Vanguard Group Inc. Boosts Stake in SpartanNash (NASDAQ:SPTN)

Vanguard Group Inc. lifted its holdings in SpartanNash (NASDAQ:SPTN - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,250,372 shares of the company's stock after buying an additional 57,458 shares during the quarter. Vanguard Group Inc. owned 9.63% of SpartanNash worth $59,547,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Yousif Capital Management LLC raised its position in shares of SpartanNash by 5.9% during the 4th quarter. Yousif Capital Management LLC now owns 13,696 shares of the company's stock worth $251,000 after purchasing an additional 768 shares during the last quarter. MBM Wealth Consultants LLC lifted its position in shares of SpartanNash by 10.1% in the fourth quarter. MBM Wealth Consultants LLC now owns 13,083 shares of the company's stock valued at $238,000 after acquiring an additional 1,203 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of 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 acquiring an additional 1,685 shares during the last quarter. Burney Co. increased its position in SpartanNash by 4.2% during the 4th quarter. Burney Co. now owns 65,140 shares of the company's stock worth $1,193,000 after purchasing an additional 2,599 shares in the last quarter. Finally, Inspire Investing LLC raised its stake in SpartanNash by 17.6% in the 4th quarter. Inspire Investing LLC now owns 21,567 shares of the company's stock valued at $395,000 after purchasing an additional 3,227 shares during the last quarter. Institutional investors and hedge funds own 84.59% of the company's stock.

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SpartanNash Trading Up 1.4 %

SpartanNash stock traded up $0.28 during trading on Wednesday, reaching $19.62. The company had a trading volume of 96,446 shares, compared to its average volume of 263,001. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57. The firm has a market capitalization of $664.06 million, a price-to-earnings ratio of -1,962.00 and a beta of 0.53. SpartanNash has a 12-month low of $17.30 and a 12-month high of $23.00. The stock's 50 day moving average price is $19.82 and its two-hundred day moving average price is $19.58.

SpartanNash (NASDAQ:SPTN - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.09. During the same period last year, the firm posted $0.35 earnings per share. As a group, equities analysts expect 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 was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were paid a dividend of $0.22 per share. This is an increase from SpartanNash's previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 4.49%. The ex-dividend date was Friday, March 21st. SpartanNash's payout ratio is currently -8,800.00%.

Analyst Ratings Changes

SPTN has been the subject of a number of recent research reports. Northcoast Research downgraded shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price target for the company. in a report on Wednesday, February 19th. StockNews.com raised SpartanNash from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd.

SpartanNash 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.