American Century Companies Inc. Has $13.96 Million Holdings in SpartanNash (NASDAQ:SPTN)

American Century Companies Inc. grew its position in shares of SpartanNash (NASDAQ:SPTN) by 20.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 744,282 shares of the company’s stock after acquiring an additional 123,952 shares during the period. American Century Companies Inc.’s holdings in SpartanNash were worth $13,963,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC boosted its stake in shares of 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 in the last quarter. SummerHaven Investment Management LLC lifted its holdings in SpartanNash by 2.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 34,421 shares of the company’s stock worth $646,000 after purchasing an additional 752 shares during the last quarter. Illinois Municipal Retirement Fund boosted its position in SpartanNash by 5.1% during the first quarter. Illinois Municipal Retirement Fund now owns 20,671 shares of the company’s stock worth $418,000 after purchasing an additional 1,007 shares during the period. Commonwealth Equity Services LLC grew its holdings in SpartanNash by 3.9% during the first quarter. Commonwealth Equity Services LLC now owns 33,323 shares of the company’s stock valued at $673,000 after purchasing an additional 1,241 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in SpartanNash by 114.4% during the second quarter. GAMMA Investing LLC now owns 2,380 shares of the company’s stock valued at $45,000 after purchasing an additional 1,270 shares during the last quarter. 84.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SPTN has been the topic of several recent analyst reports. BMO Capital Markets dropped their target price on shares of SpartanNash from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Friday, May 31st. StockNews.com upgraded SpartanNash from a “hold” rating to a “buy” rating in a research note on Wednesday.

SpartanNash Stock Down 1.2 %

NASDAQ SPTN opened at $21.66 on Friday. SpartanNash has a twelve month low of $17.74 and a twelve month high of $24.51. The stock has a market cap of $734.10 million, a PE ratio of 13.97 and a beta of 0.39. The firm has a 50-day simple moving average of $20.91 and a 200 day simple moving average of $19.98. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.62.

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

SpartanNash Dividend Announcement

The firm 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 dividend of $0.218 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Monday, September 23rd. SpartanNash’s payout ratio is 56.13%.

About SpartanNash

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.