Reported 1 day ago
The FPA Queens Road Small Cap Value Fund's recent letter indicates that Sprouts Farmers Market, Inc. (SFM) has shown strong performance with an impressive annual return of 47.23%, despite a one-month decline of 12.38%. The fund praises SFM for its rapid expansion and solid operating margins, asserting that while the stock's price has risen quickly, it remains within a reasonable valuation for a high-quality company. However, the fund has started trimming its position as it believes other investment opportunities may provide greater potential.
Source: YAHOO