AE Wealth Management LLC Buys Shares of 10,657 SpartanNash (NASDAQ:SPTN)

AE Wealth Management LLC purchased a new position in shares of SpartanNash (NASDAQ:SPTN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,657 shares of the company’s stock, valued at approximately $200,000.

Several other large investors also recently modified their holdings of SPTN. Vanguard Group Inc. increased its holdings in SpartanNash by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,123,088 shares of the company’s stock valued at $63,118,000 after buying an additional 20,262 shares during the period. American Century Companies Inc. boosted its stake in shares of 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 purchasing an additional 123,952 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of SpartanNash by 7.2% during the 1st quarter. ProShare Advisors LLC now owns 364,537 shares of the company’s stock worth $7,367,000 after buying an additional 24,578 shares in the last quarter. Ellsworth Advisors LLC raised its holdings in shares of SpartanNash by 3.5% during the second quarter. Ellsworth Advisors LLC now owns 221,939 shares of the company’s stock valued at $4,164,000 after purchasing an additional 7,524 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in shares of SpartanNash by 29.6% during the fourth quarter. Allianz Asset Management GmbH now owns 183,172 shares of the company’s stock valued at $4,204,000 after acquiring an additional 41,832 shares in the last quarter. 84.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

SpartanNash Stock Down 0.3 %

Shares of NASDAQ SPTN opened at $22.24 on Friday. The firm has a market capitalization of $750.38 million, a price-to-earnings ratio of 14.35 and a beta of 0.39. The company has a current ratio of 1.62, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. SpartanNash has a 12 month low of $17.74 and a 12 month high of $24.51. The business has a 50-day moving average of $21.16 and a 200-day moving average of $20.04.

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

SpartanNash Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 23rd will be given a $0.218 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Monday, September 23rd. SpartanNash’s dividend payout ratio (DPR) is 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.