Matisse Capital Sells 1,682 Shares of Sprouts Farmers Market, Inc. (NASDAQ:SFM)

Matisse Capital reduced its stake in Sprouts Farmers Market, Inc. (NASDAQ:SFM) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,768 shares of the company’s stock after selling 1,682 shares during the quarter. Sprouts Farmers Market comprises approximately 1.1% of Matisse Capital’s portfolio, making the stock its 26th biggest holding. Matisse Capital’s holdings in Sprouts Farmers Market were worth $2,131,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SFM. Alliance Wealth Advisors LLC UT bought a new stake in shares of Sprouts Farmers Market in the 4th quarter valued at about $307,000. Holistic Planning LLC purchased a new stake in Sprouts Farmers Market in the fourth quarter worth about $213,000. Greenleaf Trust raised its stake in Sprouts Farmers Market by 1.2% during the fourth quarter. Greenleaf Trust now owns 6,715 shares of the company’s stock valued at $853,000 after buying an additional 80 shares during the last quarter. Spire Wealth Management boosted its stake in Sprouts Farmers Market by 12.9% in the 4th quarter. Spire Wealth Management now owns 9,767 shares of the company’s stock worth $1,241,000 after purchasing an additional 1,114 shares in the last quarter. Finally, Journey Strategic Wealth LLC purchased a new stake in Sprouts Farmers Market during the 4th quarter valued at $210,000.

Sprouts Farmers Market Price Performance

Shares of NASDAQ:SFM opened at $159.75 on Tuesday. The company has a market cap of $15.97 billion, a PE ratio of 46.17, a price-to-earnings-growth ratio of 2.09 and a beta of 0.63. The company’s 50 day moving average is $142.87 and its 200 day moving average is $122.32. The company has a current ratio of 1.13, a quick ratio of 0.59 and a debt-to-equity ratio of 0.01. Sprouts Farmers Market, Inc. has a twelve month low of $49.81 and a twelve month high of $162.52.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SFM shares. Bank of America boosted their price objective on shares of Sprouts Farmers Market from $115.00 to $135.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company boosted their target price on shares of Sprouts Farmers Market from $130.00 to $140.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. StockNews.com upgraded Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. The Goldman Sachs Group lifted their price target on shares of Sprouts Farmers Market from $127.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Evercore ISI lifted their target price on Sprouts Farmers Market from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Sprouts Farmers Market has a consensus rating of “Hold” and an average target price of $119.40.

Insider Transactions at Sprouts Farmers Market

In other news, CEO Jack Sinclair sold 2,935 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $138.74, for a total value of $407,201.90. Following the transaction, the chief executive officer now directly owns 149,499 shares of the company’s stock, valued at approximately $20,741,491.26. This trade represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph D. O’leary sold 350 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $150.11, for a total value of $52,538.50. Following the completion of the sale, the director now owns 17,991 shares of the company’s stock, valued at $2,700,629.01. This trade represents a 1.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,699 shares of company stock worth $5,835,352 over the last quarter. 1.10% of the stock is currently owned by insiders.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.