SpartanNash (NASDAQ:SPTN) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in SpartanNash (NASDAQ:SPTN - Free Report) by 2,098.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 164,045 shares of the company's stock after acquiring an additional 156,584 shares during the quarter. GAMMA Investing LLC owned about 0.48% of SpartanNash worth $3,324,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SPTN. Invesco Ltd. boosted its position in SpartanNash by 25.1% during the fourth quarter. Invesco Ltd. now owns 1,243,507 shares of the company's stock valued at $22,781,000 after purchasing an additional 249,616 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of SpartanNash by 14.2% in the 4th 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. grew its position in shares of SpartanNash by 115.6% in 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 last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of SpartanNash during the 4th quarter worth approximately $1,910,000. Finally, ProShare Advisors LLC raised its stake in shares of SpartanNash by 31.3% during the 4th quarter. ProShare Advisors LLC now owns 422,921 shares of the company's stock worth $7,748,000 after acquiring an additional 100,833 shares in the last quarter. 84.59% of the stock is owned by institutional investors.

SpartanNash Stock Performance

SPTN stock traded up $0.12 during trading on Thursday, reaching $18.21. The company had a trading volume of 338,325 shares, compared to its average volume of 273,384. SpartanNash has a twelve month low of $17.30 and a twelve month high of $23.00. The firm has a 50-day simple moving average of $19.38 and a 200-day simple moving average of $19.24. 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 $616.41 million, a price-to-earnings ratio of -1,821.00 and a beta of 0.34.

SpartanNash (NASDAQ:SPTN - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.08). The firm had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $2.87 billion. SpartanNash's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. As a group, sell-side analysts expect that SpartanNash will post 1.79 earnings per share for the current year.

SpartanNash Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.22 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.83%. SpartanNash's payout ratio is -275.00%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Northcoast Research lowered shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price target 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 Friday, May 30th.

SpartanNash Company 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.