SpartanNash Company $SPTN Position Increased by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in SpartanNash Company by 26.7% during the first quarter, now owning 107,071 shares valued at approximately $2.17 million.
• SpartanNash reported earnings per share of $0.54 for the last quarter, surpassing analysts' estimates of $0.50, but had a negative net margin of 0.16%.
• Analyst ratings for SpartanNash have varied, with MBO Capital Markets setting a target price of $26.90 and Zacks upgrading it from a "strong sell" to a "hold" rating.

Public Sector Pension Investment Board boosted its position in shares of SpartanNash Company (NASDAQ:SPTN - Free Report) by 26.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,071 shares of the company's stock after purchasing an additional 22,585 shares during the period. Public Sector Pension Investment Board owned approximately 0.32% of SpartanNash worth $2,169,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. State of Wyoming acquired a new position in SpartanNash during the 4th quarter worth $43,000. Tower Research Capital LLC TRC grew its holdings in SpartanNash by 167.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company's stock worth $109,000 after acquiring an additional 3,735 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in SpartanNash during the 4th quarter worth $113,000. GAMMA Investing LLC grew its holdings in SpartanNash by 8.5% during the 1st quarter. GAMMA Investing LLC now owns 8,097 shares of the company's stock worth $164,000 after acquiring an additional 636 shares in the last quarter. Finally, US Asset Management LLC acquired a new position in SpartanNash during the 4th quarter worth $190,000. 84.59% of the stock is owned by institutional investors and hedge funds.

SpartanNash Price Performance

Shares of SPTN stock traded up $0.11 during midday trading on Tuesday, reaching $26.78. 838,489 shares of the company were exchanged, compared to its average volume of 766,848. SpartanNash Company has a 12 month low of $17.30 and a 12 month high of $26.80. The company has a market cap of $906.77 million, a P/E ratio of -55.79 and a beta of 0.46. The company's 50 day moving average price is $26.03 and its two-hundred day moving average price is $21.82. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.80 and a current ratio of 1.57.

SpartanNash (NASDAQ:SPTN - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.54 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the previous year, the firm earned $0.59 EPS. SpartanNash's revenue was up 1.8% on a year-over-year basis. On average, sell-side analysts expect that SpartanNash Company will post 1.79 earnings per share for the current year.

Analysts Set New Price Targets

SPTN has been the subject of several research reports. Wall Street Zen lowered shares of SpartanNash from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Zacks Research raised shares of SpartanNash from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and issued a $26.90 price target (up from $20.00) on shares of SpartanNash in a report on Tuesday, June 24th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $18.45.

SpartanNash 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.