Fortunato Joe sells Sprouts Farmers Market (SFM) shares for $1.4m

Published 14/08/2025, 01:30
Fortunato Joe sells Sprouts Farmers Market (SFM) shares for $1.4m

Director Joe Fortunato sold 10,000 shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM) on August 12, 2025, at prices ranging from $147.36 to $147.88, netting approximately $1.4 million. The sale comes as SFM shares have surged 52.94% over the past year, with the company now commanding a market capitalization of $14.27 billion. According to InvestingPro data, analysts maintain a positive outlook with price targets ranging from $155 to $209.

According to a Form 4 filing with the Securities and Exchange Commission, the transaction resulted in Fortunato directly owning 18,164 shares following the sale. This total includes 16,571 shares of common stock and 1,593 restricted stock units, which will vest on March 12, 2026. With SFM’s strong financial health score and robust cash flows, InvestingPro subscribers can access 12 additional key insights about the company’s performance and valuation through the comprehensive Pro Research Report.

In other recent news, Sprouts Farmers Market reported impressive second-quarter 2025 results, surpassing analysts’ expectations with an earnings per share of $1.35, compared to the projected $1.23. The company’s revenue reached $2.2 billion, exceeding the anticipated $2.17 billion. Following these strong earnings, several analyst firms have adjusted their outlooks on the company. Wells Fargo upgraded Sprouts Farmers Market to Overweight, citing growth potential and increasing its price target to $180.00. Barclays also upgraded the stock to Overweight, raising its price target to $185.00, driven by confidence in the company’s growth outlook and incremental sales drivers like its loyalty program and e-commerce operations. Meanwhile, UBS lowered its price target to $180.00, maintaining a Neutral rating, due to supply chain impacts. BMO Capital reduced its price target to $170.00, maintaining a Market Perform rating, despite Sprouts’ strong comparable sales growth and market share gains. These developments highlight the varied perspectives on Sprouts Farmers Market’s future performance amidst its recent financial successes.

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