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PHOENIX—Nicholas Konat, President and Chief Operating Officer of Sprouts Farmers Market, Inc. (NASDAQ:SFM), recently sold a portion of his holdings in the company. The transaction comes as Sprouts shows remarkable momentum, with the stock delivering a 128% return over the past year according to InvestingPro data. According to a recent SEC filing, Konat sold 531 shares of common stock on March 20, 2025, at an average price of $139.43 per share, totaling approximately $74,035. The company, currently valued at $14 billion, maintains a GOOD financial health score of 3.0 on InvestingPro, with 11 analysts recently revising earnings estimates upward.
The transaction was a broker-assisted sale to cover withholding tax liabilities from the vesting of restricted stock units, as per the company’s equity incentive plan. This type of sale is not considered a discretionary trade by Konat. Following the transaction, he retains ownership of 66,958 shares, including 31,667 shares of common stock and 35,291 restricted stock units.
These restricted stock units are scheduled to vest at various dates, with the majority set to vest on March 21, 2025, contingent upon continued employment.
In other recent news, Sprouts Farmers Market reported robust financial results for the fourth quarter of 2024, surpassing Wall Street’s expectations. The company achieved an earnings per share (EPS) of $0.79, exceeding the forecast of $0.71, and reported revenue of $2 billion, above the anticipated $1.95 billion. This marks a 61% increase in EPS year-over-year and a 17.5% rise in total sales for the quarter. The company also expanded its footprint by opening 33 new stores in 2024, contributing to its impressive performance. Analysts at Jefferies raised the price target for Sprouts Farmers Market to $139 from $119, maintaining a Hold rating, following the company’s strong financial performance. The analyst noted that while Sprouts Farmers Market continues to differentiate itself from traditional grocers, projected slowdown in comparable store sales growth in the latter half of 2025 tempers enthusiasm. Sprouts Farmers Market’s management has provided guidance for 2025, expecting total sales growth of 10.5% to 12.5% and plans to open at least 35 new stores.
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