Millennium Management LLC Trims Holdings in SpartanNash Co (SPTN)

Millennium Management LLC lessened its stake in shares of SpartanNash Co (NASDAQ:SPTN) by 7.7% during the 4th quarter, HoldingsChannel reports. The fund owned 248,398 shares of the company’s stock after selling 20,764 shares during the period. Millennium Management LLC’s holdings in SpartanNash were worth $4,267,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Thrivent Financial for Lutherans boosted its position in SpartanNash by 0.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 113,666 shares of the company’s stock valued at $1,952,000 after acquiring an additional 564 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in SpartanNash by 77.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,588 shares of the company’s stock valued at $27,000 after acquiring an additional 692 shares in the last quarter. Advisor Group Inc. boosted its position in SpartanNash by 28.4% during the 4th quarter. Advisor Group Inc. now owns 3,213 shares of the company’s stock valued at $55,000 after acquiring an additional 711 shares in the last quarter. United Services Automobile Association boosted its position in SpartanNash by 7.0% during the 4th quarter. United Services Automobile Association now owns 13,345 shares of the company’s stock valued at $229,000 after acquiring an additional 876 shares in the last quarter. Finally, Texas Permanent School Fund boosted its position in SpartanNash by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 23,519 shares of the company’s stock valued at $404,000 after acquiring an additional 910 shares in the last quarter. 86.67% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on the company. Zacks Investment Research raised SpartanNash from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. ValuEngine raised SpartanNash from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. BidaskClub raised SpartanNash from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. Finally, Barclays cut SpartanNash from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, March 12th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.33.

SpartanNash stock opened at $16.86 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 2.10 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $600.76 million, a PE ratio of 9.02, a price-to-earnings-growth ratio of 1.89 and a beta of 1.21. SpartanNash Co has a 1-year low of $15.30 and a 1-year high of $26.99.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings data on Wednesday, February 20th. The company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.07). The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.93 billion. SpartanNash had a return on equity of 9.31% and a net margin of 0.42%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 EPS. As a group, equities research analysts expect that SpartanNash Co will post 1.77 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.19 dividend. This is a boost from SpartanNash’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.51%. SpartanNash’s dividend payout ratio (DPR) is presently 40.64%.

In other news, Director Yvonne R. Jackson sold 1,800 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $18.33, for a total value of $32,994.00. Following the completion of the sale, the director now owns 33,081 shares of the company’s stock, valued at approximately $606,374.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Elizabeth A. Nickels sold 4,676 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $17.45, for a total value of $81,596.20. Following the completion of the sale, the director now directly owns 42,493 shares of the company’s stock, valued at approximately $741,502.85. The disclosure for this sale can be found here. Insiders sold a total of 11,152 shares of company stock valued at $188,845 in the last three months. Insiders own 2.40% of the company’s stock.

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About SpartanNash

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 retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores.

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Institutional Ownership by Quarter for SpartanNash (NASDAQ:SPTN)

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