Should You Buy Sprouts Farmers Stock at Its Current Price?

Sprouts Farmers Market, Inc. (SFM) has been on a steady upward trajectory, fueled by strong consumer demand for fresh and organic groceries. Closing at $155.25 yesterday, shares of SFM have rallied 15.3% over the past three months, outpacing the industry’s growth of 3.3%.  Image Source: Zacks Investment ResearchWell, the recent rally might have pushed Sprouts Farmers’ valuation higher. SFM currently trades at a forward 12-month price-to-earnings (P/E) multiple of 32.24X, which positions it at a premium comp ...