Sprouts Farmers Market: Terrific Growth Pace As This Grocer Builds Out More Compact Store Formats [Seeking Alpha]
Sprouts Farmers Market, Inc. (SFM)
NASDAQ:AMEX Investor Relations:
investors.sprouts.com
Company Research
Source: Seeking Alpha
Play 10min Summary I'm initiating Sprouts Farmers Market with a buy rating. The company is experiencing rapid growth, with shares more than doubling year-to-date. The company's sales are surging, driven by new store openings and strong same-store sales growth, outperforming Street expectations. The company is planning to build out new compact store formats, which are expected to be a further tailwind to margins. Valuation is expensive at ~30x forward EPS and ~18x forward EBIT, but justified with the company's aggressive growth plans. krblokhin In the wake of Whole Foods' ascension from upstart, farm-fresh grocer to national behemoth acquired by Amazon, one more company is following in its wake: Sprouts Farmers Market ( NASDAQ: SFM ). The Phoenix-based chain, which now has just over 400 stores mostly on the West Coast, is rolling out a national expansion strategy, striking while its brand is still hot. Wall Street has responded well to the company's fantastic growth
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SFM
News
- Sprouts Farmers Market: The Momentum Isn't Over Yet [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