Sprouts Farmers Market officer sells $2.85 million in stock

Published 17/05/2025, 01:24
Sprouts Farmers Market officer sells $2.85 million in stock

Neal John Scott, the Chief Merchandising Officer at Sprouts Farmers Market Inc. (NASDAQ:SFM), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Scott sold a total of 17,721 shares of common stock on May 15, 2025. The transactions were executed at prices ranging from $160.8762 to $160.905 per share, amounting to a total value of approximately $2.85 million. The sale comes as SFM’s stock has delivered an impressive 114% return over the past year, with the company’s market capitalization now reaching $16.47 billion.

In addition to these sales, Scott exercised stock options to acquire 8,361 shares at a price of $32.95 per share. Following these transactions, Scott’s direct ownership of Sprouts Farmers Market shares stands at 14,178 shares.

The transactions reflect Scott’s ongoing management of his equity in the company, which remains a key player in the natural and organic food retail market. According to InvestingPro analysis, SFM’s robust 15.5% revenue growth and strong financial health score indicate solid business fundamentals, though current market prices suggest the stock is trading above its Fair Value.

In other recent news, Sprouts Farmers Market reported a strong performance for Q1 2025, surpassing earnings expectations with an earnings per share (EPS) of $1.81, compared to the forecasted $1.54. Revenue for the quarter was in line with projections, totaling $2.2 billion, marking a 19% increase year-over-year. The company demonstrated significant growth in comparable store sales and announced plans to open at least 35 new stores within the year. Analyst Arun Sundaram from CFRA upgraded Sprouts Farmers Market’s stock to a Buy, raising the price target to $205, citing the company’s robust sales growth and margin expansion. Sundaram also highlighted the potential impact of the company’s new loyalty program and self-distribution efforts in meat and seafood on future sales and margins. Sprouts Farmers Market’s strategic focus on health and wellness, along with its unique product offerings, continues to resonate with consumers, contributing to its strong market position. The company remains optimistic about its growth prospects, projecting total sales growth of 12-14% for the full year 2025. Additionally, Sprouts is actively working on enhancing its supply chain capabilities, which is expected to further improve operational efficiencies.

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