D. E. Shaw & Co. Inc. Has $2.09 Million Stock Holdings in SpartanNash (NASDAQ:SPTN)

D. E. Shaw & Co. Inc. cut its stake in SpartanNash (NASDAQ:SPTN - Free Report) by 29.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,026 shares of the company's stock after selling 47,326 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.34% of SpartanNash worth $2,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SPTN. Teacher Retirement System of Texas raised its position in SpartanNash by 28.3% during the fourth quarter. Teacher Retirement System of Texas now owns 273,634 shares of the company's stock valued at $5,013,000 after acquiring an additional 60,401 shares in the last quarter. Barclays PLC increased its stake in shares of SpartanNash by 120.0% during the 3rd quarter. Barclays PLC now owns 86,412 shares of the company's stock worth $1,936,000 after purchasing an additional 47,141 shares during the last quarter. Dana Investment Advisors Inc. raised its holdings in shares of SpartanNash by 16.7% during the 4th quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company's stock valued at $6,280,000 after purchasing an additional 48,987 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of SpartanNash in the 4th quarter valued at $319,000. Finally, Ieq Capital LLC acquired a new stake in shares of SpartanNash in the 4th quarter valued at $231,000. 84.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Northcoast Research lowered SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 target price on the stock. in a report on Wednesday, February 19th. Wall Street Zen downgraded SpartanNash from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th.

SpartanNash Stock Performance

Shares of SPTN traded down $0.15 on Monday, reaching $18.81. 243,261 shares of the stock traded hands, compared to its average volume of 268,717. The firm has a market cap of $636.79 million, a price-to-earnings ratio of -1,881.00 and a beta of 0.42. SpartanNash has a 12 month low of $17.30 and a 12 month high of $23.00. The stock's 50-day moving average price is $19.62 and its 200-day moving average price is $19.19. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, June 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.68%. SpartanNash's dividend payout ratio is -8,800.00%.

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.