SpartanNash Company $SPTN Position Increased by Dean Capital Management

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 raised its holdings in shares of SpartanNash Company (NASDAQ:SPTN - Free Report) by 203.6% in the first quarter, according to the company in 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 quarter.

A number of other hedge funds have also recently bought and sold shares of SPTN. State of Wyoming acquired a new stake in SpartanNash during the 4th quarter valued at approximately $43,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in SpartanNash during the 4th quarter valued at approximately $113,000. AlphaQuest LLC acquired a new stake in SpartanNash during the 1st quarter valued at approximately $153,000. GAMMA Investing LLC grew its stake in SpartanNash by 8.5% during the 1st quarter. GAMMA Investing LLC now owns 8,097 shares of the company's stock valued at $164,000 after purchasing an additional 636 shares in the last quarter. Finally, US Asset Management LLC acquired a new stake in SpartanNash during the 4th quarter valued at approximately $190,000. Institutional investors and hedge funds own 84.59% of the company's stock.

Wall Street Analysts Forecast Growth

SPTN has been the subject of a number of recent analyst reports. Zacks Research upgraded SpartanNash from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. BMO Capital Markets restated a "market perform" rating and set a $26.90 price objective (up previously from $20.00) on shares of SpartanNash in a research note on Tuesday, June 24th. Finally, Wall Street Zen downgraded SpartanNash from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of "Hold" and an average target price of $18.45.

SpartanNash Stock Performance

NASDAQ:SPTN traded down $0.03 during trading hours on Friday, reaching $26.48. 504,965 shares of the stock were exchanged, compared to its average volume of 706,530. The company has a quick ratio of 0.80, a current ratio of 1.57 and a debt-to-equity ratio of 0.96. The firm has a 50 day simple moving average of $26.61 and a 200-day simple moving average of $22.46. SpartanNash Company has a 52 week low of $17.30 and a 52 week high of $26.89. The stock has a market capitalization of $896.56 million, a P/E ratio of -55.17 and a beta of 0.50.

SpartanNash (NASDAQ:SPTN - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.04. SpartanNash had a positive return on equity of 8.19% and a negative net margin of 0.16%.The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the business posted $0.59 EPS. SpartanNash's quarterly revenue was up 1.8% compared to the same quarter last year. As a group, sell-side 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 $0.22 dividend. 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 dividend payout ratio (DPR) is -183.33%.

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.