Sprouts Farmers Market, based in Phoenix, Arizona, operates around 407 healthy grocery stores and employs 32,000 people, offering a variety of organic and specialty products since its IPO in 2013. The company features an open layout with fresh produce at its core and sells both perishable and non-perishable items across 23 states.
SFM has been in the news recently: Goldman Sachs has initiated coverage of StubHub Holdings with a Buy rating and a 12-month price target of $46. In other market news, Warner Bros. Discovery rejected a $20 per share buyout offer from Paramount Skydance, while Bloom Energy experienced a 26% increase after a $5 billion partnership.
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