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Timmi Zalatoris, Chief Human Resources Officer at Sprouts Farmers Market, Inc. (NASDAQ:SFM), recently sold shares in the company, according to a filing with the Securities and Exchange Commission. On March 20, Zalatoris sold 312 shares of common stock at a weighted average price of $139.43 per share, totaling $43,501. The transaction comes as SFM shares have delivered an impressive 128% return over the past year, with the stock currently trading at $142.36. According to InvestingPro analysis, the company appears to be trading above its Fair Value, with 11 analysts recently revising their earnings expectations upward.
The sale was a broker-assisted transaction intended to satisfy the withholding tax liability incurred upon the vesting of restricted stock units, as stipulated by the company’s equity incentive plan. This transaction was not a discretionary trade by Zalatoris. After this sale, Zalatoris holds 13,263 shares, which include both common stock and restricted stock units. With a market capitalization of $14 billion and a strong financial health rating from InvestingPro, Sprouts continues to demonstrate robust operational performance. Discover 12 additional exclusive insights and detailed valuation metrics with InvestingPro’s comprehensive research report.
In other recent news, Sprouts Farmers Market reported its fourth-quarter earnings for 2024, surpassing Wall Street’s expectations with an earnings per share (EPS) of $0.79, compared to the forecast of $0.71. The company also exceeded revenue projections, reporting $2 billion against the anticipated $1.95 billion. This performance marks a 61% increase in EPS year-over-year and a 17.5% rise in total sales for the quarter. Sprouts Farmers Market’s management has provided optimistic guidance for the first quarter and the full year of 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.
Additionally, Jefferies analyst Matt Fishbein raised the price target for Sprouts Farmers Market shares to $139 from $119, while maintaining a Hold rating on the stock. This adjustment follows the company’s financial performance, which surpassed expectations in earnings before interest and taxes (EBIT) and EPS. Fishbein noted that while Sprouts Farmers Market continues to stand out from traditional grocers, the anticipated slowdown in comparable sales growth later in 2025 tempers enthusiasm about the stock’s valuation. Despite these concerns, the company’s strong results and management’s guidance have been well-received by analysts and investors alike.
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