Millennium Management LLC Has $1.01 Million Stock Position in SpartanNash (NASDAQ:SPTN)

Millennium Management LLC trimmed its position in SpartanNash (NASDAQ:SPTN - Free Report) by 29.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,962 shares of the company's stock after selling 22,452 shares during the quarter. Millennium Management LLC owned 0.16% of SpartanNash worth $1,007,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SPTN. Tower Research Capital LLC TRC boosted its holdings in SpartanNash by 167.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company's stock worth $109,000 after buying an additional 3,735 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of SpartanNash during the 4th quarter worth approximately $113,000. KLP Kapitalforvaltning AS acquired a new position in shares of SpartanNash during the 4th quarter worth approximately $132,000. Guggenheim Capital LLC acquired a new position in SpartanNash in the 4th quarter valued at $218,000. Finally, Ieq Capital LLC acquired a new position in SpartanNash in the 4th quarter valued at $231,000. 84.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

SpartanNash Price Performance

Shares of NASDAQ:SPTN traded up $0.03 during trading on Friday, reaching $18.44. 423,928 shares of the company traded hands, compared to its average volume of 272,139. The company's 50 day moving average is $19.49 and its two-hundred day moving average is $19.24. The firm has a market capitalization of $624.19 million, a PE ratio of -1,844.00 and a beta of 0.34. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. SpartanNash has a 52 week low of $17.30 and a 52 week high of $23.00.

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

SpartanNash Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.22 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.88 annualized dividend and a yield of 4.77%. SpartanNash's dividend payout ratio is presently -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.