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PHOENIX—Timmi Zalatoris, the Chief Human Resources Officer at Sprouts Farmers Market, Inc. (NASDAQ:SFM), recently executed a series of transactions involving the company’s stock, according to a filing with the Securities and Exchange Commission. The transactions come as the grocery retailer, now valued at $15.3 billion, has seen its shares surge 144% over the past year.
On April 1, Zalatoris sold 2,000 shares of Sprouts Farmers Market common stock at a weighted average price of $151.337 per share, totaling approximately $302,674. This sale was conducted under a Rule 10b5-1 trading plan, which allows insiders to sell a predetermined number of shares at a set time to avoid any accusations of insider trading.
In addition to the sale, Zalatoris also acquired 2,000 shares through the exercise of stock options at a price of $31.47 per share, amounting to a total value of $62,940. Following these transactions, Zalatoris holds 13,263 shares directly, which include both common stock and restricted stock units.
These transactions reflect Zalatoris’s ongoing management of her equity position in the company. Sprouts Farmers Market continues to be a prominent player in the grocery retail sector, with its stock performance closely watched by investors.
In other recent news, Sprouts Farmers Market reported its fourth-quarter earnings for 2024, surpassing Wall Street’s expectations with an earnings per share (EPS) of $0.79, compared to the forecast of $0.71. The company also exceeded revenue projections, reporting $2 billion against the anticipated $1.95 billion. Jefferies analyst Matt Fishbein increased 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 Sprouts’ recent financial performance, which surpassed earnings expectations.
Additionally, Sprouts Farmers Market’s management has provided guidance for the first quarter and the full year of 2025 that exceeds consensus estimates. However, they have indicated that comparable store sales growth is expected to slow down to flat or low single-digit percentages in the second half of 2025. RBC Capital Markets maintained their Sector Perform rating and a $160.00 price target for Sprouts Farmers Market stock, noting the company’s sustained top-line growth despite macroeconomic pressures.
UBS analysts maintained a Neutral rating for Sprouts Farmers Market with a steady price target of $195.00, highlighting the company’s commitment to enhancing the shopping experience. Recent developments also include Sprouts’ expansion with 33 new stores in 2024 and e-commerce sales topping $1 billion. Investors will continue to monitor Sprouts Farmers Market’s performance, particularly in light of its strategic initiatives and the potential for the company to meet or exceed its longer-term financial goals.
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