Mitsubishi UFJ Trust & Banking Corp Purchases 17,398 Shares of SpartanNash (NASDAQ:SPTN)

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 14.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 136,740 shares of the company's stock after acquiring an additional 17,398 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.41% of SpartanNash worth $2,505,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SPTN. 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 valued at $32,000 after acquiring an additional 1,685 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of SpartanNash in the 4th quarter valued at about $132,000. GAMMA Investing LLC increased its position in shares of SpartanNash by 90.3% during the 4th quarter. GAMMA Investing LLC now owns 7,461 shares of the company's stock worth $137,000 after purchasing an additional 3,541 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of SpartanNash during the 3rd quarter worth approximately $211,000. Finally, Ieq Capital LLC acquired a new stake in shares of SpartanNash in the 4th quarter valued at approximately $231,000. Institutional investors own 84.59% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SPTN. StockNews.com raised SpartanNash from a "hold" rating to a "buy" rating in a research report on Thursday. 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.

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SpartanNash Price Performance

Shares of NASDAQ SPTN traded down $0.39 during trading hours on Friday, hitting $20.18. 294,909 shares of the stock were exchanged, compared to its average volume of 261,157. The company's fifty day simple moving average is $19.68 and its two-hundred day simple moving average is $19.75. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57. SpartanNash has a 1-year low of $17.30 and a 1-year high of $23.00. The company has a market cap of $681.38 million, a PE ratio of -2,018.00 and a beta of 0.34.

SpartanNash (NASDAQ:SPTN - Get Free Report) last released its quarterly earnings data 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 last year, the business earned $0.35 earnings per share. On average, sell-side analysts predict that SpartanNash will post 1.79 EPS for the current 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 4.36%. 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%.

About SpartanNash

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.