Why Sprouts Farmers (SFM) is a Top Momentum Stock for the Long-Term

Company Overview - Sprouts Farmers Market, Inc. operates in a highly fragmented grocery store industry with a unique model that emphasizes fresh produce, a diverse foods section, and a vitamin department focused on overall wellness [15] - The company is diversifying its offerings to align with changing consumer preferences for health and wellness products, including plant-based, gluten-free, keto-friendly, and grass-fed options [15] Investment Ratings - Sprouts Farmers Market is rated 2 (Buy) on the Zacks Rank, indicating a favorable investment outlook [16] - The company has a VGM Score of A, suggesting strong potential across value, growth, and momentum metrics [16] Performance Metrics - The Momentum Style Score for Sprouts Farmers Market is B, with shares having increased by 7.1% over the past four weeks [16] - For fiscal 2024, three analysts have revised their earnings estimates upwards in the last 60 days, with the Zacks Consensus Estimate rising by $0.05 to $3.12 per share [16] - The company has an average earnings surprise of 9.2%, indicating a history of exceeding earnings expectations [16] Conclusion - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, Sprouts Farmers Market is positioned as a strong candidate for investors seeking opportunities in the grocery sector [17]