SpartanNash Company (NASDAQ:SPTN) Stock Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in SpartanNash Company (NASDAQ:SPTN - Free Report) by 4.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 458,355 shares of the company's stock after selling 23,183 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.35% of SpartanNash worth $9,286,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SPTN. State of Wyoming purchased a new stake in SpartanNash during the 4th quarter valued at $43,000. Tower Research Capital LLC TRC lifted its holdings in SpartanNash by 167.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company's stock worth $109,000 after buying an additional 3,735 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of SpartanNash during the 4th quarter valued at $113,000. KLP Kapitalforvaltning AS purchased a new stake in shares of SpartanNash during the 4th quarter valued at $132,000. Finally, GAMMA Investing LLC increased its position in shares of SpartanNash by 8.5% in the 1st quarter. GAMMA Investing LLC now owns 8,097 shares of the company's stock valued at $164,000 after acquiring an additional 636 shares during the period. 84.59% of the stock is currently owned by institutional investors.

SpartanNash Price Performance

NASDAQ SPTN traded up $0.01 during trading hours on Tuesday, hitting $26.58. The company had a trading volume of 440,960 shares, compared to its average volume of 372,209. The firm has a market capitalization of $899.73 million, a price-to-earnings ratio of -83.06 and a beta of 0.44. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.86 and a current ratio of 1.66. The firm has a 50 day simple moving average of $22.07 and a 200 day simple moving average of $20.31. SpartanNash Company has a 52 week low of $17.30 and a 52 week high of $26.69.

SpartanNash (NASDAQ:SPTN - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). SpartanNash had a positive return on equity of 8.26% and a negative net margin of 0.11%. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the firm posted $0.53 earnings per share. The company's revenue was up 3.7% compared to the same quarter last year. Equities research analysts expect that SpartanNash Company will post 1.79 earnings per share for the current year.

SpartanNash Announces Dividend

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

Analysts Set New Price Targets

SPTN has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of SpartanNash from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. BMO Capital Markets restated a "market perform" rating and set a $26.90 target price (up previously from $20.00) on shares of SpartanNash in a research report on Tuesday, June 24th.

About SpartanNash

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.