Sprouts Farmers Market executive sells $65,669 in stock

Neal John Scott, the Chief Merchandising Officer of Sprouts Farmers Market, Inc. (NASDAQ:SFM), recently sold shares of the company’s stock. According to a recent SEC filing, Scott sold 471 shares of common stock on March 20, 2025, at a weighted average price of $139.43 per share. The sale amounted to a total value of approximately $65,669. The transaction comes as SFM shares have surged 128% over the past year, with analysts setting price targets as high as $200. InvestingPro analysis indicates the stock is currently trading above its Fair Value.

This transaction was a broker-assisted sale to satisfy the withholding tax liability incurred upon the vesting of restricted stock units, as per the company’s equity incentive plan documents. Following this sale, Scott retains ownership of 23,538 shares, which includes both common stock and restricted stock units. The restricted stock units are set to vest at various dates from March 2026 to March 2028, contingent upon continued employment with the company. Track insider transactions and access comprehensive analysis with InvestingPro, which offers detailed insider trading patterns and 14 additional key insights for SFM.

In other recent news, Sprouts Farmers Market reported robust financial results for the fourth quarter of 2024, surpassing Wall Street expectations. The company posted an earnings per share (EPS) of $0.79, exceeding the forecast of $0.71, and reported revenues of $2 billion, which also outpaced the anticipated $1.95 billion. Total (EPA:TTEF) sales for the quarter increased by 17.5% year-over-year, and the EPS saw a significant 61% rise compared to the previous year. Additionally, Sprouts expanded its physical presence by opening 33 new stores in 2024, and its e-commerce sales exceeded $1 billion.

Jefferies analyst Matt Fishbein responded to these results by raising the price target for Sprouts Farmers Market shares from $119 to $139, while maintaining a Hold rating. This adjustment reflects the company’s performance, which exceeded expectations for earnings before interest and taxes (EBIT) and EPS by approximately 5% and 7%, respectively. Despite this, the analyst noted that while Sprouts’ sales growth is expected to slow in the latter half of 2025, the company continues to differentiate itself from traditional grocers.

Sprouts Farmers Market’s management has projected continued growth, providing guidance for 2025 with expected total sales growth between 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. These developments underscore Sprouts Farmers Market’s strategic focus on health-conscious products and expanding its market footprint.

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