Sprouts Farmers Market Inc Stock Research

Market Summary

USD34.03+0.75

Delayedas of 27 Mar 2023, 02:00 pm

2.25%

SFM Alerts

7 major insider sales recently.

SFM Stock Price

SFM RSI Chart

SFM Valuation

Market Cap

3.5B

Price/Earnings (Trailing)

13.39

Price/Sales (Trailing)

0.55

EV/EBITDA

6.93

Price/Free Cashflow

14.14

SFM Price/Sales (Trailing)

SFM Profitability

EBT Margin

5.45%

Return on Equity

24.96%

Return on Assets

8.51%

Free Cashflow Yield

7.07%

SFM Fundamentals

SFM Revenue

Revenue (TTM)

6.4B

Revenue Y/Y

5.61%

Revenue Q/Q

-0.91%

SFM Earnings

Earnings (TTM)

261.2M

Earnings Y/Y

24.54%

Earnings Q/Q

-31.37%

Price Action

52 Week Range

22.5635.59

(Low)(High)

Last 30 days

4.3%

Last 90 days

-1.3%

Trailing 12 Months

1.8%

SFM Financial Health

Current Ratio

1.29

Debt/Equity

0.25

Debt/Cashflow

1.59

SFM Investor Care

Buy Backs (1Y)

5.44%

Diluted EPS (TTM)

2.39

Peers (Alternatives to Sprouts Farmers Market)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
WMT	384.4B	600.1B	-1.69%	0.45%	42.65	0.64	4.92%	10.07%
COST	219.7B	234.4B	-0.43%	-10.80%	36.3	0.94	13.76%	13.92%
SYY	37.9B	73.6B	-3.65%	-6.79%	26.68	0.51	21.14%	80.80%
KR	35.1B	146.5B	9.93%	-12.27%	14.85	0.24	8.04%	132.09%
ACI	10.8B	76.8B	-5.57%	-23.61%	6.51	0.14	9.24%	62.45%
BJ	10.1B	18.7B	1.01%	16.67%	20.58	0.54	15.30%	18.31%
MID-CAP
USFD	7.9B	34.1B	-10.59%	-4.98%	29.81	0.23	15.50%	61.59%
CASY	7.8B	15.2B	-3.15%	9.05%	17.35	0.51	28.24%	39.99%
SFM	3.5B	6.4B	4.26%	1.84%	13.39	0.55	4.99%	6.97%
GO	2.7B	3.6B	-5.16%	-17.02%	41.14	0.75	16.19%	4.40%
WMK	2.2B	4.7B	-0.77%	12.15%	17.73	0.47	11.16%	15.02%
SMALL-CAP
ANDE	1.4B	17.3B	-9.35%	-21.53%	10.33	0.08	37.37%	26.06%
CHEF	1.3B	2.6B	-8.00%	-0.55%	45.44	0.48	49.70%	663.68%
SPTN	853.5M	9.6B	-22.39%	-30.31%	24.73	0.09	7.97%	-53.20%
NGVC	244.8M	1.1B	-0.30%	-41.40%	14.52	0.22	2.34%	-34.82%

Financials for Sprouts Farmers Market

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	1.3%	6,404	6,320	6,239	6,166	6,100
Gross Profit	1.7%	2,349	2,309	2,265	2,235	2,209
S&GA Expenses	1.3%	1,856	1,832	1,794	1,768	1,748
EBITDA	2.6%	462	450	444	440	-
EBITDA Margin	1.3%	0.07*	0.07*	0.07*	0.07*	-
Earnings Before Taxes	3.5%	349	337	332	329	322
EBT Margin	2.2%	0.05*	0.05*	0.05*	0.05*	-
Interest Expenses	8.4%	-10.49	-11.45	-11.73	-11.68	-
Net Income	3.5%	261	252	250	249	244
Net Income Margin	2.2%	0.04*	0.04*	0.04*	0.04*	-
Free Cahsflow	-5.5%	247	262	280	299	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	1.8%	3,070	3,018	2,987	2,998	2,923
Current Assets	0.1%	674	673	645	641	568
Cash Equivalents	-7.2%	293	316	289	324	245
Inventory	2.9%	311	302	293	272	265
Net PPE	4.1%	722	694	690	701	716
Goodwill	0.0%	369	369	369	369	369
Liabilities	2.4%	2,024	1,977	1,974	1,986	1,963
Current Liabilities	-0.5%	522	525	515	524	513
Long Term Debt	-	250	-	-	-	-
Shareholder's Equity	0.5%	1,046	1,041	1,014	1,012	960
Retained Earnings	0.1%	320	320	298	301	259
Additional Paid-In Capital	0.8%	726	720	715	712	705
Accumulated Depreciation	-	821	-	-	-	-
Shares Outstanding	-1.3%	105	106	108	110	111

