SpartanNash (NASDAQ:SPTN) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its position in SpartanNash (NASDAQ:SPTN - Free Report) by 21.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,252 shares of the company's stock after selling 13,128 shares during the period. BNP Paribas Financial Markets owned about 0.15% of SpartanNash worth $902,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SPTN. Invesco Ltd. raised its holdings in SpartanNash by 25.1% in the 4th quarter. Invesco Ltd. now owns 1,243,507 shares of the company's stock worth $22,781,000 after purchasing an additional 249,616 shares during the period. American Century Companies Inc. increased its position in shares of SpartanNash by 14.2% in the fourth quarter. American Century Companies Inc. now owns 1,042,192 shares of the company's stock valued at $19,093,000 after buying an additional 129,907 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of SpartanNash by 115.6% during the 4th quarter. JPMorgan Chase & Co. now owns 220,964 shares of the company's stock worth $4,048,000 after buying an additional 118,478 shares during the period. AMH Equity Ltd lifted its position in shares of SpartanNash by 316.7% during the 4th quarter. AMH Equity Ltd now owns 125,000 shares of the company's stock valued at $2,290,000 after buying an additional 95,000 shares in the last quarter. Finally, Northern Trust Corp grew its stake in SpartanNash by 19.9% in the 4th quarter. Northern Trust Corp now owns 444,377 shares of the company's stock valued at $8,141,000 after acquiring an additional 73,752 shares during the period. 84.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SPTN has been the subject of a number of research analyst reports. 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 report on Wednesday, February 19th. Wall Street Zen downgraded shares of SpartanNash from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th.

SpartanNash Price Performance

Shares of SPTN traded up $0.73 during trading hours on Tuesday, hitting $19.54. 284,800 shares of the stock were exchanged, compared to its average volume of 268,781. The stock's 50-day moving average price is $19.61 and its two-hundred day moving average price is $19.19. SpartanNash has a 12-month low of $17.30 and a 12-month high of $23.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57. The company has a market cap of $661.51 million, a price-to-earnings ratio of -1,954.00 and a beta of 0.42.

SpartanNash Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued 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 yield of 4.50%. SpartanNash's payout ratio is -8,800.00%.

SpartanNash 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.