Goldman Sachs Group Inc. Reduces Position in SpartanNash (SPTN)

Goldman Sachs Group Inc. decreased its holdings in shares of SpartanNash (NASDAQ:SPTN) by 58.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 165,135 shares of the company’s stock after selling 233,895 shares during the quarter. Goldman Sachs Group Inc.’s holdings in SpartanNash were worth $4,406,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SPTN. Janus Henderson Group PLC acquired a new stake in SpartanNash during the third quarter worth about $20,161,000. BlackRock Inc. increased its stake in shares of SpartanNash by 2.2% in the fourth quarter. BlackRock Inc. now owns 4,781,861 shares of the company’s stock valued at $127,582,000 after purchasing an additional 102,108 shares during the period. Ameriprise Financial Inc. increased its stake in shares of SpartanNash by 23.0% in the third quarter. Ameriprise Financial Inc. now owns 519,717 shares of the company’s stock valued at $13,706,000 after purchasing an additional 97,074 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of SpartanNash in the fourth quarter valued at approximately $1,569,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of SpartanNash by 14.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 452,425 shares of the company’s stock valued at $12,071,000 after purchasing an additional 58,009 shares during the period. Hedge funds and other institutional investors own 89.71% of the company’s stock.

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Shares of NASDAQ:SPTN opened at $18.04 on Monday. The company has a current ratio of 2.03, a quick ratio of 0.82 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $650.32, a price-to-earnings ratio of 8.59, a PEG ratio of 1.33 and a beta of 1.10. SpartanNash has a 52 week low of $16.32 and a 52 week high of $37.83.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. SpartanNash had a negative net margin of 0.65% and a positive return on equity of 10.08%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the business earned $0.53 earnings per share. sell-side analysts predict that SpartanNash will post 2.26 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Friday, March 16th were issued a $0.18 dividend. The ex-dividend date was Thursday, March 15th. This is a boost from SpartanNash’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 3.99%. SpartanNash’s dividend payout ratio (DPR) is 34.29%.

Several equities research analysts have commented on the stock. Northcoast Research lowered shares of SpartanNash from a “buy” rating to a “neutral” rating in a research note on Friday, January 5th. BMO Capital Markets upgraded shares of SpartanNash from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $25.00 to $23.00 in a research note on Friday, March 2nd. They noted that the move was a valuation call. Pivotal Research restated a “sell” rating and issued a $20.00 price target (down previously from $21.00) on shares of SpartanNash in a research note on Wednesday, February 21st. Zacks Investment Research upgraded shares of SpartanNash from a “sell” rating to a “hold” rating in a research note on Saturday, February 24th. Finally, ValuEngine lowered shares of SpartanNash from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $22.20.

In related news, CFO Mark Shamber acquired 5,500 shares of the firm’s stock in a transaction dated Friday, March 2nd. The stock was acquired at an average cost of $18.24 per share, for a total transaction of $100,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.00% of the company’s stock.

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SpartanNash Profile

SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 60,000 stock-keeping units, such as 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 pharmacy products to independent retail locations, food service distributors, and corporate-owned retail stores.

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Institutional Ownership by Quarter for SpartanNash (NASDAQ:SPTN)

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