SpartanNash (NASDAQ:SPTN) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of SpartanNash (NASDAQ:SPTN - Free Report) from a buy rating to a hold rating in a research note published on Wednesday morning.

Separately, Northcoast Research lowered SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 target price on the stock. in a research report on Wednesday, February 19th.

SpartanNash Stock Down 0.1 %

Shares of SPTN stock traded down $0.02 during trading hours on Wednesday, reaching $20.03. 142,642 shares of the stock were exchanged, compared to its average volume of 261,059. The business's fifty day moving average is $19.43 and its two-hundred day moving average is $19.77. The firm has a market capitalization of $676.31 million, a P/E ratio of -2,003.00 and a beta of 0.34. SpartanNash has a 12-month low of $17.30 and a 12-month 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.

SpartanNash (NASDAQ:SPTN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.09. During the same quarter in the previous year, the company earned $0.35 earnings per share. As a group, research analysts expect that SpartanNash will post 1.79 EPS for the current fiscal year.

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SpartanNash Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date is Friday, March 21st. This is an increase from SpartanNash's previous quarterly dividend of $0.22. SpartanNash's dividend payout ratio (DPR) is currently -8,800.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in SpartanNash in the 4th quarter valued at about $1,910,000. Mackenzie Financial Corp raised its position in shares of SpartanNash by 151.1% in the fourth quarter. Mackenzie Financial Corp now owns 35,518 shares of the company's stock valued at $651,000 after buying an additional 21,371 shares during the last quarter. US Asset Management LLC purchased a new position in shares of SpartanNash during the fourth quarter valued at approximately $190,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in SpartanNash by 40.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 77,650 shares of the company's stock worth $1,423,000 after acquiring an additional 22,223 shares during the last quarter. Finally, Sovereign s Capital Management LLC purchased a new stake in SpartanNash in the 4th quarter worth approximately $461,000. Institutional investors and hedge funds own 84.59% of the company's stock.

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.