Sprouts Farmers Market Inc.’s recent filing unveils that its Chief Executive Officer Sinclair Jack unloaded Company’s shares for reported $2.9 million on Dec 05. In the deal valued at $33.77 per share,85,953 shares were sold. As a result of this transaction, Sinclair Jack now holds 207,638 shares worth roughly $ 6.36 million.
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Then, Lombardi Brandon F. sold 5,000 shares, generating $170,444 in total proceeds. Upon selling the shares at $34.09, the Chief Legal Officer now owns 28,150 shares.
Before that, Lombardi Brandon F. sold 12,612 shares. Sprouts Farmers Market Inc. shares valued at $424,522 were divested by the Chief Legal Officer at a price of $33.66 per share. As a result of the transaction, Lombardi Brandon F. now holds 33,150 shares, worth roughly $1.02 million.
PT values the company’s stock at a premium of 12.51 to its Friday closing price. A number of analysts have revised their coverage, including Northcoast’s analysts, who decreased its forecast for the stock in mid November from “a Buy” to “a Neutral”. MKM Partners also remained covering SFM and has decreased its forecast on November 11, 2022 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on May 05, 2022. It rated SFM as “an Underperform” which previously was an “a Buy”.
Price Performance Review of SFM
On Friday, Sprouts Farmers Market Inc. [NASDAQ:SFM] saw its stock fall -2.39% to $30.62. On the same session, the stock had its day’s lowest price of $30.505, but rose to a high of $31.03. Over the last five days, the stock has lost -6.90%. Sprouts Farmers Market Inc. shares have fallen nearly -5.41% since the year began. Nevertheless, the stocks have risen 6.76% over the past one year. While a 52-week high of $35.34 was reached on 02/16/23, a 52-week low of $22.56 was recorded on 01/19/23. SMA at 50 days reached $32.23, while 200 days put it at $29.36. A total of 1.21 million shares were traded, compared to the trading of 1.01 million shares in the previous session.
Levels Of Support And Resistance For SFM Stock
The 24-hour chart illustrates a support level at 30.41, which if violated will result in even more drops to 30.19. On the upside, there is a resistance level at 30.93. A further resistance level may holdings at 31.24. The Relative Strength Index (RSI) on the 14-day chart is 37.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.97%. Stochastics %K at 16.28% indicates the stock is a buying.
How much short interest is there in Sprouts Farmers Market Inc.?
A steep rise in short interest was recorded in Sprouts Farmers Market Inc. stocks on Jan 12, 2023, growing by 0.61 million shares to a total of 13.91 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 13.3 million shares. There was a rise of 4.39%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 15.21% of the overall stock float, the days-to-cover ratio (short ratio) rose to 10.86.
Sprouts Farmers Market Inc. [SFM] – Who Are The Largest Shareholders?
In filings from Fidelity Management & Research Co, it is revealed that the company now owns 11,469,803 shares, or roughly 10.84% of the outstanding SFM shares. In other words, the investor’s shares have risen by 2,253,450 from its previous 13-F filing of 9216353.0. Additionally, BlackRock Fund Advisors decreased -2.25% of its stake after which the total value it holdings stand at $359,028,380, while The Vanguard Group, Inc. added 0.89% of its stake to hold $342.86 million in the firm. Over the last quarter, LSV Asset Management sold -20,360 shares of Sprouts Farmers Market Inc., while Renaissance Technologies LLC sold -834,500 shares. At present, SSgA Funds Management, Inc. is holding 3,741,644 shares valued at $119.55 million. FIAM LLC owned 3,494,541 shares of the company at the time of its most recent 13F filing, worth $111.65 million.