Blog: Dean BestHealthy demand for Sprouts as speciality US grocer makes debut

Dean Best | 2 August 2013

Sprouts Farmers Market's debut on the US stock market demonstrated demand among investors for companies in the health and wellness and natural categories shows no sign of abating.

Shares in Sprouts, which has over 160 stores in eight US states, jumped to more than double their listing price in their first day of trading yesterday (1 August). The stock closed at US$40.11, up sharply from the IPO price of $18 a share.

Sprouts' shares have eased back a touch today, standing at $39.35 at 12:21 ET. However, the early success of the listing indicates the market's appetite for companies seeking to meet US demand of natural and organic food.

Fairway Group Holdings, the owner of New York-based Fairway Market, listed in April and its shares are 45% higher than on debut.

Whole Foods Market is the big beast in the category and, although its shares dipped this week amid concerns about slowing sales, its stock is up almost 20% so far this year.

Keep your eye on our pages next week for a look at the sector.


Lack of healthy options at UK attractions points to opportunity

A new report by the Soil Association has highlighted a lack of healthy lunch options at the cafes of some of the UK's most prestigious visitor attractions....


just-food hits the UK's airwaves

The BBC turned to just-food today for insight on the price dispute between Tesco and Unilever....


Ranjit Boparan buys another UK business out of administration

Just weeks after buying UK turkey processor Bernard Matthews from administration, food tycoon Ranjit Boparan has struck a similar deal....

just-food homepage

Forgot your password?