SpartanNash (NASDAQ:SPTN) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. lifted its position in shares of SpartanNash (NASDAQ:SPTN) by 308.8% during the third quarter, HoldingsChannel reports. The firm owned 7,531 shares of the company’s stock after purchasing an additional 5,689 shares during the quarter. Blue Trust Inc.’s holdings in SpartanNash were worth $169,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SPTN. Larson Financial Group LLC acquired a new position in shares of SpartanNash during the first quarter worth $30,000. nVerses Capital LLC acquired a new position in shares of SpartanNash during the second quarter worth $30,000. Canada Pension Plan Investment Board acquired a new position in shares of SpartanNash during the second quarter worth $34,000. GAMMA Investing LLC lifted its position in shares of SpartanNash by 114.4% during the second quarter. GAMMA Investing LLC now owns 2,380 shares of the company’s stock worth $45,000 after purchasing an additional 1,270 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of SpartanNash during the second quarter worth $79,000. 84.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

SpartanNash Trading Down 0.8 %

SPTN opened at $21.15 on Friday. The stock has a market capitalization of $713.60 million, a PE ratio of 15.90 and a beta of 0.39. The firm’s fifty day moving average price is $21.71 and its 200 day moving average price is $20.30. 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 12-month low of $17.74 and a 12-month high of $24.51.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings results on Thursday, August 15th. The company reported $0.59 earnings per share (EPS) for the quarter, beating 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 firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. As a group, research analysts expect that SpartanNash will post 1.98 EPS for the current fiscal year.

SpartanNash Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.218 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.12%. SpartanNash’s dividend payout ratio (DPR) is 65.41%.

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.