Ameriprise Financial Inc. Has $3.91 Million Holdings in SpartanNash (NASDAQ:SPTN)

Ameriprise Financial Inc. boosted its holdings in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 40.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 213,417 shares of the company's stock after buying an additional 61,816 shares during the quarter. Ameriprise Financial Inc. owned 0.63% of SpartanNash worth $3,912,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Yousif Capital Management LLC lifted its holdings in shares of SpartanNash by 5.9% in the fourth quarter. Yousif Capital Management LLC now owns 13,696 shares of the company's stock valued at $251,000 after purchasing an additional 768 shares in the last quarter. MetLife Investment Management LLC boosted its stake in SpartanNash by 8.1% during the 4th quarter. MetLife Investment Management LLC now owns 21,097 shares of the company's stock valued at $386,000 after acquiring an additional 1,572 shares during the last quarter. Nisa Investment Advisors LLC lifted 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 worth $32,000 after buying an additional 1,685 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in SpartanNash by 5.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,046 shares of the company's stock valued at $752,000 after purchasing an additional 2,131 shares during the last quarter. Finally, Inspire Investing LLC lifted its position in SpartanNash by 17.6% in the 4th quarter. Inspire Investing LLC now owns 21,567 shares of the company's stock valued at $395,000 after purchasing an additional 3,227 shares during the last quarter. 84.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on SPTN shares. Wall Street Zen cut shares of SpartanNash from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. Northcoast Research cut 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 Trading Down 8.6%

Shares of NASDAQ SPTN traded down $1.85 during mid-day trading on Friday, hitting $19.59. The company's stock had a trading volume of 380,743 shares, compared to its average volume of 285,332. The stock has a market cap of $663.20 million, a price-to-earnings ratio of -1,961.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.78. SpartanNash has a one year low of $17.30 and a one year high of $23.00. The company's fifty day simple moving average is $19.65 and its 200-day simple moving average is $19.21.

SpartanNash (NASDAQ:SPTN - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. The company's revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. On average, sell-side analysts anticipate that SpartanNash will post 1.79 earnings per share for the current fiscal year.

SpartanNash Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.22 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.49%. SpartanNash's dividend payout ratio is -8,800.00%.

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.