AMH Equity Ltd Has $1.62 Million Stake in SpartanNash Company (NASDAQ:SPTN)

AMH Equity Ltd trimmed its position in shares of SpartanNash Company (NASDAQ:SPTN - Free Report) by 36.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,000 shares of the company's stock after selling 45,000 shares during the period. SpartanNash makes up 2.4% of AMH Equity Ltd's portfolio, making the stock its 15th biggest holding. AMH Equity Ltd owned approximately 0.24% of SpartanNash worth $1,621,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New York State Common Retirement Fund increased its position in SpartanNash by 43.0% during the first quarter. New York State Common Retirement Fund now owns 54,354 shares of the company's stock worth $1,101,000 after acquiring an additional 16,332 shares during the period. Significant Wealth Partners LLC grew its position in SpartanNash by 21.5% in the 1st quarter. Significant Wealth Partners LLC now owns 23,521 shares of the company's stock worth $477,000 after purchasing an additional 4,161 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of SpartanNash by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 168,064 shares of the company's stock worth $3,405,000 after purchasing an additional 4,391 shares during the period. MBM Wealth Consultants LLC raised its position in shares of SpartanNash by 17.6% during the first quarter. MBM Wealth Consultants LLC now owns 15,388 shares of the company's stock valued at $315,000 after buying an additional 2,305 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of SpartanNash by 14.5% during the first quarter. Exchange Traded Concepts LLC now owns 92,117 shares of the company's stock valued at $1,866,000 after buying an additional 11,699 shares during the last quarter. 84.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. BMO Capital Markets restated a "market perform" rating and issued a $26.90 target price (up from $20.00) on shares of SpartanNash in a research note on Tuesday, June 24th. Wall Street Zen cut shares of SpartanNash from a "buy" rating to a "hold" rating in a research note on Friday, May 30th.

SpartanNash Trading Up 0.0%

Shares of SpartanNash stock traded up $0.01 on Friday, hitting $26.57. 513,781 shares of the company's stock traded hands, compared to its average volume of 370,913. The firm's 50-day moving average price is $21.93 and its two-hundred day moving average price is $20.22. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.66 and a quick ratio of 0.86. The stock has a market capitalization of $899.39 million, a PE ratio of -83.03 and a beta of 0.44. SpartanNash Company has a one year low of $17.30 and a one year high of $26.69.

SpartanNash (NASDAQ:SPTN - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates 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. SpartanNash had a positive return on equity of 8.26% and a negative net margin of 0.11%. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 earnings per share. On average, research analysts expect that SpartanNash Company will post 1.79 EPS for the current fiscal year.

SpartanNash Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Friday, June 13th. SpartanNash's payout ratio is -275.00%.

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.