FMR LLC & Abigail Johnson Maintain 12.83% Stake in Sprouts Farmers Market

Ticker: SFM · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, SC-13G, equity-holdings

Related Tickers: SFM

TL;DR

**FMR LLC and Abigail Johnson still own 12.83% of Sprouts Farmers Market.**

AI Summary

FMR LLC, a major investment firm, and its Chair and CEO, Abigail P. Johnson, have updated their ownership stake in Sprouts Farmers Market, Inc. (SFM). As of February 9, 2024, they collectively beneficially own 13,026,747 shares of common stock, representing 12.826% of the company. This is an amendment to a previous filing, indicating a change in their reported holdings, which matters to investors as it shows a significant institutional holder's continued, substantial interest in the company.

Why It Matters

This filing confirms a major institutional investor's continued significant ownership in Sprouts Farmers Market, signaling their ongoing confidence (or at least, continued holding) in the company's prospects. Large institutional holdings can influence stock stability and future strategic decisions.

Risk Assessment

Risk Level: low — This filing is an update on a significant institutional holding, which generally indicates stability rather than immediate risk.

Analyst Insight

Investors should note that a major institutional holder, FMR LLC, continues to hold a substantial stake in Sprouts Farmers Market, Inc. This indicates a stable institutional presence, but the filing itself doesn't suggest any immediate buying or selling action, merely an updated report of their existing position.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

Who are the reporting persons in this SC 13G/A filing?

The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.

What is the total number of Sprouts Farmers Market, Inc. common stock shares beneficially owned by the reporting persons?

FMR LLC and Abigail P. Johnson beneficially own a total of 13,026,747 shares of Sprouts Farmers Market, Inc. common stock, as indicated in Item 7 for both reporting persons and Item 4(a) for FMR LLC.

What percentage of Sprouts Farmers Market, Inc.'s common stock class do the reporting persons own?

The reporting persons, FMR LLC and Abigail P. Johnson, collectively own 12.826% of the class of Sprouts Farmers Market, Inc. common stock, as stated in Item 11 for both and Item 4(b) for FMR LLC.

What is the CUSIP number for Sprouts Farmers Market, Inc. common stock?

The CUSIP number for Sprouts Farmers Market, Inc. common stock is 85208M102, as listed under 'Cusip #85208M102' at the beginning of the filing and in Item 2(e).

Under which rule is this Schedule 13G filed?

This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box '[x] Rule 13d-1(b)' and further clarified in Item 3, stating FMR LLC is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G).

From the Filing

0000315066-24-001452.txt : 20240209 0000315066-24-001452.hdr.sgml : 20240209 20240209094932 ACCESSION NUMBER: 0000315066-24-001452 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Sprouts Farmers Market, Inc. CENTRAL INDEX KEY: 0001575515 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 320331600 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87653 FILM NUMBER: 24612067 BUSINESS ADDRESS: STREET 1: 5455 E. HIGH ST. STREET 2: SUITE 111 CITY: PHOENIX STATE: AZ ZIP: 85054 BUSINESS PHONE: 480-814-8016 MAIL ADDRESS: STREET 1: 5455 E. HIGH ST. STREET 2: SUITE 111 CITY: PHOENIX STATE: AZ ZIP: 85054 FORMER COMPANY: FORMER CONFORMED NAME: Sprouts Farmers Markets, LLC DATE OF NAME CHANGE: 20130426 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.3 SPROUTS FARMERS MARKET INC COMMON STOCK Cusip #85208M102 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #85208M102 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 13,015,586 Item 6: 0 Item 7: 13,026,747 Item 8: 0 Item 9: 13,026,747 Item 11: 12.826% Item 12: HC Cusip #85208M102 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 13,026,747 Item 8: 0 Item 9: 13,026,747 Item 11: 12.826% Item 12: IN Item 1(a). Name of Issuer: SPROUTS FARMERS MARKET INC Item 1(b). Address of Issuer's Principal Executive Offices: 5455 E. High St, Suite 111 Phoenix, AZ 85054 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 85208M102 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 13,026,747 (b) Percent of Class: 12.826% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 13,026,747 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of SPROUTS FARMERS MARKET INC. No one other person's interest in the COMMON STOCK of SPROUTS FARMERS MARKET INC is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9.

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