Sprouts Farmers Market (NASDAQ:SFM) has tumbled 3.54% during the past week and has dropped 8.76% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.39%. Sprouts Farmers Market (NASDAQ:SFM) has underperformed the index by 9.59% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Sprouts Farmers Market (NASDAQ:SFM): The stock opened at $22.65 on Friday but the bulls could not build on the opening and the stock topped out at $22.91 for the day. The stock traded down to $22.60 during the day, due to lack of any buying support eventually closed down at $22.60 with a loss of -0.09% for the day. The stock had closed at $22.62 on the previous day. The total traded volume was 2,368,934 shares.
The company shares have dropped -19.34% from its 1 Year high price. On Mar 18, 2016, the shares registered one year high at $30.00 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $24.90 and the 200 Day Moving Average price is recorded at $25.91.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CFO of Sprouts Farmers Market, Inc., Lukow Bradley had purchased shares worth of $251,500 in a transaction dated on May 26, 2016. A total of 10,000 shares were purchased at a price of $25.15 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Goldman Sachs downgrades their rating on the shares of Sprouts Farmers Market (NASDAQ:SFM). The current rating of the shares is Sell. Earlier, the shares were rated a Neutral by the brokerage firm. Equity Analysts at the Firm lowers the price target to $22 per share from $24 per share. The rating by the firm was issued on May 10, 2016. Currently the company Insiders own 2.6% of Sprouts Farmers Market shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 53.98% . Institutional Investors own 89.51% of Sprouts Farmers Market shares. During last six month period, the net percent change held by insiders has seen a change of -1.72%.
Sprouts Farmers Market, Inc. is a food retailer. The Company operates as a grocery store that offers natural and organic food, including produce, bulk foods, vitamins and supplements, grocery, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. As of February 26, 2015, the Company operated 198 stores in 12 states. The Companys product offerings focus on fresh, natural and organic foods. It categorizes its products as perishable and non-perishable. Perishable product categories include produce, meat, seafood, deli and bakery. Non-perishable product categories include grocery, vitamins and supplements, bulk items, dairy and dairy alternatives, frozen foods, beer and wine, and natural health and body care.