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Here's Why Sprouts Farmers (SFM) is a Strong Growth Stock

Zacks Equity Research
·2 分鐘文章

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why This 1 Growth Stock Should Be On Your Watchlist

Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

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Sprouts Farmers (SFM)

Sprouts Farmers Market, Inc., which operates in a highly fragmented grocery store industry, has a unique model that features fresh produce, foods section, and a vitamin department focused on overall wellness. Moreover, the company has been diversifying its offerings to meet changing preferences of consumers, who are looking for more health and wellness products. These products are generally plant-based, gluten-free, keto-friendly, and grass-fed. The company has been focusing on natural and organic food, which is one of the fastest growing segments in the industry.

SFM boasts a Growth Style Score of A and VGM Score of B, and holds a Zacks Rank #1 (Strong Buy) rating. Its bottom-line is projected to rise 9.5% year-over-year for 2024, while Wall Street anticipates its top line to improve by 8%.

Eight analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.16 to $3.11 per share. SFM also boasts an average earnings surprise of 9.2%.

On a historic basis, Sprouts Farmers has generated cash flow growth of 14.9%, and is expected to report cash flow expansion of 10.4% this year.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, SFM should be on investors' short lists.

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Sprouts Farmers Market, Inc. (SFM) : Free Stock Analysis Report

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Zacks Investment Research