Sprouts Farmers Market: The Momentum Isn't Over Yet [Seeking Alpha]
Sprouts Farmers Market, Inc. (SFM)
NASDAQ:AMEX Investor Relations:
investors.sprouts.com
Company Research
Source: Seeking Alpha
Play 10min Summary In my view, Sprouts' 126% share price increase since January is supported by strong fundamentals, including revenue growth, better margins, share buybacks, and a significant debt reduction in Q2. The company has a solid expansion pipeline with over 110 approved new stores, offsetting risks of delayed openings in 2024. Despite valuation metrics signaling overvaluation, and technical indicators suggesting overbuying levels, the stock's price gains are backed by strong fundamentals and future growth prospects. SG&A expenses are rising, but much of the increase is due to strategic investments tied to the company's growth. While insider selling and overbuying activity pose risks, the fundamentals support the significant share price increase, making it a momentum play. Therefore, I maintain a Buy rating for this stock. sbayram/E+ via Getty Images Sprouts Farmers Market, Inc. ( NASDAQ: SFM ) has seen its share price increase by over 120% since January th
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SFM
News
- Sprouts Farmers Market: Terrific Growth Pace As This Grocer Builds Out More Compact Store Formats [Seeking Alpha]Seeking Alpha
- Sprouts Farmers Market to Report Third Quarter Earnings on October 30, 2024Business Wire
- Sprouts Farmers Trades Near 52-week High: Should You Buy SFM? [Yahoo! Finance]Yahoo! Finance
- Sprouts Farmers Market, Inc. (NASDAQ: SFM) is now covered by analysts at Melius Research. They set a "hold" rating and a $105.00 price target on the stock.MarketBeat
- Natural Grocers® Voted "Best Supermarket" in Readers' Choice Awards Presented by Newsweek® [Yahoo! Finance]Yahoo! Finance
SFM
Earnings
- 7/29/24 - Beat
SFM
Sec Filings
- 9/10/24 - Form 4
- 9/9/24 - Form 4
- 9/6/24 - Form 4
- SFM's page on the SEC website