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-1.0%	371	375	396	412	365
Share Based Compensation	2.2%	17.00	16.00	16.00	17.00	16.00
Cashflow From Investing	-9.6%	-124	-113	-116	-113	-102
Cashflow From Financing	3.2%	-199	-205	-212	-231	-186
Buy Backs	-2.9%	200	206	212	231	188

Risks for SFM

What is the probability of a big loss on SFM?

97.7%

Probability that Sprouts Farmers Market stock will be more than 20% underwater in next one year

33.5%

Probability that Sprouts Farmers Market stock will be more than 30% underwater in next one year.

Probability that Sprouts Farmers Market stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does SFM drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Sprouts Farmers Market was unfortunately bought at previous high price.

Drawdowns

Returns for SFM

Cumulative Returns on SFM

2.0%

7-Year Cumulative Returns

7.5%

5-Year Cumulative Returns

23.7%

3-Year Cumulative Returns

What are the long-term rolling returns for SFM?

FIve years rolling returns for Sprouts Farmers Market.

Annualized Returns

Which funds bought or sold SFM recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	new	-	611,756	611,756	0.02%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	18.8	765,936	2,751,940	-%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-18.59	-2,000	24,000	-%
2023-02-28	Voya Investment Management LLC	reduced	-1.4	-82,580,300	2,003,700	-%
2023-02-24	NATIXIS	sold off	-100	-4,322,000	-	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	reduced	-12.67	11,000	558,000	0.01%
2023-02-21	NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC	reduced	-36.88	-113,903	317,097	0.01%
2023-02-21	MACQUARIE GROUP LTD	reduced	-4.58	263,000	2,981,000	-%
2023-02-21	KB FINANCIAL PARTNERS, LLC	reduced	-28.36	-1,000	3,000	-%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	reduced	-97.72	-653,164	17,836	-%

Latest Funds Activity

Are funds buying SFM calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own SFM

No. of Funds

SFM Alerts

7 major insider sales recently.

Sprouts Farmers Market News

Schedule 13G FIlings of Sprouts Farmers Market

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	renaissance technologies llc	4.81%	5,088,132	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	10.40%	11,013,731	SC 13G/A
Jan 23, 2023	blackrock inc.	11.9%	12,628,435	SC 13G/A
Sep 12, 2022	fmr llc	-	0	SC 13G/A
Jun 09, 2022	vanguard group inc	10.08%	11,052,491	SC 13G/A
Feb 11, 2022	renaissance technologies llc	5.14%	5,770,332	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G
Jan 27, 2022	blackrock inc.	12.3%	13,853,199	SC 13G/A
Jan 26, 2022	blackrock inc.	12.3%	13,853,199	SC 13G/A

SFM Fair Value

Sprouts Farmers Market fair value in different scenarios

The table shows the Fair Value estimates for Sprouts Farmers Market for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	20.80 -38.88%	32.80 -3.61%	46.21 35.79%	63.26 85.89%	74.37 118.54%
Current Inflation	19.51 -42.67%	30.03 -11.75%	41.43 21.75%	55.71 63.71%	65.01 91.04%
Very High Inflation	17.89 -47.43%	26.64 -21.72%	35.74 5.02%	46.91 37.85%	54.18 59.21%

Historical Sprouts Farmers Market Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Sprouts Farmers Market

View All Filings

Date Filed	Form Type	Document
Mar 22, 2023	4	Insider Trading
Mar 20, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading

