Point72 Asia Singapore Pte. Ltd. Sells 2,674 Shares of SpartanNash (NASDAQ:SPTN)

Point72 Asia Singapore Pte. Ltd. trimmed its stake in shares of SpartanNash (NASDAQ:SPTN) by 65.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,407 shares of the company’s stock after selling 2,674 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in SpartanNash were worth $26,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SPTN. Parallel Advisors LLC increased its holdings in SpartanNash by 58.3% during the 4th quarter. Parallel Advisors LLC now owns 1,255 shares of the company’s stock worth $29,000 after acquiring an additional 462 shares during the period. Larson Financial Group LLC purchased a new position in shares of SpartanNash during the 1st quarter valued at $30,000. nVerses Capital LLC bought a new position in shares of SpartanNash in the second quarter worth $30,000. Canada Pension Plan Investment Board purchased a new stake in shares of SpartanNash in the second quarter worth $34,000. Finally, Blue Trust Inc. boosted its stake in SpartanNash by 5,317.6% during the second quarter. Blue Trust Inc. now owns 1,842 shares of the company’s stock valued at $37,000 after buying an additional 1,808 shares during the period. Hedge funds and other institutional investors own 84.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded SpartanNash from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th.

SpartanNash Trading Up 0.8 %

Shares of SPTN opened at $22.58 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.62 and a quick ratio of 0.80. SpartanNash has a 1-year low of $17.74 and a 1-year high of $24.51. The company has a market capitalization of $761.85 million, a P/E ratio of 14.57 and a beta of 0.39. The firm’s 50 day simple moving average is $21.20 and its 200 day simple moving average is $20.06.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings data on Thursday, August 15th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.03. SpartanNash had a net margin of 0.48% and a return on equity of 8.87%. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the company posted $0.65 EPS. The business’s quarterly revenue was down 3.5% on a year-over-year basis. Sell-side analysts forecast that SpartanNash will post 1.98 earnings per share for the current fiscal year.

SpartanNash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 23rd will be issued a $0.218 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Monday, September 23rd. SpartanNash’s payout ratio is currently 56.13%.

SpartanNash Profile

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.