Sprouts Farmers Market chief strategy officer sells shares for $698,780

David McGlinchey, the Chief Strategy Officer at Sprouts Farmers Market, Inc. (NASDAQ:SFM), recently executed a significant stock transaction as reported in a recent SEC filing. On March 17, McGlinchey sold 5,085 shares of Sprouts Farmers Market common stock at a price of $137.42 per share, totaling approximately $698,780. The transaction comes as Sprouts has delivered impressive returns, with the stock up 126% over the past year according to InvestingPro data.

This sale was part of a broker-assisted transaction designed to cover the tax liabilities incurred upon the vesting of restricted stock units and performance share awards, as per the company’s equity incentive plan. Following this transaction, McGlinchey holds 31,923 shares, which include 29,221 shares of common stock and 2,702 restricted stock units. With Sprouts currently trading above its Fair Value according to InvestingPro analysis, and analyst targets ranging up to $200 per share, investors seeking deeper insights can access comprehensive valuation metrics and 15+ additional ProTips through the platform’s detailed research reports.

Earlier, on March 15, McGlinchey acquired 12,001 shares of common stock at no cost, following the vesting of performance share awards based on the company’s performance goals for 2024. The company maintains strong financial health with a ’GOOD’ overall score from InvestingPro, supported by robust revenue growth of 12.9% in the last twelve months.

In other recent news, Sprouts Farmers Market has reported impressive financial results for the fourth quarter of 2024, exceeding Wall Street’s expectations. The company achieved an earnings per share (EPS) of $0.79, surpassing the forecasted $0.71, and reported revenue of $2 billion, higher than the anticipated $1.95 billion. These results mark a 61% increase in EPS year-over-year and a 17.5% rise in total sales. Jefferies analyst Matt Fishbein has raised the price target for Sprouts Farmers Market shares to $139, maintaining a Hold rating on the stock. This adjustment comes after Sprouts’ financial performance exceeded expectations, with comparable store sales growth accelerating to 11.5%.

Sprouts Farmers Market’s management has provided optimistic guidance for 2025, projecting total sales growth between 10.5% and 12.5% and comparable sales growth of 4.5% to 6.5%. The company plans to open at least 35 new stores and launch a loyalty program in the second half of the year. Additionally, Sprouts expanded its footprint with 33 new stores in 2024, contributing to e-commerce sales surpassing $1 billion. Despite the positive earnings report, there are some concerns about future growth prospects, as management expects comparable store sales growth to slow down in the latter half of 2025.

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