Reported 22 days ago
Sprouts Farmers Market Inc. has seen its shares more than double this year as the demand for natural and organic food rises among affluent consumers. Analysts predict further growth for the grocery chain, with Evercore ISI upgrading its stock rating, highlighting Sprouts' unique offerings and strong customer loyalty despite challenges in the grocery retail sector. The company is well-positioned to benefit from the ongoing healthy-eating wave, with an optimistic 12-month price target of $120 suggesting potential for more gains.
Source: YAHOO