SCHEDULE 13G/A: Fund 1 Investments Discloses Significant 11.35% Stake in 1-800-FLOWERS.COM, Inc.

Fund 1 Investments, LLC has reported a beneficial ownership of 11.35% of 1-800-FLOWERS.COM, Inc.'s Class A Common Stock, totaling 4,174,364 shares, as of December 31, 2024.

Summary

• Fund 1 Investments, LLC, a Delaware-organized entity, has filed an Amendment No. 3 to Schedule 13G regarding its ownership in 1-800-FLOWERS.COM, Inc.
• The filing indicates that Fund 1 Investments, LLC beneficially owns 4,174,364 shares of 1-800-FLOWERS.COM, Inc.'s Class A Common Stock.
• This ownership represents 11.35% of the Class A Common Stock outstanding, calculated based on 36,782,727 shares outstanding as of October 28, 2024, as reported in the Issuer's Form 10-Q.
• Fund 1 Investments, LLC holds shared voting power and shared dispositive power over all 4,174,364 shares.
• The shares are held for the benefit of private investment vehicles for which Pleasant Lake Partners LLC serves as investment adviser, with Fund 1 Investments, LLC serving as managing member of Pleasant Lake Partners LLC.
• Jonathan Lennon serves as managing member of Fund 1 Investments, LLC.
• The reporting persons disclaim beneficial ownership except to the extent of their pecuniary interest.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a standard beneficial ownership filing (Schedule 13G) and does not contain information that inherently suggests positive or negative sentiment regarding the issuer's performance or outlook. It simply reports a significant ownership stake.

Future Outlook

NA

Industry Context

This filing indicates a significant passive investment by an institutional entity in 1-800-FLOWERS.COM, Inc., a prominent player in the floral and gourmet food gift industry. Such disclosures are common for institutional investors accumulating stakes in publicly traded companies, reflecting their investment strategies rather than operational changes within the industry.

Stakeholder Impact

• Shareholders: The disclosure of a significant 11.35% stake by an institutional investor like Fund 1 Investments, LLC may be viewed positively by other shareholders as it indicates institutional confidence or interest in the company.

Key Dates

Keywords

1-800-FLOWERS.COM, Fund 1 Investments, Schedule 13G, beneficial ownership, Class A Common Stock, institutional ownership, SEC filing, FLWS