SpartanNash (NASDAQ:SPTN) Shares Sold by Millennium Management LLC

Millennium Management LLC lowered its position in SpartanNash (NASDAQ:SPTN - Free Report) by 29.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 54,962 shares of the company's stock after selling 22,452 shares during the period. Millennium Management LLC owned 0.16% of SpartanNash worth $1,007,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Teacher Retirement System of Texas boosted its stake in shares of SpartanNash by 28.3% in the 4th quarter. Teacher Retirement System of Texas now owns 273,634 shares of the company's stock valued at $5,013,000 after buying an additional 60,401 shares during the period. Barclays PLC lifted its holdings in shares of SpartanNash by 120.0% during the third quarter. Barclays PLC now owns 86,412 shares of the company's stock worth $1,936,000 after purchasing an additional 47,141 shares during the period. Dana Investment Advisors Inc. increased its stake in SpartanNash by 16.7% in the 4th quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company's stock valued at $6,280,000 after buying an additional 48,987 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of SpartanNash in the fourth quarter valued at about $319,000. Finally, Ieq Capital LLC acquired a new position in shares of SpartanNash during the fourth quarter worth about $231,000. Hedge funds and other institutional investors own 84.59% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on SPTN. Wall Street Zen lowered shares of SpartanNash from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Northcoast Research cut shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 target price for the company. in a report on Wednesday, February 19th.

SpartanNash Price Performance

SpartanNash stock traded up $0.28 during midday trading on Monday, reaching $18.72. 292,115 shares of the company were exchanged, compared to its average volume of 271,711. The firm's 50-day simple moving average is $19.49 and its 200-day simple moving average is $19.25. SpartanNash has a 1 year low of $17.30 and a 1 year high of $23.00. The company has a market capitalization of $633.67 million, a price-to-earnings ratio of -1,872.00 and a beta of 0.34. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57.

SpartanNash (NASDAQ:SPTN - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). The business had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $2.87 billion. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. On average, analysts anticipate that SpartanNash will post 1.79 EPS for the current year.

SpartanNash Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.22 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.88 annualized dividend and a yield of 4.70%. SpartanNash's dividend payout ratio is currently -275.00%.

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.