Sprouts Farmers Market, Inc. (NASDAQ:SFM) is one of the best stocks to buy with over 50% upside potential. On October 31, Goldman Sachs analyst Leah Jordan reduced the price target on Sprouts Farmers Market, Inc. (NASDAQ:SFM) to $152 from $178, setting a Buy rating.
The rating came after Sprouts Farmers Market, Inc. reported its fiscal Q3 earnings highlights on October 29, with net sales for the quarter totaling $2.2 billion and reflecting a 13% growth from the prior year period. Comparable store sales experienced a 5.9% growth, while diluted earnings per share reached $1.22, compared to $0.91 in the same period last year.
Sprouts Farmers Market, Inc. opened 9 new stores in the quarter, resulting in 464 stores in 24 US states as of September 28.
Sprouts Farmers Market, Inc. is a specialty natural and organic food retailer that offers a specialty grocery experience. Its products are made of organic, plant-based, gluten-free, and similar lifestyle-friendly ingredients. The company operates around 407 stores in 23 states.
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This article is originally published at Insider Monkey.
