Segall Bryant & Hamill LLC Makes New Investment in SpartanNash (NASDAQ:SPTN)

Segall Bryant & Hamill LLC purchased a new stake in shares of SpartanNash (NASDAQ:SPTN - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 80,412 shares of the company's stock, valued at approximately $1,802,000. Segall Bryant & Hamill LLC owned about 0.24% of SpartanNash at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPTN. Russell Investments Group Ltd. grew its position in shares of SpartanNash by 6.6% during the 1st quarter. Russell Investments Group Ltd. now owns 41,703 shares of the company's stock worth $843,000 after buying an additional 2,568 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of SpartanNash by 52.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 15,173 shares of the company's stock valued at $307,000 after purchasing an additional 5,215 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of SpartanNash by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,123,088 shares of the company's stock worth $63,118,000 after purchasing an additional 20,262 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of SpartanNash by 9.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 34,123 shares of the company's stock valued at $690,000 after purchasing an additional 2,891 shares in the last quarter. Finally, Caxton Associates LP increased its holdings in SpartanNash by 66.4% during the first quarter. Caxton Associates LP now owns 22,301 shares of the company's stock valued at $451,000 after buying an additional 8,901 shares during the period. 84.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded SpartanNash from a "buy" rating to a "hold" rating in a report on Friday, November 8th.

SpartanNash Stock Up 1.0 %

Shares of SPTN traded up $0.18 during midday trading on Friday, hitting $18.76. 182,187 shares of the company's stock traded hands, compared to its average volume of 259,498. SpartanNash has a 1 year low of $17.74 and a 1 year high of $24.51. The firm's fifty day moving average is $20.90 and its 200-day moving average is $20.35. The company has a current ratio of 1.62, a quick ratio of 0.83 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $633.34 million, a price-to-earnings ratio of 14.11 and a beta of 0.39.

SpartanNash (NASDAQ:SPTN - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. SpartanNash had a net margin of 0.48% and a return on equity of 8.57%. The company had revenue of $2.25 billion during the quarter, compared to analysts' expectations of $2.24 billion. During the same period last year, the business earned $0.54 EPS. SpartanNash's revenue for the quarter was down .6% on a year-over-year basis. As a group, sell-side analysts anticipate that SpartanNash will post 1.88 earnings per share for the current year.

SpartanNash Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 23rd were paid a $0.218 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.87 dividend on an annualized basis and a yield of 4.65%. SpartanNash's dividend payout ratio (DPR) is 65.41%.

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.