BlackRock Inc. reduced its stake in shares of SpartanNash Company (NASDAQ:SPTN) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,666,348 shares of the company’s stock after selling 119,535 shares during the period. BlackRock Inc. owned 12.33% of SpartanNash worth $121,139,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. US Bancorp DE increased its stake in shares of SpartanNash by 21.1% in the first quarter. US Bancorp DE now owns 5,540 shares of the company’s stock worth $194,000 after purchasing an additional 965 shares during the period. UBS Asset Management Americas Inc. grew its position in SpartanNash by 119.1% during the first quarter. UBS Asset Management Americas Inc. now owns 22,527 shares of the company’s stock worth $788,000 after buying an additional 12,246 shares in the last quarter. Karp Capital Management Corp acquired a new stake in SpartanNash during the first quarter worth about $593,000. Ameritas Investment Partners Inc. acquired a new stake in SpartanNash during the first quarter worth about $112,000. Finally, Mason Street Advisors LLC grew its position in SpartanNash by 7.1% during the first quarter. Mason Street Advisors LLC now owns 8,773 shares of the company’s stock worth $307,000 after buying an additional 583 shares in the last quarter. Institutional investors own 88.14% of the company’s stock.
Shares of SpartanNash Company (NASDAQ SPTN) opened at 25.21 on Friday. The firm’s 50 day moving average is $25.37 and its 200 day moving average is $28.66. SpartanNash Company has a 12 month low of $22.90 and a 12 month high of $40.38. The company has a market cap of $939.58 million, a PE ratio of 14.46 and a beta of 1.08.
SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings results on Wednesday, August 16th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.96 billion. SpartanNash had a net margin of 0.83% and a return on equity of 10.00%. SpartanNash’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business earned $0.58 EPS. On average, equities analysts predict that SpartanNash Company will post $2.23 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.165 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.66 dividend on an annualized basis and a yield of 2.62%. SpartanNash’s dividend payout ratio is currently 37.93%.
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A number of research firms recently weighed in on SPTN. Jefferies Group LLC reissued a “hold” rating and set a $30.00 target price on shares of SpartanNash in a research report on Friday, August 11th. BidaskClub raised SpartanNash from a “sell” rating to a “hold” rating in a report on Monday, July 31st. ValuEngine raised SpartanNash from a “hold” rating to a “buy” rating in a report on Monday, July 17th. BMO Capital Markets started coverage on SpartanNash in a report on Tuesday, September 12th. They issued a “market perform” rating and a $25.00 target price on the stock. Finally, Zacks Investment Research raised SpartanNash from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. SpartanNash has an average rating of “Hold” and an average price target of $24.80.
SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries.
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