SpartanNash (NASDAQ:SPTN) Position Lifted by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in SpartanNash (NASDAQ:SPTN) by 90.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,461 shares of the company’s stock after purchasing an additional 3,541 shares during the period. GAMMA Investing LLC’s holdings in SpartanNash were worth $137,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SPTN. JPMorgan Chase & Co. raised its stake in SpartanNash by 71.5% during the third quarter. JPMorgan Chase & Co. now owns 102,486 shares of the company’s stock valued at $2,297,000 after buying an additional 42,719 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of SpartanNash in the 3rd quarter valued at approximately $211,000. Barclays PLC lifted its stake in SpartanNash by 120.0% during the third quarter. Barclays PLC now owns 86,412 shares of the company’s stock worth $1,936,000 after purchasing an additional 47,141 shares during the last quarter. Dean Investment Associates LLC boosted its holdings in SpartanNash by 54.2% in the third quarter. Dean Investment Associates LLC now owns 188,335 shares of the company’s stock worth $4,221,000 after purchasing an additional 66,178 shares during the period. Finally, Stifel Financial Corp increased its stake in SpartanNash by 14.7% during the third quarter. Stifel Financial Corp now owns 47,240 shares of the company’s stock valued at $1,059,000 after purchasing an additional 6,058 shares during the last quarter. Institutional investors and hedge funds own 84.59% of the company’s stock.

SpartanNash Stock Up 0.2 %

Shares of SpartanNash stock opened at $18.05 on Friday. SpartanNash has a twelve month low of $17.71 and a twelve month high of $23.07. The stock has a market capitalization of $609.28 million, a price-to-earnings ratio of 13.57 and a beta of 0.35. The company has a current ratio of 1.62, a quick ratio of 0.83 and a debt-to-equity ratio of 0.80. The business’s 50 day simple moving average is $18.97 and its 200-day simple moving average is $20.11.

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

SpartanNash Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were paid a $0.2175 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.87 annualized dividend and a dividend yield of 4.82%. SpartanNash’s payout ratio is currently 65.41%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of SpartanNash from a “buy” rating to a “hold” rating in a research report 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.