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Jack Sinclair, the Chief Executive Officer of Sprouts Farmers Market, Inc. (NASDAQ:SFM), recently sold shares of the company valued at approximately $979,669, according to a recent SEC filing. The transaction comes as the stock trades near its 52-week high of $170.41, having delivered an impressive 240% return over the past year. The transactions occurred over two days, with Sinclair selling a total of 5,830 shares. On February 5, 2025, Sinclair sold 2,915 shares at a weighted average price of $167.54 per share. The following day, he sold another 2,915 shares at a weighted average price of $168.54 per share.
These sales were executed under a Rule 10b5-1 trading plan, a common strategy that allows company insiders to set up a predetermined plan for selling stocks. Following these transactions, Sinclair holds 140,754 shares of Sprouts Farmers Market, comprising both common stock and restricted stock units, which are set to vest over the coming years. For deeper insights into SFM’s valuation and comprehensive analysis, including 17 additional ProTips and detailed financial metrics, visit InvestingPro.
In other recent news, Sprouts Farmers Market has been making significant strides in its financial performance, as noted by CFRA analyst Arun Sundaram. The company’s price target was recently raised to $177 from the prior $136, maintaining a Hold rating. Sundaram highlighted the company’s impressive growth, with shares soaring over 200% in the past year.
Sprouts Farmers Market’s third quarter of 2024 saw a year-over-year increase of 8.4% in comparable sales, marking a significant improvement from the 3.4% growth in 2023 and 2.2% in 2022. The company’s operating margins are projected to rise to 6.5% in 2024, up from 5.8% in 2023 and 5.6% in 2022.
Additionally, Sprouts Farmers Market is ambitiously expanding its store count, targeting a 10% annual growth in units. This strategy equates to roughly 45-50 new stores each year. The company’s long-term objective is to exceed 1,000 stores.
The revised 12-month price target of $177 is based on 35 times CFRA’s newly initiated 2026 earnings per share (EPS) estimate of $5.07. The firm’s EPS projections for 2025 have been adjusted to $4.35 from $4.52, and the 2024 estimate remains unchanged at $3.69. Sundaram anticipates that Sprouts Farmers Market’s EPS will grow by approximately 15%-20% annually over the next two years, outpacing the consensus estimates of 10%-15%. These are all recent developments within the company.
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