Blog: Healthy 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.
Today (23 December) is just-food's last day before closing for Christmas. We'll return, raring to go on Tuesday 3 January - but of course there's been plenty of top-notch content that has gone live in...
The plethora of food manufacturing associations in the UK has been argued by some to be an impediment to the industry coming to a coherent position on the aftermath of Brexit and on what the sector sh...
An update on Amazon's plans for the grocery sector. The usually reticent retailer has this week poured cold water on claims it has plans for 2,000 physical grocery stores....
- just-food 2017 Survey - your thoughts on growth
- 2017 - what will shape the UK food sector?
- Food market in 2017: need-to-know US trends
- Food market in 2017: big foodservice trends
- Could BRF's Turkey move pave way for OneFoods IPO?
- Ferrero insists Nutella not pulled from shelves
- Dairy giant Muller appoints new CFO, COO
- UK's Bakkavor plays down IPO "speculation"
- Kellogg announces new "nutritious" line-up
- PepsiCo launches Walkers Mediterranean in UK