Teacher Retirement System of Texas grew its holdings in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 28.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 273,634 shares of the company's stock after purchasing an additional 60,401 shares during the quarter. Teacher Retirement System of Texas owned about 0.81% of SpartanNash worth $5,013,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of SPTN. Yousif Capital Management LLC lifted its position in shares of SpartanNash by 5.9% in the fourth quarter. Yousif Capital Management LLC now owns 13,696 shares of the company's stock worth $251,000 after buying an additional 768 shares during the last quarter. Martingale Asset Management L P lifted its holdings in SpartanNash by 2.2% in the 3rd quarter. Martingale Asset Management L P now owns 48,114 shares of the company's stock worth $1,078,000 after purchasing an additional 1,040 shares during the last quarter. MBM Wealth Consultants LLC boosted its position in SpartanNash by 10.1% during the fourth 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 during the period. Nisa Investment Advisors LLC grew its holdings in SpartanNash by 3,585.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company's stock valued at $32,000 after purchasing an additional 1,685 shares during the last quarter. Finally, Burney Co. raised its position in shares of SpartanNash by 4.2% in the fourth quarter. Burney Co. now owns 65,140 shares of the company's stock valued at $1,193,000 after purchasing an additional 2,599 shares during the period. 84.59% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Northcoast Research downgraded shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 target price on the stock. in a report on Wednesday, February 19th. StockNews.com lowered SpartanNash from a "buy" rating to a "hold" rating in a research note on Wednesday.
Check Out Our Latest Analysis on SpartanNash
SpartanNash Stock Performance
NASDAQ:SPTN traded up $0.14 during trading hours on Thursday, hitting $20.05. 326,028 shares of the company traded hands, compared to its average volume of 246,438. 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 twelve month low of $17.30 and a twelve month high of $23.00. The firm has a 50-day moving average of $19.35 and a 200 day moving average of $19.80. The stock has a market capitalization of $676.99 million, a price-to-earnings ratio of -2,005.00 and a beta of 0.34.
SpartanNash (NASDAQ:SPTN - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.09. During the same quarter in the prior year, the firm posted $0.35 earnings per share. On average, analysts forecast that SpartanNash will post 1.79 EPS for the current year.
SpartanNash Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, March 21st. This is a boost from SpartanNash's previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.39%. SpartanNash's payout ratio is currently -8,800.00%.
About SpartanNash
(
Free Report)
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.
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