Financial

Notable Stock to Watch: Sprouts Farmers Market (NASDAQ:SFM)

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Sprouts Farmers Market (NASDAQ:SFM) spotted trading -36.37% off 52-week high price. On the other end, the stock has been noted -1.41% away from the low price over the last 52-weeks. The stock changed -3.33% to recent value of $18.88. The stock transacted 4258028 shares during most recent day however it has an average volume of 1658.74K shares. The company has 122.02M of outstanding shares and 115.01M shares were floated in the market.

Sprouts Farmers Market (NASDAQ:SFM) reported that Jack L. Sinclair has been appointed as the company’s chief executive officer and a member of its board of directors, effective June 24, 2019.

We are extremely excited to have Jack Sinclair as our new chief executive officer following a thorough search and selection process by the board of directors, said Joseph Fortunato, chairman of the board of Sprouts Farmers Market. Jack is a proven chief executive officer with an outstanding track record in grocery and retail merchandising. On behalf of the board, we look forward to working with Jack as he leads Sprouts forward to continued success.

Sinclair brings to Sprouts over 35 years of experience in retail and grocery. He has been chief executive officer of 99 Cents Only Stores LLC, a premier discount retailer with over 350 locations in the United States, since 2018 and prior to that was its chief merchandising officer from 2015 to 2018. From 2007 to 2015, Sinclair was the Executive Vice President of the U.S. Grocery Division of Walmart, where he led all aspects of Walmart’s U.S. grocery business at its more than 4,000 stores, which generated substantial growth under his leadership through a focus on local assortment and fresh foods. Sinclair previously spent 14 years at Safeway PLC in London where he was responsible for operations, merchandising and marketing for over 450 Safeway supermarket and convenience store locations throughout the United Kingdom. Sinclair has served on the board of directors of The Hain Celestial Group, a leading marketer, manufacturer and seller of organic and natural products, since 2017. He earned a bachelor’s degree in economics and marketing from The University of Strathclyde, Glasgow, Scotland. Its earnings per share (EPS) expected to touch remained 20.50% for this year while earning per share for the next 5-years is expected to reach at 8.81%. SFM has a gross margin of 33.50%.

According to the most recent quarter its current ratio was 0.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of -7.15% from the mean of 20 days, -10.24% from mean of 50 days SMA and performed -21.34% from mean of 200 days price. Company’s performance for the week was -10.05%, -8.08% for month and YTD performance remained -19.69%.

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