LSV Asset Management Acquires 20,546 Shares of SpartanNash (NASDAQ:SPTN)

LSV Asset Management grew its position in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 977,398 shares of the company's stock after buying an additional 20,546 shares during the period. LSV Asset Management owned approximately 2.90% of SpartanNash worth $17,906,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Verition Fund Management LLC bought a new position in SpartanNash during the third quarter worth about $244,000. Stifel Financial Corp grew its position in shares of SpartanNash by 14.7% during the 3rd quarter. Stifel Financial Corp now owns 47,240 shares of the company's stock worth $1,059,000 after purchasing an additional 6,058 shares in the last quarter. Barclays PLC increased its holdings in shares of SpartanNash by 120.0% during the third quarter. Barclays PLC now owns 86,412 shares of the company's stock worth $1,936,000 after purchasing an additional 47,141 shares during the period. Franklin Resources Inc. acquired a new stake in shares of SpartanNash in the third quarter valued at approximately $211,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of SpartanNash by 71.5% in the third quarter. JPMorgan Chase & Co. now owns 102,486 shares of the company's stock valued at $2,297,000 after buying an additional 42,719 shares during the period. Institutional investors and hedge funds own 84.59% of the company's stock.

SpartanNash Price Performance

Shares of SPTN traded down $0.42 during midday trading on Tuesday, hitting $19.34. The company's stock had a trading volume of 210,185 shares, compared to its average volume of 263,645. 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 one year low of $17.30 and a one year high of $23.00. The stock has a market capitalization of $654.58 million, a price-to-earnings ratio of -1,934.00 and a beta of 0.53. The company's fifty day simple moving average is $19.82 and its two-hundred day simple moving average is $19.58.

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SpartanNash (NASDAQ:SPTN - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.09. During the same quarter in the prior year, the firm posted $0.35 earnings per share. As a group, equities analysts expect that SpartanNash will post 1.79 earnings per share for the current fiscal 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 paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date was Friday, March 21st. This is a boost from SpartanNash's previous quarterly dividend of $0.22. SpartanNash's payout ratio is presently -8,800.00%.

Analysts Set New Price Targets

Several equities analysts have weighed in on SPTN shares. Northcoast Research cut SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price objective for the company. in a report on Wednesday, February 19th. StockNews.com raised shares of SpartanNash from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.

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.