Was Jim Cramer Right About Sprouts Farmers Market, Inc. (SFM)?

We recently published a list of Jim Cramer Nailed These 11 Stock Predictions. In this article, we are going to take a look at where Sprouts Farmers Market, Inc. (NASDAQ:SFM) stands against other stocks that Jim Cramer discusses.

Back in 2024, on May 17, a caller asked about Sprouts Farmers Market, Inc. (NASDAQ:SFM), a specialty grocery chain. Cramer was clearly impressed and wanted to feature them on the show back then, saying:

“Oh man — winner winner, chicken dinner. I want them on the show. That thing is just a — that’s a juggernaut.”

Indeed a winner, the stock is up 117.99% since then. Sprouts Farmers Market, Inc. (NASDAQ:SFM) has become one of the biggest retail growth stories in America with tight execution and niche appeal.

Discussing a recent dip in the stock, here’s what Cramer said in February:

“The sixth biggest loser from Wednesday through Friday, one that we love, Sprouts Farmers Market. It fell 16.4% during that period. Most of the company, most of that coming after the company reported on Thursday night that bizarrely, Sprouts reported really strong numbers. This was a great quarter and all the analysts raised their estimates. Yet the stock rolled over anyway. Why? I saw someone complain that October was the best month of the quarter… The company’s full-year same-store sales forecast was much lower than its first-quarter same-store sales forecast, which suggests that growth will continue slowing throughout the year. But honestly, what really did it, I’ll tell you what did it, Sprout stock was up 220% in the 12 months before this quarter and I think this is another momentum stock that simply got too hot to handle at the last moment. And maybe it’s gonna stay that way.”

Overall, SFM ranks 5th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of SFM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SFM and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.