Since 1957, there have been 14 times when it took the S&P 500 index more than a year to return to a new all-time high. This stat is interesting because the index continued higher on 13 of those occasions over the following year.

With this in mind -- and with the S&P 500 setting new highs as we moved from 2023 to 2024 -- it looks like the perfect time to add to some recent winners. One such stock moving higher lately is specialty grocer Sprouts Farmers Market (NASDAQ: SFM), which has risen over 280% since 2020.

Despite this incredible run, there are multiple reasons to believe the best is yet to come for the lifestyle-friendly grocery chain. Here's what sets the company apart, making it a perfect dollar-cost-averaging candidate today for a $100 investment.

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Source Fool.com