EntryPoint Capital LLC Acquires Shares of 11,663 SpartanNash Company $SPTN

Key Points

• EntryPoint Capital LLC has acquired a new stake in SpartanNash Company, purchasing 11,663 shares valued at approximately $236,000 in the 1st quarter.
• SpartanNash reported earnings of $0.54 per share for the last quarter, exceeding estimates, while its revenue was $2.27 billion, slightly below analyst expectations.
• Institutional investors own 84.59% of SpartanNash's stock, with several hedge funds significantly increasing their positions during the same quarter.

EntryPoint Capital LLC purchased a new stake in shares of SpartanNash Company (NASDAQ:SPTN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,663 shares of the company's stock, valued at approximately $236,000.

Other large investors have also added to or reduced their stakes in the company. State of Wyoming purchased a new stake in SpartanNash during the fourth quarter valued at about $43,000. Tower Research Capital LLC TRC raised its position in SpartanNash by 167.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company's stock valued at $109,000 after purchasing an additional 3,735 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in SpartanNash during the fourth quarter valued at about $113,000. GAMMA Investing LLC raised its position in SpartanNash by 8.5% during the first 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 purchased a new stake in SpartanNash during the fourth quarter valued at about $190,000. Hedge funds and other institutional investors own 84.59% of the company's stock.

SpartanNash Trading Up 0.0%

Shares of NASDAQ SPTN traded up $0.01 during trading hours on Friday, hitting $26.82. The company's stock had a trading volume of 171,527 shares, compared to its average volume of 525,202. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.80 and a current ratio of 1.57. The stock has a market cap of $907.96 million, a price-to-earnings ratio of -55.86 and a beta of 0.46. SpartanNash Company has a 12 month low of $17.30 and a 12 month high of $26.86. The business has a 50-day simple moving average of $26.39 and a 200-day simple moving average of $21.91.

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

SpartanNash Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.3%. SpartanNash's payout ratio is presently -183.33%.

Analyst Ratings Changes

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

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.