UPDATE: Deutsche Bank Downgrades Vitamin Shoppe to Hold

According to Deutsche Bank, Vitamin Shoppe

is downgraded to Hold. Deutsche said that it still has a very positive outlook on the health supplement space, and view VSI as well-positioned for continued growth. “Nonetheless, we are moving to the sidelines due to the post-1Q run-up in the stock (VSI is up +18.1% since 5/7 vs. -3.2% for S&P 500; & up +32.5% YTD vs. +5.3% for S&P).” Vitamin Shoppe closed yesterday at $52.84.