Dean Capital Management Has $1.74 Million Stake in SpartanNash Company $SPTN

Key Points

• Dean Capital Management significantly increased its stake in SpartanNash Company by 203.6% in the first quarter, holding a total of 85,777 shares valued at approximately $1.74 million.
• SpartanNash announced a quarterly dividend of $0.22 per share, set to be paid on September 30th, with a dividend yield of 3.3%.
• The company reported $0.54 earnings per share for the last quarter, surpassing the expected estimate of $0.50, despite a slight revenue shortfall of $2.27 billion against a forecast of $2.29 billion.

Dean Capital Management boosted its holdings in SpartanNash Company (NASDAQ:SPTN - Free Report) by 203.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,777 shares of the company's stock after purchasing an additional 57,523 shares during the quarter. Dean Capital Management owned 0.25% of SpartanNash worth $1,738,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Caxton Associates LLP acquired a new stake in SpartanNash in the 1st quarter worth about $502,000. Millennium Management LLC increased its holdings in SpartanNash by 837.8% in the 1st quarter. Millennium Management LLC now owns 515,436 shares of the company's stock valued at $10,443,000 after buying an additional 460,474 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in SpartanNash by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,056 shares of the company's stock valued at $406,000 after buying an additional 858 shares during the period. Bridgeway Capital Management LLC increased its holdings in SpartanNash by 1.6% in the 1st quarter. Bridgeway Capital Management LLC now owns 504,229 shares of the company's stock valued at $10,216,000 after buying an additional 7,886 shares during the period. Finally, AQR Capital Management LLC increased its holdings in SpartanNash by 2.4% in the 1st quarter. AQR Capital Management LLC now owns 140,160 shares of the company's stock valued at $2,840,000 after buying an additional 3,349 shares during the period. Institutional investors and hedge funds own 84.59% of the company's stock.

SpartanNash Trading Down 0.1%

Shares of SpartanNash stock opened at $26.80 on Tuesday. The firm has a market capitalization of $907.45 million, a PE ratio of -55.83 and a beta of 0.50. The company has a current ratio of 1.57, a quick ratio of 0.80 and a debt-to-equity ratio of 0.96. The firm's 50 day moving average is $26.61 and its 200 day moving average is $22.27. SpartanNash Company has a 1 year low of $17.30 and a 1 year high of $26.89.

SpartanNash (NASDAQ:SPTN - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.04. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.29 billion. SpartanNash had a negative net margin of 0.16% and a positive return on equity of 8.19%. The firm's revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 EPS. Equities research analysts forecast that SpartanNash Company will post 1.79 earnings per share for the current fiscal year.

SpartanNash Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.88 annualized dividend and a dividend yield of 3.3%. SpartanNash's payout ratio is -183.33%.

Wall Street Analysts Forecast Growth

Several research firms have commented on SPTN. Zacks Research raised shares of SpartanNash from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Wall Street Zen lowered shares of SpartanNash from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $26.90 target price (up from $20.00) on shares of SpartanNash in a report on Tuesday, June 24th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $18.45.

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.

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