Mark Holder
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Mark Holder in Out Fox The $treet,

Sprouts Farmers Market: Opportunity At $22?

The highly competitive organic grocer market has left Sprouts Farmers Market (SFM) struggling to meet growth targets. The grocer still grew revenues over 14% in the last quarter. Comp sales grew a solid 4.1% and hit an EPS of $0.25.  

At $22, the stock gets interesting. Sprouts has an estimated 2017 EPS of $1.1. The stock isn't exactly cheap, but the technicals are likely to point to the future direction of the stock. If $22 doesn't hold, watch out. Otherwise, this could be the prime entry point for a grocer with stores in only 13 states. 

Disclosure: No position