These Analysts Lower Their Forecasts On Sprouts Farmers Market Following Q3 Results

Core Insights - Sprouts Farmers Market reported third-quarter earnings of $1.22 per share, exceeding the analyst consensus estimate of $1.17 per share, but quarterly sales of $2.200 billion fell short of the expected $2.225 billion [1] - The company provided fourth-quarter adjusted EPS guidance of 86 cents to 90 cents, which is below market estimates of 98 cents [2] - Following the earnings announcement, Sprouts Farmers Market shares dropped 26% to $77.29 [3] Analyst Reactions - Wells Fargo analyst Edward Kelly maintained an Overweight rating but reduced the price target from $180 to $135 [6] - RBC Capital analyst Steven Shemesh kept an Outperform rating while lowering the price target from $148 to $140 [6] - Goldman Sachs analyst Kate McShane maintained a Buy rating and decreased the price target from $178 to $152 [6] - Evercore ISI Group analyst Michael Morris maintained an Outperform rating and cut the price target from $175 to $130 [6]