State Street Corp Sells 52,316 Shares of SpartanNash (NASDAQ:SPTN)

State Street Corp lessened its stake in SpartanNash (NASDAQ:SPTN - Free Report) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,333,355 shares of the company's stock after selling 52,316 shares during the quarter. State Street Corp owned 3.95% of SpartanNash worth $30,175,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPTN. American Century Companies Inc. lifted its holdings in shares of SpartanNash by 20.0% during the 2nd quarter. American Century Companies Inc. now owns 744,282 shares of the company's stock valued at $13,963,000 after buying an additional 123,952 shares during the last quarter. Verition Fund Management LLC bought a new position in SpartanNash during the third quarter valued at approximately $244,000. Dana Investment Advisors Inc. lifted its stake in SpartanNash by 14.5% in the second quarter. Dana Investment Advisors Inc. now owns 328,357 shares of the company's stock valued at $6,160,000 after acquiring an additional 41,619 shares during the last quarter. AQR Capital Management LLC grew its position in SpartanNash by 17.8% in the second quarter. AQR Capital Management LLC now owns 197,551 shares of the company's stock worth $3,706,000 after acquiring an additional 29,849 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of SpartanNash during the 2nd quarter worth $638,000. Hedge funds and other institutional investors own 84.59% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of SpartanNash from a "buy" rating to a "hold" rating in a research note on Friday, November 8th.

SpartanNash Stock Performance

Shares of NASDAQ SPTN remained flat at $19.40 during mid-day trading on Friday. The stock had a trading volume of 1,180,637 shares, compared to its average volume of 253,899. The company's fifty day moving average is $19.90 and its two-hundred day moving average is $20.21. The company has a current ratio of 1.62, a quick ratio of 0.83 and a debt-to-equity ratio of 0.80. SpartanNash has a fifty-two week low of $17.74 and a fifty-two week high of $24.51. The stock has a market cap of $654.85 million, a PE ratio of 14.59 and a beta of 0.35.

SpartanNash (NASDAQ:SPTN - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. SpartanNash had a return on equity of 8.57% and a net margin of 0.48%. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the company posted $0.54 earnings per share. The company's revenue for the quarter was down .6% compared to the same quarter last year. Research analysts forecast that SpartanNash will post 1.88 earnings per share for the current year.

SpartanNash Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date is Monday, December 9th. 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.