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PHOENIX—Timmi Zalatoris, Chief Human Resources Officer of Sprouts Farmers Market, Inc. (NASDAQ:SFM), recently sold shares worth approximately $357,704. The transaction, which took place on March 17, 2025, involved the sale of 2,603 shares of common stock at a price of $137.42 per share. The sale comes as SFM trades near $141, having delivered an impressive 126% return over the past year. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value.
This sale was facilitated by a broker to cover the tax liabilities incurred from the vesting of performance share awards, as outlined in the company’s equity incentive plan. Following this transaction, Zalatoris retains direct ownership of 13,340 shares, which include 10,802 shares of common stock and 2,538 restricted stock units. Analysts maintain a moderate outlook on SFM, with price targets ranging from $136 to $200.
The restricted stock units are scheduled to vest in stages, with 1,065 units vesting on March 14, 2026, and the remaining 1,473 units vesting evenly over the next two years, contingent upon continued employment with the company. InvestingPro data shows SFM maintains strong financial health with a "GOOD" overall rating, supported by robust cash flows and moderate debt levels. For deeper insights into SFM’s valuation and growth prospects, access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Sprouts Farmers Market reported its fourth-quarter earnings for 2024, exceeding Wall Street’s expectations. The company achieved an earnings per share (EPS) of $0.79, surpassing the forecast of $0.71, and reported revenue of $2 billion, beating the anticipated $1.95 billion. This marks a significant 61% increase in EPS year-over-year, with total sales rising by 17.5% for the quarter. Additionally, Sprouts Farmers Market expanded its footprint by opening 33 new stores in 2024, contributing to its strong performance. Jefferies analyst Matt Fishbein raised the price target for Sprouts Farmers Market shares to $139.00 from $119.00, maintaining a Hold rating. The company’s recent financial performance, which surpassed earnings before interest and taxes (EBIT) and EPS expectations by 5% and 7% respectively, influenced this adjustment. Looking ahead, Sprouts Farmers Market has provided guidance for 2025, anticipating 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 launch a loyalty program in the second half of the year.
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