NEW YORK (TheStreet) -- Shares of Sprouts Farmers Market (SFM) were sliding 6.56% to $21.09 in early-morning trading on Thursday after the company posted 2016 third quarter earnings that fell short of analysts' estimates.

Before the opening bell, the Phoenix-based natural and organic food retailer reported adjusted earnings of 16 cents per diluted share, missing Wall Street's projections of 17 cents per share.

Revenue grew 15% over last year to $1.04 billion and topped analysts' expectations of $1.01 billion.

Same-store sales rose 1.3% year-over-year in the quarter. Analysts surveyed by FactSet were looking for a 0.3% increase.

For the full year, the company forecasts adjusted earnings per diluted share of 83 cents to 86 cents. Wall Street is modeling adjusted earnings of 85 cents per share for the year.

Sprouts expects full-year revenue to rise 14.5% to 15% over last year's revenue of $3.59 billion. Analysts see revenue of $4.01 billion for 2016.

The company estimates that full-year same-store sales will grow 2.0% to 2.5% year-over-year vs. Wall Street's view of a 2.1% increase, according to FactSet.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "hold" with a ratings score of C.

The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including premium valuation, weak operating cash flow and poor profit margins.

You can view the full analysis from the report here: SFM

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