Trexquant Investment LP reduced its holdings in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 47.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 34,487 shares of the company's stock after selling 31,134 shares during the period. Trexquant Investment LP owned approximately 0.10% of SpartanNash worth $632,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of SpartanNash by 115.6% during the fourth quarter. JPMorgan Chase & Co. now owns 220,964 shares of the company's stock worth $4,048,000 after buying an additional 118,478 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of SpartanNash in the 4th quarter valued at approximately $236,000. TrueMark Investments LLC purchased a new position in shares of SpartanNash in the 4th quarter valued at approximately $1,238,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of SpartanNash by 14.6% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 136,740 shares of the company's stock valued at $2,505,000 after purchasing an additional 17,398 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of SpartanNash by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 3,250,372 shares of the company's stock worth $59,547,000 after purchasing an additional 57,458 shares during the last quarter. 84.59% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
SPTN has been the topic of several recent research reports. StockNews.com raised shares of SpartanNash from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Northcoast Research lowered SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price objective on the stock. in a report on Wednesday, February 19th.
Check Out Our Latest Analysis on SPTN
SpartanNash Price Performance
Shares of SPTN traded down $0.42 during trading hours on Tuesday, reaching $19.34. The company had a trading volume of 210,185 shares, compared to its average volume of 263,729. The company has a market capitalization of $654.58 million, a price-to-earnings ratio of -1,934.00 and a beta of 0.53. SpartanNash has a 12-month low of $17.30 and a 12-month high of $23.00. The firm has a 50 day simple moving average of $19.81 and a 200-day simple moving average of $19.58. 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 (NASDAQ:SPTN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.33 by $0.09. During the same period in the previous year, the business posted $0.35 EPS. Research analysts expect that SpartanNash will post 1.79 earnings per share for the current year.
SpartanNash Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were given a $0.22 dividend. The ex-dividend date was Friday, March 21st. This is a positive change from SpartanNash's previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 4.55%. 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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