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Stockchase Insights Sprouts Farmers Market, Inc. SFM-Q BUY ON WEAKNESS Jul 10, 2024

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

SFM has had a nice run, up 66% year-to-date and 113% on a one-year basis. Forward estimates are calling for high single-digit to low double-digit growth on both sales and earnings, and its free cash flow is strong. Profit margins are stable, and its forward P/E of 25X is somewhat high, but it has been beating earnings estimates nicely over the past few years. We continue to like its momentum, but given its multiple expansion, we might expect a pullback or consolidation at some point.
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Dec 31/20, Up 24.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with SFM has achieved its objective of $25. We now recommend covering 50% of the position and trailing up the stop to $20. This would all but guarantee a minimum return of exceeding 12%.

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Dec 31/20, Up 43.2%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with SFM is progressing well. We now recommend trailing up the stop (from $20) to $26.

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Dec 31/20, Up 61.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with SFM is progressing well. We now recommend trailing up the stop (from $26.00) to $28.50 at this time.

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Dec 31/20, Up 41.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with SFM has triggered its stop at $28.50. To remain disciplined we recommend covering the position at this time.

BUY

They're good at what they do, overcoming his concerns of food inflation. It has pulled back to a good price at 12x PE.

BUY

It's profitable, has a new and better management team, is growing and yet sells at only 18x PE.

BUY

Excellent company. Would recommend buying.

BUY

Is up 103% this year. They reported late July a strong beat and raised guidance--tremendous same-store sales drove a big earnings beat.

COMMENT

It's -19% in the last week, mostly after strong numbers last Thursday and analysts raised estimates. But their full-year forecast was low, suggesting slowing growth this year. Also, this momentum stock went up too fast.

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