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Coffin Kim, the Senior Vice President and Chief Forager at Sprouts Farmers Market, Inc. (NASDAQ:SFM), recently executed a series of stock transactions involving the company’s common stock. The transactions come as the company maintains a strong market position, with shares up 124% over the past year and a substantial market capitalization of $13.8 billion. On March 18, 2025, Kim acquired 1,949 shares of restricted stock units, which were granted at no cost. These units are set to vest over three years, contingent upon continued employment. According to InvestingPro, the company demonstrates robust financial health with a ’GREAT’ overall score, while analysts have recently revised earnings estimates upward for the upcoming period.
On March 20, 2025, Kim proceeded to sell 756 shares at an average price of $140.645 per share, amounting to a total transaction value of $106,327. Following these transactions, Kim’s direct ownership stands at 12,625 shares, which includes a mix of common stock and restricted stock units scheduled to vest in the coming years. With the stock trading at a P/E ratio of 37x and analyst price targets ranging from $136 to $200, investors can access comprehensive valuation analysis and 15 additional key insights through InvestingPro’s detailed research reports.
In other recent news, Sprouts Farmers Market reported impressive fourth-quarter earnings for 2024, exceeding Wall Street’s expectations with an earnings per share (EPS) of $0.79, surpassing the forecast of $0.71. The company’s revenue also exceeded projections, reaching $2 billion compared to the anticipated $1.95 billion. This strong performance was highlighted by a 61% year-over-year increase in EPS and a 17.5% rise in total sales for the quarter. Jefferies analyst Matt Fishbein responded by raising the price target for Sprouts Farmers Market shares from $119 to $139, while maintaining a Hold rating. The analyst noted the company’s solid results and management’s optimistic guidance for the upcoming periods, despite a projected slowdown in comparable sales growth later in the year.
Sprouts Farmers Market’s management provided guidance for 2025, expecting total sales growth of 10.5% to 12.5% and comparable sales growth of 4.5% to 6.5%. The company also plans to open at least 35 new stores and launch a loyalty program in the second half of the year. E-commerce sales have been a significant contributor, topping $1 billion in 2024. The company aims to further capitalize on consumer trends toward health-focused products, with plans to introduce more innovative Sprouts brand items. Sprouts Farmers Market’s expansion efforts included opening 33 new stores in 2024, contributing to robust financial performance and increased market presence.
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