Latest Insider Trading transactions for SFM

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-22	Konat Nicholas	sold	-21,359	33.27	-642	president & coo
2023-03-20	Sanders Dan J	sold	-1,317,060	32.5585	-40,452	chief store operations officer
2023-03-20	Sanders Dan J	acquired	374,438	22.3092	16,784	chief store operations officer
2023-03-17	McGlinchey David	sold	-23,533	32.9594	-714	chief strategy officer
2023-03-17	Neal John Scott	sold	-29,334	32.9596	-890	chief merchandising officer
2023-03-17	Sanders Dan J	sold	-23,928	32.9596	-726	chief store operations officer
2023-03-17	Lombardi Brandon F.	sold	-57,284	32.96	-1,738	chief legal officer
2023-03-17	Hurley Joseph L	sold	-6,031	32.9594	-183	chief supply chain officer
2023-03-17	Hilgendorf Stacy W.	sold	-9,162	32.9596	-278	vp, controller
2023-03-17	Sinclair Jack	sold	-191,626	32.9594	-5,814	chief executive officer

About Sprouts Farmers Market

Jack L. Sinclair

www.sprouts.com

31000

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.

SFM Income Statement

2023-01-01

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 01, 2023	Jan. 02, 2022	Jan. 03, 2021
Income Statement [Abstract]
Net sales	$ 6,404,223	$ 6,099,869	$ 6,468,759
Cost of sales	4,055,659	3,890,657	4,089,470
Gross profit	2,348,564	2,209,212	2,379,289
Selling, general and administrative expenses	1,855,649	1,748,205	1,863,869
Depreciation and amortization (exclusive of depreciation included in cost of sales)	123,530	122,258	124,124
Store closure and other costs, net	11,025	4,673	(369)
Income from operations	358,360	334,076	391,665
Interest expense, net	9,047	11,684	14,787
Income before income taxes	349,313	322,392	376,878
Income tax provision	88,149	78,235	89,428
Net income	$ 261,164	$ 244,157	$ 287,450
Net income per share:
Basic	$ 2.41	$ 2.12	$ 2.44
Diluted	$ 2.39	$ 2.10	$ 2.43
Weighted average shares outstanding:
Basic	108,232	115,377	117,821
Diluted	109,139	116,077	118,224

SFM Balance Sheet

2023-01-01

Consolidated Balance Sheets - USD ($)
$ in Thousands

Jan. 01, 2023

Jan. 02, 2022

Current assets:

Cash and cash equivalents

$ 293,233

$ 245,287

Accounts receivable, net

16,108

21,574

Inventories

310,545

265,387

Prepaid expenses and other current assets

53,918

35,468

Total current assets

673,804

567,716

Property and equipment, net of accumulated depreciation

722,241

716,029

Operating lease assets, net

1,106,524

1,072,019

Intangible assets, net of accumulated amortization

184,960

Goodwill

368,878

Other assets

13,973

13,513

Total assets

3,070,380

2,923,115

Current liabilities:

Accounts payable

172,904

145,901

Accrued liabilities

151,306

155,996

Accrued salaries and benefits

61,574

58,743

Current portion of operating lease liabilities

135,584

^[1],[2]

151,755

Current portion of finance lease liabilities

1,012

1,078

Total current liabilities

522,380

513,473

Long-term operating lease liabilities

1,145,173

^[1],[2]

1,095,909

Long-term debt and finance lease liabilities

258,902

259,656

Other long-term liabilities

36,340

36,306

Deferred income tax liability

61,123

57,895

Total liabilities

2,023,918

1,963,239

Commitments and contingencies (Note 19)

Stockholders’ equity:

Undesignated preferred stock; $0.001 par value; 10,000,000 shares authorized, no shares issued and outstanding

Common stock, $0.001 par value; 200,000,000 shares authorized, 105,072,756 shares issued and outstanding, January 1, 2023; 111,114,374 shares issued and outstanding, January 2, 2022

105

111

Additional paid-in capital

726,345

704,701

Accumulated other comprehensive income (loss)

(3,758)

Retained earnings

320,012

258,822

Total stockholders’ equity

1,046,462

959,876

Total liabilities and stockholders’ equity

$ 3,070,380

$ 2,923,115

[1]	Operating lease payments include $67.5 million related to periods covered by options to extend lease terms that are reasonably certain of being exercised and exclude $504.5 million of legally binding minimum lease payments for leases executed but not yet commenced.
[2]	We have subtenant agreements under which we will receive $1.0 million in 2023, $1.0 million in 2024, $0.9 million in 2025, $0.7 million in 2026, $0.6 million in 2027 and $0.4 million thereafter.