Jacobs Levy Equity Management Inc. Sells 14,396 Shares of SpartanNash Company $SPTN

Jacobs Levy Equity Management Inc. cut its stake in SpartanNash Company (NASDAQ:SPTN - Free Report) by 3.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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.

Several other institutional investors have also added to or reduced their stakes in SPTN. GAMMA Investing LLC raised its holdings in SpartanNash by 2,098.7% in the 1st quarter. GAMMA Investing LLC now owns 164,045 shares of the company's stock worth $3,324,000 after purchasing an additional 156,584 shares in the last quarter. American Century Companies Inc. grew its position in shares of SpartanNash by 13.0% in the 1st quarter. American Century Companies Inc. now owns 1,177,857 shares of the company's stock worth $23,863,000 after buying an additional 135,665 shares during the period. LSV Asset Management grew its position in shares of SpartanNash by 12.2% in the 1st quarter. LSV Asset Management now owns 1,096,261 shares of the company's stock worth $22,210,000 after buying an additional 118,863 shares during the period. Phocas Financial Corp. grew its position in shares of SpartanNash by 49.3% in the 1st quarter. Phocas Financial Corp. now owns 324,606 shares of the company's stock worth $6,577,000 after buying an additional 107,125 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of SpartanNash in the 4th quarter worth about $1,910,000. 84.59% of the stock is currently owned by institutional investors.

SpartanNash Stock Performance

Shares of NASDAQ SPTN traded down $0.03 during trading on Friday, reaching $26.48. 504,965 shares of the company traded hands, compared to its average volume of 739,883. The firm has a 50 day simple moving average of $26.61 and a 200-day simple moving average of $22.44. 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 stock has a market capitalization of $896.61 million, a PE ratio of -55.17 and a beta of 0.50. SpartanNash Company has a 52-week low of $17.30 and a 52-week 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 analysts' consensus estimates of $0.50 by $0.04. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.29 billion. SpartanNash had a negative net margin of 0.16% and a positive return on equity of 8.19%. The business's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 EPS. Equities research analysts anticipate that SpartanNash Company will post 1.79 earnings per share for the current year.

SpartanNash Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on SPTN shares. BMO Capital Markets reaffirmed a "market perform" rating and issued a $26.90 target price (up from $20.00) on shares of SpartanNash in a research report on Tuesday, June 24th. Wall Street Zen downgraded shares of SpartanNash from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Zacks Research raised shares of SpartanNash from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, SpartanNash has an average rating of "Hold" and a consensus 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.