Is Sprouts Farmers Market Stock Too Pricey to Buy Right Now?

Sprouts Farmers Market (SFM) has been on a steady upward trajectory, fueled by strong consumer demand for fresh and organic groceries. Shares of SFM have rallied 20.1% over the past three months, outpacing the industry’s growth of 16.2%. Image Source: Zacks Investment ResearchThe recent rally has pushed Sprouts Farmers’ valuation higher, raising concerns about whether the stock is overextended.SFM Looks OvervaluedSFM is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 37.24X, whic ...