17,387 Shares in SpartanNash (NASDAQ:SPTN) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in SpartanNash (NASDAQ:SPTN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 17,387 shares of the company's stock, valued at approximately $319,000. Raymond James Financial Inc. owned about 0.05% of SpartanNash at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. AMH Equity Ltd boosted its position in shares of SpartanNash by 316.7% during the fourth quarter. AMH Equity Ltd now owns 125,000 shares of the company's stock valued at $2,290,000 after buying an additional 95,000 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in SpartanNash by 13.3% during the 4th quarter. Bank of New York Mellon Corp now owns 481,538 shares of the company's stock valued at $8,822,000 after acquiring an additional 56,677 shares in the last quarter. Dana Investment Advisors Inc. lifted its stake in SpartanNash by 16.7% during the 4th quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company's stock valued at $6,280,000 after acquiring an additional 48,987 shares in the last quarter. Barclays PLC grew its stake in shares of SpartanNash by 120.0% in the 3rd quarter. Barclays PLC now owns 86,412 shares of the company's stock worth $1,936,000 after acquiring an additional 47,141 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of SpartanNash by 71.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 102,486 shares of the company's stock worth $2,297,000 after acquiring an additional 42,719 shares in the last quarter. Institutional investors and hedge funds own 84.59% of the company's stock.

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Analyst Upgrades and Downgrades

SPTN has been the topic of several analyst reports. StockNews.com upgraded shares of SpartanNash from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Northcoast Research downgraded SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 target price on the stock. in a research note on Wednesday, February 19th.

SpartanNash Stock Performance

Shares of NASDAQ:SPTN traded down $0.13 during midday trading on Tuesday, reaching $19.63. The company had a trading volume of 6,273 shares, compared to its average volume of 262,936. The stock has a market cap of $664.40 million, a P/E ratio of -1,956.00 and a beta of 0.53. The company's 50 day moving average price is $19.81 and its 200 day moving average price is $19.58. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00.

SpartanNash (NASDAQ:SPTN - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.09. During the same quarter in the previous year, the firm earned $0.35 earnings per share. As a group, sell-side analysts anticipate that SpartanNash will post 1.79 EPS for the current fiscal year.

SpartanNash Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend was Friday, March 21st. This is a boost from SpartanNash's previous quarterly dividend of $0.22. SpartanNash's dividend payout ratio is currently -8,800.00%.

SpartanNash Company Profile

SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.