Sprouts Farmers Market Inc. (NASDAQ:SFM) shares traded -0.77% lower at $32.37 on Wall Street last session.
SFM stock price is now 1.35% away from the 50-day moving average and 10.61% away from the 200-day moving average. The market capitalization of the company currently stands at $3.45B.
, while ‘MKM Partners’ rates the stock as ‘Neutral’.
In other news, Sinclair Jack, Chief Executive Officer sold 85,953 shares of the company’s stock on Dec 05. The stock was sold for $2,902,616 at an average price of $33.77. Upon completion of the transaction, the Chief Executive Officer now directly owns 207,638 shares in the company, valued at $6.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 16, Chief Legal Officer Lombardi Brandon F. sold 5,000 shares of the business’s stock. A total of $170,444 was realized by selling the stock at an average price of $34.09. This leaves the insider owning 28,150 shares of the company worth $0.91 million. Insiders disposed of 381,885 shares of company stock worth roughly $12.36 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SFM stock. A new stake in Sprouts Farmers Market Inc. shares was purchased by ROYAL LONDON ASSET MANAGEMENT LTD during the first quarter worth $19,457,000. WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC invested $18,617,000 in shares of SFM during the first quarter. In the first quarter, LOMBARD ODIER ASSET MANAGEMENT (EUROPE) LTD acquired a new stake in Sprouts Farmers Market Inc. valued at approximately $18,207,000. MESIROW INSTITUTIONAL INVESTMENT MANAGEMENT, INC. acquired a new stake in SFM for approximately $9,355,000. ARTEMIS INVESTMENT MANAGEMENT LLP purchased a new stake in SFM valued at around $7,990,000 in the second quarter.
Sprouts Farmers Market Inc. (NASDAQ: SFM) opened at $32.38 on Friday. During the past 12 months, Sprouts Farmers Market Inc. has had a low of $22.56 and a high of $35.34. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 1.30, and a quick ratio of 0.70. The fifty day moving average price for SFM is $32.03 and a two-hundred day moving average price translates $29.27 for the stock.
The latest earnings results from Sprouts Farmers Market Inc. (NASDAQ: SFM) was released for Jul, 2022. According to the Grocery Stores Company, earnings per share came in at $0.57, beating analysts’ expectations of $0.51 by 0.06. This compares to $0.56 EPS in the same period last year. The net profit margin was 4.00% and return on equity was 25.10% for SFM. The company reported revenue of $1.59 billion for the quarter, compared to $1.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.39 percent. For the current quarter, analysts expect SFM to generate $1.58B in revenue.
In terms of dividend payout ratio, SFM is presently at 34.80%.
Sprouts Farmers Market Inc.(SFM) Company Profile
Sprouts Farmers Market, Inc. offers fresh, natural, and organic food products in the United States. The company offers perishable product categories, including fresh produce, meat, seafood, deli, bakery, floral and dairy, and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care. As of January 2, 2022, it operated 374 stores in 23 states. Sprouts Farmers Market, Inc. was founded in 2002 and is headquartered in Phoenix, Arizona.