Nucor earnings beat by $0.08, revenue fell short of estimates
Joseph L. Hurley, Chief Supply Chain Officer of Sprouts Farmers Market, Inc. (NASDAQ:SFM), recently sold 317 shares of the company’s common stock. The shares were sold at an average price of $139.43, totaling approximately $44,198. The transaction comes as SFM shares have surged 128% over the past year, with the company now commanding a market capitalization of $14 billion. According to InvestingPro data, analyst price targets range from $136 to $200. This transaction, which took place on March 20, was a broker-assisted sale to cover tax liabilities from the vesting of restricted stock units, as required by the company’s equity incentive plan. Following this sale, Hurley holds 16,585 shares, including restricted stock units that will vest over the next few years, contingent on continued employment. With 11 analysts revising earnings upward and a strong financial health score, InvestingPro offers detailed insights through its comprehensive Pro Research Report, available for over 1,400 US stocks including SFM.
In other recent news, Sprouts Farmers Market reported its fourth-quarter earnings for 2024, exceeding Wall Street expectations with an earnings per share (EPS) of $0.79, surpassing the forecast of $0.71. The company’s revenue also surpassed projections, reaching $2 billion against the anticipated $1.95 billion. This marks a 17.5% increase in total sales year-over-year, attributed to a focus on health-conscious products and a unique product assortment. Sprouts Farmers Market’s management has provided guidance for 2025, projecting total sales growth of 10.5% to 12.5% and comparable sales growth of 4.5% to 6.5%. The company plans to open at least 35 new stores and is launching a loyalty program in the second half of the year. Jefferies analyst Matt Fishbein recently raised the price target for Sprouts Farmers Market to $139 from $119, maintaining a Hold rating on the stock. This adjustment follows the company’s financial performance, which surpassed fourth-quarter earnings expectations. However, the analyst noted that comparable store sales growth is expected to slow in the second half of 2025. Despite the positive outlook, the anticipated deceleration in sales growth may cause caution among investors.
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