Commonwealth Equity Services LLC reduced its holdings in SpartanNash (NASDAQ:SPTN - Free Report) by 53.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,075 shares of the company's stock after selling 20,827 shares during the period. Commonwealth Equity Services LLC owned about 0.05% of SpartanNash worth $331,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Nisa Investment Advisors LLC grew its holdings in shares of SpartanNash by 3,585.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company's stock worth $32,000 after buying an additional 1,685 shares in the last quarter. GAMMA Investing LLC grew its stake in SpartanNash by 90.3% during the 4th quarter. GAMMA Investing LLC now owns 7,461 shares of the company's stock valued at $137,000 after acquiring an additional 3,541 shares in the last quarter. Franklin Resources Inc. acquired a new stake in SpartanNash in the 3rd quarter valued at about $211,000. Ieq Capital LLC purchased a new position in SpartanNash in the 4th quarter worth approximately $231,000. Finally, MBM Wealth Consultants LLC boosted its holdings in shares of SpartanNash by 10.1% during the 4th quarter. MBM Wealth Consultants LLC now owns 13,083 shares of the company's stock worth $238,000 after purchasing an additional 1,203 shares during the last quarter. 84.59% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently commented on SPTN shares. StockNews.com raised 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 for the company. in a research note on Wednesday, February 19th.
Read Our Latest Stock Analysis on SPTN
SpartanNash Trading Up 1.9 %
Shares of SpartanNash stock traded up $0.37 during mid-day trading on Friday, hitting $19.46. The stock had a trading volume of 341,802 shares, compared to its average volume of 263,789. The firm has a 50-day moving average of $19.79 and a two-hundred day moving average of $19.62. The firm has a market cap of $658.64 million, a P/E ratio of -1,946.00 and a beta of 0.53. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. SpartanNash has a 12-month low of $17.30 and a 12-month high of $23.00.
SpartanNash (NASDAQ:SPTN - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.09. During the same period last year, the firm posted $0.35 EPS. Sell-side analysts forecast that SpartanNash will post 1.79 earnings per share for the current year.
SpartanNash Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.88 dividend on an annualized basis and a yield of 4.52%. This is a boost from SpartanNash's previous quarterly dividend of $0.22. SpartanNash's dividend payout ratio is presently -8,800.00%.
SpartanNash Profile
(
Free Report)
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.
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