SpartanNash (NASDAQ:SPTN) Shares Bought by Invesco Ltd.

Invesco Ltd. boosted its position in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 25.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,243,507 shares of the company's stock after buying an additional 249,616 shares during the period. Invesco Ltd. owned 3.68% of SpartanNash worth $22,781,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC lifted its holdings in SpartanNash by 3,585.1% in 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. KLP Kapitalforvaltning AS acquired a new stake in SpartanNash during the fourth quarter worth about $132,000. GAMMA Investing LLC lifted its holdings in SpartanNash by 90.3% in the fourth 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 during the last quarter. Franklin Resources Inc. acquired a new stake in shares of SpartanNash during the 3rd quarter worth about $211,000. Finally, Ieq Capital LLC purchased a new stake in SpartanNash in the 4th quarter valued at about $231,000. Institutional investors and hedge funds own 84.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Northcoast Research lowered shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price objective on the stock. in a report on Wednesday, February 19th. StockNews.com upgraded SpartanNash from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.

SpartanNash Stock Down 1.3 %

SPTN stock traded down $0.28 during midday trading on Wednesday, hitting $20.47. The company's stock had a trading volume of 202,100 shares, compared to its average volume of 263,668. The firm has a market capitalization of $692.66 million, a P/E ratio of -2,046.50 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 52-week low of $17.30 and a 52-week high of $23.00. The firm has a 50-day simple moving average of $19.87 and a 200-day simple moving average of $19.51.

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

SpartanNash Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend was Friday, March 21st. This is an increase 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.