Albertsons held preliminary merger talks with Sprouts

20 March, 2017, 20:35 | Author: Leticia Walters
  • Customers leave an Albertsons grocery store with their purchases in Burbank California

(NASDAQ:SFM), at its latest closing price of $22.02, it has a price-to-book ratio of 3.74, compared to an industry average at 2.26. This Company belongs to Retail-Wholesale sector. The company had Year Ago Sales of 993.24 Million. The Stock Market opened sessions at 20.81 and closed at 22.02.

According to Yahoo Finance, the price target for the company which analysts are aiming is 30. MA ended last trade at $12.84 a share and the price is up more than -14.28% so far this year.

Investors expected a price target of 0.26 for this quarter.

Sprouts Farmers Market Inc (NASDAQ:SFM)'s stock had its "sell" rating reiterated by research analysts at Barclays PLC in a note issued to investors on Monday. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.19 on scale of 1-5. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company's stock. Company's distance from 20 day simple moving average is -0.25% and distance from 50-Day simple moving average is 0.91%. While the actual EPS the company reported in the same quarter previous year was 0.3/share. These analysts have also projected a Low Estimate of $0.24/share and a High Estimate of $0.32/share. Hence, the surprise factor was -5.9 percent.

Current levels places Sprouts Farmers Market, Inc. Last year, buyout firm Apollo, which previously owned Sprouts, purchased The Fresh Market, a specialty grocer with stores in the Midwest, Southeast and Mid-Atlantic, for about $1.4 billion.

These analysts also forecasted Growth Estimates for the Current Quarter for SFM to be 0%. The company reported revenue of $986 million in its fourth quarter of 2016, which was up 6% from the same time past year.

While Looking at Sales Growth (Year/est), the company is now showing a percentage value of 6 percent. While the stock price moved along with the volume change, shares are touching $21.88. The company reached a 52-week low at 17.38 on Mar 7, 2017. He pointed out the unconfirmed Bloomberg report that indicated the company has engaged itself with another supermarket chain, Albertsons Co for being acquired. The Stock now has a Weekly Volatility of 7.08% and Monthly Volatility of 3.88%. Price per earning (ttm) stands at 26.69.

Pitney Bowes Inc. (PBI) have shown a high EPS growth of -25.20% in the last 5 years and has earnings decline of -74.80% yoy. The company projects a long term annual growth estimate of 10.21 percent. The Insider Ownership of the company now is 0.5 percent, and Institutional Ownership is 95.9 percent.

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