Jim Cramer on 10 Stocks With The Biggest Declines Last Week

6. Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Number of Hedge Fund Holders: 47

Discussing Sprouts Farmers Market, Inc. (NASDAQ:SFM) during the episode, Cramer said:

“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.”

Sprouts Farmers Market (NASDAQ:SFM) is a U.S.-based retailer specializing in fresh, natural, and organic food products, providing a variety of both perishable and non-perishable items under the Sprouts brand.