SpartanNash (NASDAQ:SPTN) Shares Sold by Phocas Financial Corp.

Phocas Financial Corp. cut its holdings in SpartanNash (NASDAQ:SPTN - Free Report) by 85.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,877 shares of the company's stock after selling 186,550 shares during the quarter. Phocas Financial Corp. owned about 0.10% of SpartanNash worth $602,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of SPTN. US Bancorp DE boosted its holdings in shares of SpartanNash by 3.6% in the third quarter. US Bancorp DE now owns 16,816 shares of the company's stock valued at $377,000 after acquiring an additional 587 shares in the last quarter. Creative Planning boosted its holdings in shares of SpartanNash by 5.7% in the third quarter. Creative Planning now owns 13,165 shares of the company's stock valued at $295,000 after acquiring an additional 708 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of SpartanNash by 64.9% in the third quarter. Signaturefd LLC now owns 1,801 shares of the company's stock valued at $40,000 after acquiring an additional 709 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of 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. Finally, Martingale Asset Management L P boosted its holdings in shares of SpartanNash by 2.2% in the third quarter. Martingale Asset Management L P now owns 48,114 shares of the company's stock valued at $1,078,000 after acquiring an additional 1,040 shares in the last quarter. 84.59% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several analysts have recently weighed in on SPTN shares. StockNews.com downgraded shares of SpartanNash from a "buy" rating to a "hold" rating in a report on Thursday, January 30th. Northcoast Research downgraded 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.

SpartanNash Price Performance

SPTN stock traded up $0.28 during trading on Friday, reaching $20.19. 268,166 shares of the company were exchanged, compared to its average volume of 245,777. The company has a market cap of $681.51 million, a P/E ratio of -2,019.00 and a beta of 0.34. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00. The stock's 50 day moving average price is $18.69 and its 200 day moving average price is $19.99. 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 (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, beating the consensus estimate of $0.33 by $0.09. During the same quarter in the previous year, the company posted $0.35 earnings per share. As a group, analysts predict that SpartanNash will post 1.79 earnings per share for the current fiscal year.

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.