Sprouts Farmers Market’s chief HR officer sells $250k in stock

PHOENIX—Timmi Zalatoris, the Chief Human Resources Officer at Sprouts Farmers Market, Inc. (NASDAQ:SFM), recently executed significant stock transactions, according to a recent SEC filing. The transactions come as the company’s stock has delivered an impressive 117% return over the past year, according to InvestingPro data.

On March 14 and March 17, Zalatoris sold a total of 1,840 shares of Sprouts Farmers Market common stock, garnering approximately $250,243. The sale prices ranged from $134.97 to $137.42 per share. These transactions were conducted under a pre-arranged 10b5-1 trading plan. The sales occurred as the company trades at relatively high valuation multiples, with a P/E ratio of 36.3 and elevated EBITDA multiple.

In addition to the sales, Zalatoris acquired 6,888 shares on March 15 as part of a performance-based award. These shares were granted at no cost following the achievement of performance goals set by the company’s compensation committee.

After these transactions, Zalatoris holds 15,943 shares directly, including 12,668 shares of common stock and 3,275 restricted stock units.

In other recent news, Sprouts Farmers Market has reported impressive financial results for the fourth quarter of 2024, exceeding Wall Street’s expectations. The company posted an earnings per share (EPS) of $0.79, surpassing the forecasted $0.71, and reported revenue of $2 billion, above the anticipated $1.95 billion. This reflects a 17.5% increase in total sales year-over-year, with a notable 61% rise in EPS. Sprouts Farmers Market’s management has provided guidance for 2025 that anticipates total sales growth between 10.5% and 12.5%, with comparable store sales expected to grow by 4.5% to 6.5%. The company plans to open at least 35 new stores and launch a loyalty program in the second half of the year.

Jefferies analyst Matt Fishbein has raised the price target for Sprouts Farmers Market shares to $139.00 from $119.00 while maintaining a Hold rating on the stock. This adjustment follows the company’s strong financial performance, which surpassed earnings expectations. However, Fishbein noted that while the company continues to differentiate itself from traditional grocers, the anticipated slowdown in comparable sales growth later in 2025 tempers enthusiasm about the stock’s valuation. Despite these concerns, Sprouts Farmers Market’s management remains optimistic about future growth, emphasizing their focus on health-conscious products and a differentiated product assortment.

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