Sprouts Farmers Market: Coming Back to Earth (Ticker: SFM)

Plus: my upcoming schedule, portfolio update, and the best ways to access Emerging Moats Research

Today, below the paywall, I wrote my updated thoughts on Sprouts Farmers Market (SFM). Shares are in a 54% drawdown this year, with a 20% flush after Q3 earnings earlier this month.

Here is the upcoming schedule for Emerging Moats Research:

You can find my first full length research report on Gambling.com Group here.

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Ok, without further ado, Sprouts Farmers Market.

Slowing comp sales growth

Sprouts Farmers Market is an old flame. I originally found the stock through a screener back in 2019, when shares were around $15 - $20. My initial purchase price was just above $20.

Since then, it has ten-bagged to $170 before falling back to a price of $80 as of this writing. But is it cheap today? Or has something fundamentally changed about this business?