Kennedy Capital Management LLC Grows Position in SpartanNash (NASDAQ:SPTN)

Kennedy Capital Management LLC raised its holdings in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 65.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,220 shares of the company's stock after acquiring an additional 59,980 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.45% of SpartanNash worth $2,789,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SPTN. Teacher Retirement System of Texas lifted its stake in SpartanNash by 28.3% in the 4th quarter. Teacher Retirement System of Texas now owns 273,634 shares of the company's stock worth $5,013,000 after purchasing an additional 60,401 shares in the last quarter. Barclays PLC lifted its position in shares of SpartanNash by 120.0% in the third quarter. Barclays PLC now owns 86,412 shares of the company's stock worth $1,936,000 after buying an additional 47,141 shares in the last quarter. Dana Investment Advisors Inc. boosted its stake in SpartanNash by 16.7% during the fourth quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company's stock valued at $6,280,000 after buying an additional 48,987 shares during the last quarter. Ieq Capital LLC purchased a new position in SpartanNash during the 4th quarter valued at approximately $231,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in SpartanNash in the 4th quarter worth approximately $948,000. 84.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SPTN has been the subject of a number of recent research reports. 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 price objective for the company. in a research note on Wednesday, February 19th.

SpartanNash Trading Up 1.4 %

Shares of SpartanNash stock traded up $0.27 during trading on Friday, hitting $19.79. The stock had a trading volume of 251,416 shares, compared to its average volume of 263,736. The stock has a market cap of $669.81 million, a PE ratio of -1,979.00 and a beta of 0.53. SpartanNash has a 12 month low of $17.30 and a 12 month high of $23.00. The firm's fifty day simple moving average is $19.89 and its 200-day simple moving average is $19.54. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.78.

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

SpartanNash Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Friday, March 21st. This is a positive change from SpartanNash's previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.45%. SpartanNash's dividend payout ratio (DPR) is -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.