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Coffin Kim, the Senior Vice President and Chief Forager at Sprouts Farmers Market Inc. (NASDAQ:SFM), a $13.9 billion market cap company that has delivered an impressive 126% return over the past year, recently sold shares valued at approximately $557,925. The transaction, which took place on March 17, 2025, involved the sale of 4,060 shares at a price of $137.42 each. This sale was conducted as a broker-assisted transaction to cover the withholding tax liability from the vesting of restricted stock units and performance share awards, according to the company’s equity incentive plan.
Earlier, on March 15, 2025, Kim acquired 9,992 shares as performance share awards vested, following the achievement of the company’s 2024 performance goals. This acquisition did not involve any monetary transaction, as the shares were awarded based on performance criteria set by the company’s compensation committee. According to InvestingPro, Sprouts has maintained strong momentum with revenue growth of 12.9% in the last twelve months.
Following these transactions, Kim now holds 11,432 shares, which include 8,875 shares of common stock and 2,557 restricted stock units. The restricted stock units are scheduled to vest in the coming years, contingent upon continued employment with the company. With analysts setting price targets between $136 and $200, investors can access detailed valuation analysis and 15 additional key insights through InvestingPro’s comprehensive research report.
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 forecasted $0.71, and reported revenues of $2 billion, which also exceeded the anticipated $1.95 billion. This marks a significant 61% increase in EPS year-over-year and a 17.5% rise in total sales for the quarter. In addition to these financial achievements, Sprouts expanded its footprint by opening 33 new stores in 2024 and saw its e-commerce sales surpass $1 billion. Analyst Matt Fishbein from Jefferies raised the price target for Sprouts Farmers Market shares to $139, maintaining a Hold rating, following the company’s strong financial performance. Despite these positive developments, Sprouts Farmers Market has projected that comparable store sales growth will slow to flat or low single-digit percentages in the latter half of 2025. This anticipation of decelerating growth has been noted by analysts as a point of caution for investors.
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