American Century Companies Inc. Buys 129,907 Shares of SpartanNash (NASDAQ:SPTN)

American Century Companies Inc. boosted its holdings in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 14.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,042,192 shares of the company's stock after buying an additional 129,907 shares during the quarter. American Century Companies Inc. owned approximately 3.09% of SpartanNash worth $19,093,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC raised its holdings in SpartanNash by 3,585.1% in the 4th 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. GAMMA Investing LLC boosted its holdings in shares of SpartanNash by 90.3% in the 4th quarter. GAMMA Investing LLC now owns 7,461 shares of the company's stock valued at $137,000 after purchasing an additional 3,541 shares in the last quarter. Franklin Resources Inc. bought a new position in SpartanNash in the third quarter valued at about $211,000. Ieq Capital LLC bought a new stake in shares of SpartanNash during the 4th quarter valued at approximately $231,000. Finally, MBM Wealth Consultants LLC increased its position in SpartanNash by 10.1% during the 4th quarter. MBM Wealth Consultants LLC now owns 13,083 shares of the company's stock worth $238,000 after purchasing an additional 1,203 shares in the last quarter. 84.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. StockNews.com downgraded SpartanNash from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Northcoast Research cut shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price objective on the stock. in a research note on Wednesday, February 19th.

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SpartanNash Trading Down 0.8 %

SPTN stock traded down $0.17 during trading on Wednesday, hitting $20.53. The company had a trading volume of 79,998 shares, compared to its average volume of 260,363. The stock has a market cap of $693.20 million, a PE ratio of -2,053.00 and a beta of 0.34. The business has a 50-day moving average of $19.52 and a 200-day moving average of $19.75. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00. SpartanNash has a one year low of $17.30 and a one year high of $23.00.

SpartanNash (NASDAQ:SPTN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.09. During the same quarter last year, the company posted $0.35 earnings per share. Research analysts predict that SpartanNash will post 1.79 earnings per share for the current fiscal year.

SpartanNash Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.29%. This is an increase from SpartanNash's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, March 21st. SpartanNash's payout ratio is currently -8,800.00%.

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.