SpartanNash (NASDAQ:SPTN) Shares Bought by Barclays PLC

Barclays PLC lifted its stake in shares of SpartanNash (NASDAQ:SPTN) by 120.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,412 shares of the company’s stock after acquiring an additional 47,141 shares during the quarter. Barclays PLC’s holdings in SpartanNash were worth $1,936,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPTN. American Century Companies Inc. lifted its holdings in SpartanNash by 20.0% in the 2nd quarter. American Century Companies Inc. now owns 744,282 shares of the company’s stock valued at $13,963,000 after acquiring an additional 123,952 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in SpartanNash during the third quarter valued at approximately $1,802,000. Dean Investment Associates LLC boosted its holdings in SpartanNash by 54.2% during the third quarter. Dean Investment Associates LLC now owns 188,335 shares of the company’s stock worth $4,221,000 after buying an additional 66,178 shares in the last quarter. Dana Investment Advisors Inc. increased its holdings in shares of SpartanNash by 14.5% in the second quarter. Dana Investment Advisors Inc. now owns 328,357 shares of the company’s stock valued at $6,160,000 after buying an additional 41,619 shares in the last quarter. Finally, Foundry Partners LLC boosted its stake in shares of SpartanNash by 31.5% during the 2nd quarter. Foundry Partners LLC now owns 160,305 shares of the company’s stock worth $3,007,000 after acquiring an additional 38,425 shares in the last quarter. Institutional investors own 84.59% of the company’s stock.

SpartanNash Trading Down 0.4 %

Shares of NASDAQ SPTN opened at $18.44 on Friday. The stock has a market cap of $622.44 million, a price-to-earnings ratio of 13.86 and a beta of 0.35. The business has a 50 day simple moving average of $19.69 and a 200 day simple moving average of $20.19. SpartanNash has a 52 week low of $17.74 and a 52 week high of $24.51. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.83 and a current ratio of 1.62.

SpartanNash (NASDAQ:SPTN) last issued its earnings results on Thursday, November 7th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.24 billion. SpartanNash had a return on equity of 8.57% and a net margin of 0.48%. SpartanNash’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the business earned $0.54 earnings per share. On average, research analysts predict that SpartanNash will post 1.88 earnings per share for the current fiscal year.

SpartanNash Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.2175 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.87 annualized dividend and a yield of 4.72%. SpartanNash’s dividend payout ratio is currently 65.41%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of SpartanNash from a “buy” rating to a “hold” rating in a research note on Friday, November 8th.

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.