ProShare Advisors LLC lifted its position in SpartanNash (NASDAQ:SPTN – Free Report) by 23.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 339,143 shares of the company’s stock after purchasing an additional 63,747 shares during the quarter. ProShare Advisors LLC owned 0.97% of SpartanNash worth $8,411,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. Captrust Financial Advisors boosted its stake in shares of SpartanNash by 5.2% in the 3rd quarter. Captrust Financial Advisors now owns 6,907 shares of the company’s stock valued at $200,000 after purchasing an additional 344 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in SpartanNash by 25.0% during the 4th quarter. Quadrant Capital Group LLC now owns 2,170 shares of the company’s stock valued at $66,000 after acquiring an additional 434 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in SpartanNash by 1.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 23,788 shares of the company’s stock valued at $718,000 after acquiring an additional 442 shares during the period. US Bancorp DE boosted its holdings in SpartanNash by 10.7% during the 1st quarter. US Bancorp DE now owns 5,275 shares of the company’s stock valued at $174,000 after acquiring an additional 508 shares during the period. Finally, Swiss National Bank boosted its holdings in SpartanNash by 0.7% during the 4th quarter. Swiss National Bank now owns 86,280 shares of the company’s stock valued at $2,609,000 after acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 81.49% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on SPTN shares. StockNews.com started coverage on shares of SpartanNash in a research note on Thursday, August 17th. They set a “buy” rating on the stock. BMO Capital Markets reduced their target price on SpartanNash from $29.00 to $23.00 in a report on Wednesday, June 7th.
SpartanNash Stock Performance
Shares of SpartanNash stock opened at $21.25 on Friday. The company has a current ratio of 1.62, a quick ratio of 0.76 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $735.59 million, a P/E ratio of 18.32, a P/E/G ratio of 2.56 and a beta of 0.70. The business has a fifty day simple moving average of $22.08 and a two-hundred day simple moving average of $23.26. SpartanNash has a 12 month low of $20.57 and a 12 month high of $37.75.
SpartanNash (NASDAQ:SPTN – Get Free Report) last announced its quarterly earnings data on Thursday, August 17th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.36 billion. SpartanNash had a return on equity of 9.82% and a net margin of 0.42%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 earnings per share. On average, equities analysts forecast that SpartanNash will post 2.26 earnings per share for the current fiscal year.
SpartanNash Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.86 annualized dividend and a dividend yield of 4.05%. SpartanNash’s payout ratio is 74.14%.
About SpartanNash
SpartanNash Company distributes and retails grocery products. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, 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 accounts, food service distributors, e-commerce providers, and corporate owned retail stores.
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