17,387 Shares in SpartanNash (NASDAQ:SPTN) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of SpartanNash (NASDAQ:SPTN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 17,387 shares of the company's stock, valued at approximately $319,000. Raymond James Financial Inc. owned 0.05% of SpartanNash at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPTN. Yousif Capital Management LLC boosted its stake in shares of SpartanNash by 5.9% during the 4th quarter. Yousif Capital Management LLC now owns 13,696 shares of the company's stock worth $251,000 after acquiring an additional 768 shares in the last quarter. MBM Wealth Consultants LLC lifted its holdings in shares of SpartanNash by 10.1% during the fourth quarter. MBM Wealth Consultants LLC now owns 13,083 shares of the company's stock valued at $238,000 after purchasing an additional 1,203 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of SpartanNash by 3,585.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company's stock valued at $32,000 after purchasing an additional 1,685 shares during the period. Burney Co. increased its stake in SpartanNash by 4.2% in the 4th quarter. Burney Co. now owns 65,140 shares of the company's stock worth $1,193,000 after purchasing an additional 2,599 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings in SpartanNash by 17.6% during the 4th quarter. Inspire Investing LLC now owns 21,567 shares of the company's stock worth $395,000 after buying an additional 3,227 shares during the period. 84.59% of the stock is currently owned by institutional investors.

SpartanNash Stock Down 0.1 %

Shares of SpartanNash stock opened at $19.09 on Friday. SpartanNash has a 1 year low of $17.30 and a 1 year high of $23.00. The company has a market cap of $646.12 million, a P/E ratio of -1,909.00 and a beta of 0.42. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00. The stock has a 50-day moving average price of $19.79 and a 200 day moving average price of $19.34.

SpartanNash (NASDAQ:SPTN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.09. During the same quarter in the previous year, the business earned $0.35 earnings per share. As a group, analysts expect that SpartanNash will post 1.79 EPS for the current fiscal year.

SpartanNash Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were given a dividend of $0.22 per share. This is a boost from SpartanNash's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.88 dividend on an annualized basis and a yield of 4.61%. SpartanNash's dividend payout ratio (DPR) is presently -8,800.00%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SPTN. StockNews.com upgraded shares of SpartanNash from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Northcoast Research lowered shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price objective for the company. in a research note on Wednesday, February 19th.

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.

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