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Joseph L. Hurley, Chief Supply Chain Officer at Sprouts Farmers Market, Inc. (NASDAQ:SFM), has reported the sale of company stock valued at $432,048, according to a recent SEC filing. The transaction comes as SFM stock has delivered an impressive 126% return over the past year, with shares currently trading at $140.93. According to InvestingPro analysis, the company maintains a GOOD financial health score. The transaction took place on March 17, 2025, involving the sale of 3,144 shares at a price of $137.42 per share. This sale was a broker-assisted transaction to cover withholding tax liabilities from vested restricted stock units and performance share awards, as per the company’s equity incentive plan. With a market capitalization of $13.88 billion, SFM has caught analysts’ attention, with price targets ranging from $136 to $200 per share.
In a related transaction on March 15, 2025, Hurley acquired 6,919 shares of common stock at no cost, following the achievement of performance goals set for 2024. After these transactions, Hurley holds a total of 14,959 shares, which includes 12,421 shares of common stock and 2,538 restricted stock units. For deeper insights into SFM’s valuation metrics and 15 additional key ProTips, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Sprouts Farmers Market has reported impressive 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 $2 billion in revenue, above the anticipated $1.95 billion. This marks a 61% increase in EPS and a 17.5% rise in total sales year-over-year. Additionally, Sprouts Farmers Market expanded its footprint with 33 new stores and saw its e-commerce sales exceed $1 billion.
Jefferies analyst Matt Fishbein has raised the price target for Sprouts Farmers Market shares to $139, maintaining a Hold rating. This follows the company’s strong financial performance, which outpaced expectations for fourth-quarter earnings before interest and taxes (EBIT) and EPS by approximately 5% and 7%, respectively. Despite the positive results, the company anticipates a slowdown in comparable store sales growth to flat or low single-digit percentages in the latter half of 2025.
Sprouts Farmers Market’s management provided 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 also plans to open at least 35 new stores and launch a loyalty program in the second half of the year. Despite the anticipation of decelerating growth, the company’s strong results and optimistic guidance have garnered attention from analysts and investors.
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