Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sprouts Farmers Market Inc. shares valued at $32,593 were sold by Molloy Lawrence on Jun 10. At $25.11 per share, Molloy Lawrence sold 1,298 shares. The insider’s holdings dropped to 238,624 shares worth approximately $6.01 million following the completion of this transaction.
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Also, Phipps Gilliam sold 2,364 shares, netting a total of over 59,005 in proceeds. Following the sale of shares at $24.96 each, the insider now holds 28,272 shares.
Before that, Blum Kristen E had added 4,093 shares to its account. In a trade valued at $100,215, the Director bought Sprouts Farmers Market Inc. shares for $24.48 each. Upon closing the transaction, the insider’s holdings increased to 4,093 shares, worth approximately $1.02 million.
As published in a research note from BofA Securities on May 05, 2022, Sprouts Farmers Market Inc. [SFM] has been rated down from a Buy to an Underperform and the price target has been revised to $25 from $40. This represents a -0.68% premium over Thursday’s closing price. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Buy”‘ outlook in a report released in late April. As of November 11, 2021, Gordon Haskett has decreased its “Hold” rating to a “Reduce” for SFM. Earlier on October 05, 2021, BMO Capital Markets downgraded its rating. Their new recommendation was “an Underperform” for SFM stock which previously was a “a Market perform”.
Analyzing SFM’s Price Performance
On Thursday, Sprouts Farmers Market Inc. [NASDAQ: SFM] plunged -1.02% to $25.17. The stock’s lowest price that day was $25.12, but it reached a high of $25.92 in the same session. During the last five days, there has been a drop of approximately -4.73%. Over the course of the year, Sprouts Farmers Market Inc. shares have dropped approximately -15.20%. Shares of the company reached a 52-week high of $35.34 on 04/11/22 and a 52-week low of $22.56 on 05/19/22. A 50-day SMA is recorded $27.23, while a 200-day SMA reached $27.20. Nevertheless, trading volume fell to 1.23 million shares from 1.39 million shares the previous day.
Support And Resistance Levels for Sprouts Farmers Market Inc. (SFM)
According to the 24-hour chart, there is a support level at 24.89, which, if violated, would cause prices to drop to 24.60. In the upper region, resistance lies at 25.69. The next price resistance is at 26.20. RSI (Relative Strength Index) is 43.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.38, which suggests the price will decrease in the coming days. Percent R is at 83.02%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Sprouts Farmers Market Inc. subject to short interest?
Stocks of Sprouts Farmers Market Inc. saw a sharp steep in short interest on May 30, 2022 dropping by -0.7 million shares to 13.95 million. Data from Yahoo Finance shows that the short interest on Apr 28, 2022 was 14.65 million shares. A decline of -5.02% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.49 of the overall float, the days-to-cover ratio (short ratio) decline to 5.49.
Which companies own the most shares of Sprouts Farmers Market Inc. (SFM)?
According to BlackRock Fund Advisors filings, the company currently owns 11,714,038 shares, which is about 10.69% of the total SFM shares outstanding. The investor’s shares have plunged by -213,540 from its previous 13-F filing of 11927578.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $299,411,981. Renaissance Technologies LLC acquire a 2.22% interest valued at $159.79 million while Fidelity Management & Research Co purchased a 234,848 stake. A total of -80,794 shares of Sprouts Farmers Market Inc. were bought by LSV Asset Management during the quarter, and 16,499 were bought by SSgA Funds Management, Inc. In its current portfolio, PGGM Vermogensbeheer BV holds 3,178,331 shares valued at $86.1 million.
In terms of Sprouts Farmers Market Inc. share price expectations, FactSet research, analysts set an average price target of $28.50 in the next 12 months, up nearly 8.14% from the previous closing price of $25.43. Analysts anticipate Sprouts Farmers Market Inc. stock to reach $37.00 by 2022, with the lowest price target being $21.00. In spite of this, 19 analysts ranked Sprouts Farmers Market Inc. stock as a Hold at the end of 2022. On December 10, 2020, Goldman assigned a price target of “a Sell” to the stock and downgraded coverage with a $18.