Stacy W. Hilgendorf, who serves as vice president and controller at Sprouts Farmers Market, Inc. (NASDAQ: SFM), filed a Form 4 disclosing the sale of 228 shares of common stock on March 20, 2026. The shares changed hands at $83.9715 apiece, producing a transaction value of $19,145.
The filing indicates the disposition was executed specifically to cover the withholding tax liability that arose when restricted stock units vested, in line with the terms of the company’s equity incentive plan. After the sale, Hilgendorf’s direct holdings in Sprouts total 9,389 shares. That total comprises 5,590 shares of common stock and 3,799 restricted stock units.
Sprouts’ share price has fallen about 34% over the past six months. The security currently trades near InvestingPro’s Fair Value estimate, a point the filing notes as a possible signal of stabilization in the stock’s valuation.
On valuation metrics, Sprouts Farmers Market carries a price-to-earnings ratio of 14.85 and a market capitalization of about $7.5 billion.
Recent operational and financial results
In its fourth quarter of fiscal 2025, Sprouts reported comparable store sales that rose 1.6%, outpacing Evercore ISI’s expectation of a 0.8% increase. The company recorded earnings per share of $0.92 for the same quarter, exceeding Evercore ISI’s projection of $0.88 and the consensus estimate of $0.89.
Despite these results, several Wall Street firms trimmed their price targets for Sprouts. BMO Capital reduced its target from $90 to $70, citing concerns about affordability. UBS cut its target to $75 from $108 while retaining a Neutral rating and pointing to growth challenges. Evercore ISI lowered its target to $83 from $130. Jefferies adjusted its target down to $105 from $110 and referenced competitive pressure stemming from Amazon’s Whole Foods expansion.
These analyst adjustments reflect a cautious stance among brokers, even as Sprouts reported modest sales gains and slightly better-than-expected earnings per share for the quarter.
What the filing shows
- The sale took place on March 20, 2026: 228 shares at $83.9715 each, totaling $19,145.
- Purpose of sale: to satisfy withholding tax on vested restricted stock units under the company equity incentive plan.
- Post-transaction holdings: 9,389 shares (5,590 common shares; 3,799 restricted stock units).
While the insider sale was tied to a tax obligation rather than an open-market investment decision, it arrives against a backdrop of mixed operational results and downward revisions to price targets by multiple analysts.