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In trading on Thursday, shares of Sprouts Farmers Market Inc crossed above their 200 day moving average of $21.17, changing hands as high as $21.89 per share. Sprouts Farmers Market Inc shares are currently trading up about 11% on the day. Mar 16, 2017 4:56 PM EDT.
The company opened its first store in Chandler, Ariz. in 2002 with abundant produce and thousands of natural, organic and great-tasting foods at remarkably low prices. The Sprouts story continued with a period of rapid growth through acquisitions and new store development. In 2011, Sprouts joined with Henry's Holdings, which ran 35 Henry's Farmers Markets stores and eight Sun Harvest Market stores. A year later, the company bought Sunflower Farmers Market, which ran 37 stores. Sprouts became a public company traded on the NASDAQ Stock Market in August, 2013. In 2014, Sprouts expanded into the Southeast by adding new stores in Georgia. This year, Sprouts is opening 27 stores, including three new states: Missouri, Alabama and Tennessee. Today Sprouts is one of the fastest growing retailers in the country.