JPMorgan Chase & Co. Has $4.05 Million Stock Position in SpartanNash (NASDAQ:SPTN)

JPMorgan Chase & Co. grew its position in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 115.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 220,964 shares of the company's stock after purchasing an additional 118,478 shares during the period. JPMorgan Chase & Co. owned approximately 0.65% of SpartanNash worth $4,048,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Yousif Capital Management LLC raised its holdings in SpartanNash by 5.9% in the fourth quarter. Yousif Capital Management LLC now owns 13,696 shares of the company's stock valued at $251,000 after acquiring an additional 768 shares in the last quarter. MBM Wealth Consultants LLC lifted its position in shares of SpartanNash by 10.1% during the fourth 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. Nisa Investment Advisors LLC grew its stake in SpartanNash by 3,585.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company's stock worth $32,000 after purchasing an additional 1,685 shares in the last quarter. Burney Co. increased its holdings in SpartanNash by 4.2% in the fourth quarter. Burney Co. now owns 65,140 shares of the company's stock valued at $1,193,000 after buying an additional 2,599 shares during the last quarter. Finally, Inspire Investing LLC lifted its holdings in SpartanNash by 17.6% during the 4th quarter. Inspire Investing LLC now owns 21,567 shares of the company's stock worth $395,000 after buying an additional 3,227 shares during the last quarter. 84.59% of the stock is owned by institutional investors and hedge funds.

SpartanNash Stock Performance

Shares of SPTN stock traded up $0.63 during trading hours on Tuesday, reaching $20.74. The stock had a trading volume of 239,929 shares, compared to its average volume of 263,875. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.78. The firm has a 50-day simple moving average of $19.87 and a 200-day simple moving average of $19.50. The firm has a market capitalization of $701.97 million, a PE ratio of -2,074.00 and a beta of 0.53. SpartanNash has a twelve month low of $17.30 and a twelve month high of $23.00.

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

SpartanNash Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were issued a $0.22 dividend. This is an increase from SpartanNash's previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend was Friday, March 21st. SpartanNash's payout ratio is presently -8,800.00%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SPTN. StockNews.com raised shares of SpartanNash from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Northcoast Research cut shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 target price on the stock. in a report on Wednesday, February 19th.

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.