SpartanNash (NASDAQ:SPTN) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 90.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,994 shares of the company's stock after buying an additional 13,313 shares during the period. Victory Capital Management Inc. owned about 0.08% of SpartanNash worth $513,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its position 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 worth $32,000 after acquiring an additional 1,685 shares during the last quarter. GAMMA Investing LLC grew its stake in SpartanNash by 90.3% during 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. purchased a new stake in SpartanNash during the 3rd quarter worth approximately $211,000. Verition Fund Management LLC acquired a new position in shares of SpartanNash in the 3rd quarter valued at approximately $244,000. Finally, Ieq Capital LLC purchased a new position in shares of SpartanNash during the 4th quarter valued at approximately $231,000. Institutional investors and hedge funds own 84.59% of the company's stock.

SpartanNash Stock Performance

Shares of NASDAQ:SPTN traded down $0.19 on Tuesday, reaching $19.36. 306,202 shares of the company's stock were exchanged, compared to its average volume of 245,649. The business's 50-day moving average is $19.29 and its two-hundred day moving average is $19.82. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. SpartanNash has a fifty-two week low of $17.30 and a fifty-two week high of $23.00. The firm has a market capitalization of $653.69 million, a price-to-earnings ratio of -1,936.00 and a beta of 0.34.

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SpartanNash (NASDAQ:SPTN - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.09. During the same quarter last year, the business posted $0.35 EPS. As a group, equities research analysts forecast that SpartanNash will post 1.79 EPS for the current year.

SpartanNash Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors 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 represents a $0.88 dividend on an annualized basis and a yield of 4.55%. This is a positive change from SpartanNash's previous quarterly dividend of $0.22. SpartanNash's payout ratio is currently -8,800.00%.

Analysts Set New Price Targets

SPTN has been the subject of a number of research analyst reports. Northcoast Research lowered shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price target for the company. in a research note on Wednesday, February 19th. StockNews.com raised shares of SpartanNash from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th.

About SpartanNash

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.