SpartanNash Company $SPTN Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lessened its stake in SpartanNash Company (NASDAQ:SPTN - Free Report) by 3.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 426,316 shares of the company's stock after selling 14,396 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 1.26% of SpartanNash worth $8,637,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. State of Wyoming acquired a new position in shares of SpartanNash in the 4th quarter valued at $43,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of SpartanNash during the 4th quarter valued at $113,000. AlphaQuest LLC acquired a new position in shares of SpartanNash during the 1st quarter valued at $153,000. GAMMA Investing LLC lifted its holdings in shares of 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 acquiring an additional 636 shares in the last quarter. Finally, US Asset Management LLC acquired a new position in shares of SpartanNash during the 4th quarter valued at $190,000. Institutional investors and hedge funds own 84.59% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SPTN shares. Zacks Research upgraded shares of SpartanNash from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. BMO Capital Markets restated a "market perform" rating and set a $26.90 target price (up previously from $20.00) on shares of SpartanNash in a report on Tuesday, June 24th. Finally, Wall Street Zen lowered shares of 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 data from MarketBeat, SpartanNash has a consensus rating of "Hold" and an average target price of $18.45.

SpartanNash Stock Down 0.1%

SpartanNash stock traded down $0.03 during midday trading on Friday, hitting $26.48. 504,965 shares of the stock were exchanged, compared to its average volume of 739,883. SpartanNash Company has a 1 year low of $17.30 and a 1 year high of $26.89. The firm has a market cap of $896.61 million, a P/E ratio of -55.17 and a beta of 0.50. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.57 and a quick ratio of 0.80. The company has a 50 day moving average price of $26.61 and a two-hundred day moving average price of $22.42.

SpartanNash (NASDAQ:SPTN - Get Free Report) last released its quarterly 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. SpartanNash had a negative net margin of 0.16% and a positive return on equity of 8.19%. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm's quarterly revenue was up 1.8% on a year-over-year basis. On average, sell-side analysts predict that SpartanNash Company will post 1.79 earnings per share for the current fiscal year.

SpartanNash Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid 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 yield of 3.3%. SpartanNash's payout ratio is -183.33%.

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.