Why Is Billionaire Philippe Laffont Buying Sprouts Farmers Market Stock?

Sprouts has displayed steady growth rates. Over the past 10 years, its revenues and earnings have clocked CAGRs of 9.80% and 15.79%, respectively. It may not be spectacular, but the company has grown sustainably, as evidenced by the manageable amount of debt on its books.What led to this rise, and how come it was able to convince a tech native like Laffont to buy its shares? Let's find out.Valued at a market cap of $6.6 billion, the SFM stock is down 14% on a year-to-date (YTD) basis. Notably, Laffont bough ...