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Coffin Kim, Senior Vice President and Chief Forager at Sprouts Farmers Market, Inc. (NASDAQ:SFM), recently sold shares of the company’s common stock. According to a filing with the Securities and Exchange Commission, Kim disposed of 313 shares on March 20, 2025, at a weighted average price of approximately $139.43 per share. The total value of the transaction was $43,640.
The sale was a broker-assisted transaction intended to cover the withholding tax liability incurred upon the vesting of restricted stock units, as required by Sprouts Farmers Market’s equity incentive plan. Following this transaction, Kim holds 12,312 shares, which include 7,806 shares of common stock and 4,506 restricted stock units. These units are scheduled to vest over the next three years, contingent upon continued employment. With analyst price targets ranging from $136 to $200, investors seeking deeper insights can access comprehensive analysis and 14 additional key tips through InvestingPro’s detailed research reports.
In other recent news, Sprouts Farmers Market reported impressive fourth-quarter earnings for 2024, exceeding Wall Street expectations. The company achieved an earnings per share (EPS) of $0.79, surpassing the projected $0.71, and reported revenues of $2 billion, above the anticipated $1.95 billion. This performance marks a 61% year-over-year increase in EPS and a 17.5% rise in total sales for the quarter. Additionally, Sprouts Farmers Market expanded its presence by opening 33 new stores in 2024 and saw its e-commerce sales exceed $1 billion. Looking ahead, the company has provided guidance for 2025, forecasting total sales growth between 10.5% and 12.5% and comparable sales growth of 4.5% to 6.5%. Analyst Matt Fishbein from Jefferies raised the price target for Sprouts Farmers Market shares to $139.00 from $119.00, maintaining a Hold rating. The analyst noted the company’s solid results and management’s optimistic guidance, though he expressed caution regarding potential deceleration in growth later in the year. These developments highlight Sprouts Farmers Market’s strong financial performance and strategic initiatives aimed at sustaining future growth.
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