Is Sprouts Farmers Market (SFM) A Smart Long-Term Buy?
Appleseed Fund, an investment management firm, published its first-quarter 2021 investor letter – a copy of which can be downloaded here. A return of 14.49% was recorded by the fund for the Q1 of 2021, outperforming its MSCI World benchmark that delivered a 4.92% return for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Appleseed Fund, in its Q1 2021 investor letter, mentioned Sprouts Farmers Market, Inc. (NASDAQ: SFM), and shared their insights on the company. Sprouts Farmers Market, Inc. is a Phoenix, Arizona-based supermarket company that currently has a $3 billion market capitalization. Since the beginning of the year, SFM delivered a 29.23% return, while its 12-month gains are up by 4.91%. As of May 26, 2021, the stock closed at $25.76 per share.