Monday, September 23, 2013

Sold Sprouts Family Market

I took my profits in Sprouts Family Market, Inc. (Ticker: SFM) today at $43.56 generating a net gain of 142%. I received an IPO allocation in Sprouts Family Market at the price of $18 per share on 8/1/13. I believe in this concept, but I don’t like the current valuation. It’ll probably continue to head higher based on the momentum, but I’m out. It’s estimated to grow earnings around + 20%, but it’s currently trading at over 60 times 2015 estimated earnings. This holding made up less than 1% of my portfolio so it’s a nice gain, but the overall impact is actually small.


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