market, Inc. (SFM) is a grocery store. The company provides fresh, natural, and organic food products in the United States.
Its stores offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items. As of February 20, 2020, it operated 341 stores in 22 states.
On February 20th, Sprouts reported Quarter December 2019 earnings of $0.27 per share on revenue of $1.4 billion. The consensus earnings estimate was $0.14 per share on revenue of $1.4 billion. Revenue grew 7.5% on a year-over-year basis.
The company said it expects first quarter earnings of $0.45 to $0.47 per share on revenue of $1.49 billion to $1.051 billion and 2020 earnings of $1.17 to $1.23 per share on revenue of $5.94 billion to $6.00 billion. The current consensus earnings estimate is $0.41 per share on revenue of $1.52 billion for the quarter ending March 31, 2020 and $1.14 per share on revenue of $6.04 billion for the year ending December 31, 2020.
Shares have formed a bullish "pennant" following the breakout of Covid-19 the corona virus. The company has seen a surge in its business.
Entry Point: $17.40
Stop Loss: $16.25
Trading Range: $13.00 to $24.06
Target Price: $19.20
Position Closed at $17.60
SFM closed at $19.30
