SEC Form SC 13G/A filed by Sprouts Farmers Market Inc. (Amendment)

2/9/23 12:31:05 PM ET

Food Chains

Consumer Staples

Get the next $SFM alert in real time by email

SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.2 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: 14,959,964 Item 6: 0 Item 7: 14,964,674 Item 8: 0 Item 9: 14,964,674 Item 11: 14.137% 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: 14,964,674 Item 8: 0 Item 9: 14,964,674 Item 11: 14.137% 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: 14,964,674 (b) Percent of Class: 14.137% (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: 14,964,674 (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. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing orinfluencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 9, 2023 Date /s/ Stephanie J. Brown Signature Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification FIAM LLC IA Fidelity Institutional Asset Management Trust Company BK Fidelity Management & Research Company LLC * IA Fidelity Management Trust Company BK Strategic Advisers LLC IA * Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G. Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on February 9, 2023, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of SPROUTS FARMERS MARKET INC at December 30, 2022. FMR LLC By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January, 26, 2023, by and on behalf of Abigail P. Johnson** * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. ** This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 31, 2023, accession number: 0000315066-23-000038.

Get the next $SFM alert in real time by email

Recent Analyst Ratings for

$SFM

Date	Price Target	Rating	Analyst
9/16/2024	$96.00 → $120.00	In-line → Outperform	Evercore ISI
9/12/2024	$107.00	Sector Perform	RBC Capital Mkts
7/30/2024	$40.00 → $102.00	Underperform → Market Perform	BMO Capital Markets
7/30/2024	$62.00 → $90.00	Underweight → Equal Weight	Wells Fargo
2/27/2024	$30.00 → $70.00	Underperform → Buy	BofA Securities
1/4/2024	$40.00 → $45.00	Underperform → In-line	Evercore ISI
12/12/2023	$37.00 → $49.00	Sell → Buy	Goldman
7/25/2023	$45.00 → $42.00	Buy → Hold	Deutsche Bank

More analyst ratings

SEC Form SC 13G/A filed by Sprouts Farmers Market Inc. (Amendment)

Chat with this insight

Recent Analyst Ratings for
$SFM

$SFM
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Chief Executive Officer Sinclair Jack sold $816,018 worth of shares (5,850 units at $139.49), decreasing direct ownership by 4% to 146,584 units (SEC Form 4)

Chief Executive Officer Sinclair Jack sold $1,576,286 worth of shares (11,428 units at $137.93), decreasing direct ownership by 7% to 152,434 units (SEC Form 4)

Director Rauch Douglas Gregory sold $104,223 worth of shares (700 units at $148.89) and gifted 627 shares, decreasing direct ownership by 11% to 10,247 units (SEC Form 4)

$SFM
Financials

Live finance-specific insights

Sprouts Farmers Market, Inc. Reports Third Quarter 2024 Results

Sprouts Farmers Market to Report Third Quarter Earnings on October 30, 2024

Sprouts Farmers Market, Inc. Reports Second Quarter 2024 Results

$SFM
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

$SFM
Large Ownership Changes

This live feed shows all institutional transactions in real time.

$SFM
Leadership Updates

Live Leadership Updates

Sprouts Farmers Market upgraded by Evercore ISI with a new price target

RBC Capital Mkts initiated coverage on Sprouts Farmers Market with a new price target

Sprouts Farmers Market upgraded by BMO Capital Markets with a new price target

Amendment: SEC Form SC 13G/A filed by Sprouts Farmers Market Inc.

Amendment: SEC Form SC 13G/A filed by Sprouts Farmers Market Inc.