Renaissance Technologies LLC Lowers Stock Holdings in SpartanNash (NASDAQ:SPTN)

Renaissance Technologies LLC trimmed its position in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 742,812 shares of the company's stock after selling 29,300 shares during the quarter. Renaissance Technologies LLC owned 2.20% of SpartanNash worth $13,608,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of SpartanNash by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 3,250,372 shares of the company's stock worth $59,547,000 after acquiring an additional 57,458 shares during the last quarter. Invesco Ltd. raised its stake in shares of SpartanNash by 25.1% in the fourth quarter. Invesco Ltd. now owns 1,243,507 shares of the company's stock worth $22,781,000 after purchasing an additional 249,616 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of SpartanNash by 14.2% in the fourth quarter. American Century Companies Inc. now owns 1,042,192 shares of the company's stock valued at $19,093,000 after purchasing an additional 129,907 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of SpartanNash by 13.3% during the fourth quarter. Bank of New York Mellon Corp now owns 481,538 shares of the company's stock valued at $8,822,000 after buying an additional 56,677 shares during the last quarter. Finally, Dana Investment Advisors Inc. grew its holdings in SpartanNash by 16.7% during the fourth quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company's stock worth $6,280,000 after buying an additional 48,987 shares in the last quarter. 84.59% of the stock is currently owned by institutional investors.

SpartanNash Price Performance

Shares of NASDAQ:SPTN traded up $0.27 on Friday, hitting $19.79. The company's stock had a trading volume of 251,416 shares, compared to its average volume of 263,736. SpartanNash has a 1 year low of $17.30 and a 1 year high of $23.00. 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 company has a market capitalization of $669.81 million, a PE ratio of -1,979.00 and a beta of 0.53. The company has a 50-day simple moving average of $19.89 and a 200 day simple moving average of $19.54.

SpartanNash (NASDAQ:SPTN - Get Free Report) last released its quarterly 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 previous year, the firm posted $0.35 earnings per share. Sell-side analysts forecast that SpartanNash will post 1.79 EPS for the current fiscal 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 given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date was Friday, March 21st. This is a boost from SpartanNash's previous quarterly dividend of $0.22. SpartanNash's dividend payout ratio (DPR) is presently -8,800.00%.

Wall Street Analyst Weigh In

SPTN has been the topic of a number of research analyst reports. StockNews.com upgraded SpartanNash from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Northcoast Research lowered SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 target price for the company. in a research report on Wednesday, February 19th.

SpartanNash 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.