SpartanNash (NASDAQ:SPTN) Shares Purchased by Ballentine Partners LLC

Ballentine Partners LLC raised its holdings in SpartanNash (NASDAQ:SPTN) by 7.4% in the third quarter, Holdings Channel reports. The fund owned 23,452 shares of the company’s stock after buying an additional 1,617 shares during the period. Ballentine Partners LLC’s holdings in SpartanNash were worth $526,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in shares of SpartanNash by 56.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 95,418 shares of the company’s stock valued at $1,928,000 after purchasing an additional 34,384 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in SpartanNash by 3.9% during the first quarter. Commonwealth Equity Services LLC now owns 33,323 shares of the company’s stock worth $673,000 after buying an additional 1,241 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in SpartanNash by 14.0% in the 1st quarter. BNP Paribas Financial Markets now owns 41,642 shares of the company’s stock valued at $842,000 after buying an additional 5,110 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of SpartanNash in the 1st quarter worth $30,000. Finally, Quantbot Technologies LP raised its holdings in shares of SpartanNash by 351.6% during the 1st quarter. Quantbot Technologies LP now owns 16,805 shares of the company’s stock worth $340,000 after acquiring an additional 13,084 shares during the period. 84.59% of the stock is owned by hedge funds and other institutional investors.

SpartanNash Stock Down 0.8 %

SPTN stock opened at $21.15 on Monday. The firm has a market cap of $716.82 million, a PE ratio of 13.65 and a beta of 0.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.62. The firm’s 50 day moving average price is $21.71 and its 200-day moving average price is $20.30. SpartanNash has a one year low of $17.74 and a one year high of $24.51.

SpartanNash (NASDAQ:SPTN) last posted its earnings results on Thursday, August 15th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. SpartanNash had a return on equity of 8.87% and a net margin of 0.48%. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the business earned $0.65 earnings per share. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, equities research analysts anticipate that SpartanNash will post 1.98 EPS for the current year.

SpartanNash Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a yield of 4.12%. The ex-dividend date was Monday, September 23rd. SpartanNash’s dividend payout ratio (DPR) is presently 56.13%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of SpartanNash from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th.

SpartanNash Company 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.