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Dustin Hamilton, Chief Stores Officer at Sprouts Farmers Market, Inc. (NASDAQ:SFM), recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Hamilton disposed of 1,819 shares of common stock on March 17, 2025, at a price of $137.42 per share. This transaction amounted to a total value of $249,966. The sale comes as Sprouts, now valued at $13.88 billion, has seen its stock surge 126% over the past year, according to InvestingPro data.
The sale was executed as a broker-assisted transaction to cover the withholding tax liability arising from the vesting of restricted stock units, as required by the company’s equity incentive plan. Post-transaction, Hamilton retains direct ownership of 23,432 shares, including both common stock and restricted stock units that are scheduled to vest over the coming years. InvestingPro analysis indicates the company maintains a "GOOD" financial health score, with 15+ additional exclusive insights available to subscribers, including detailed valuations and growth metrics.
In other recent news, Sprouts Farmers Market reported robust financial performance for the fourth quarter of 2024, exceeding Wall Street expectations. The company achieved an earnings per share (EPS) of $0.79, surpassing the projected $0.71, alongside revenue of $2 billion, which outpaced the anticipated $1.95 billion. Sprouts Farmers Market also saw a 17.5% year-over-year increase in total sales, driven by a focus on health-conscious products and an expanded footprint with 33 new stores. In addition, e-commerce sales surpassed $1 billion, highlighting the company’s growing online presence. Looking forward, Sprouts has provided optimistic guidance for 2025, projecting total sales growth of 10.5% to 12.5% and comparable sales growth of 4.5% to 6.5%. Jefferies analyst Matt Fishbein recently raised the price target for Sprouts Farmers Market shares to $139, maintaining a Hold rating. This adjustment comes after the company’s fourth-quarter performance exceeded earnings before interest and taxes (EBIT) and EPS expectations by approximately 5% and 7%, respectively. Sprouts Farmers Market’s management anticipates a slowdown in comparable store sales growth in the latter half of 2025, after double-digit growth in the first quarter.
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