Dana Investment Advisors Inc. Raises Stake in SpartanNash (NASDAQ:SPTN)

Dana Investment Advisors Inc. raised its holdings in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 16.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 342,796 shares of the company's stock after purchasing an additional 48,987 shares during the quarter. Dana Investment Advisors Inc. owned 1.02% of SpartanNash worth $6,280,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nisa Investment Advisors LLC increased its stake in SpartanNash by 3,585.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company's stock valued at $32,000 after purchasing an additional 1,685 shares in the last quarter. GAMMA Investing LLC increased 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 purchasing an additional 3,541 shares in the last quarter. Franklin Resources Inc. bought a new stake in SpartanNash during the 3rd quarter valued at $211,000. Verition Fund Management LLC bought a new stake in SpartanNash during the 3rd quarter valued at $244,000. Finally, Ieq Capital LLC bought a new stake in SpartanNash during the 4th quarter valued at $231,000. Institutional investors own 84.59% of the company's stock.

Analyst Upgrades and Downgrades

SPTN has been the topic of a number of analyst reports. StockNews.com downgraded shares of SpartanNash from a "buy" rating to a "hold" rating in a report on Thursday, January 30th. Northcoast Research downgraded shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price target on the stock. in a report on Wednesday, February 19th.

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SpartanNash Stock Performance

Shares of NASDAQ:SPTN traded up $0.39 during midday trading on Friday, reaching $20.26. The company had a trading volume of 234,180 shares, compared to its average volume of 245,109. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00. The company's 50 day moving average price is $18.85 and its 200 day moving average price is $19.96. The stock has a market cap of $684.08 million, a P/E ratio of -2,026.00 and a beta of 0.34. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00.

SpartanNash (NASDAQ:SPTN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.09. During the same quarter in the prior 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 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.