SG Americas Securities LLC bought a new stake in SpartanNash Company (NASDAQ:SPTN - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,040 shares of the company's stock, valued at approximately $426,000. SG Americas Securities LLC owned approximately 0.06% of SpartanNash as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. State of Wyoming bought a new stake in shares of SpartanNash in the 4th quarter valued at approximately $43,000. Tower Research Capital LLC TRC increased its holdings in shares of SpartanNash by 167.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company's stock valued at $109,000 after acquiring an additional 3,735 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of SpartanNash in the 4th quarter valued at approximately $113,000. KLP Kapitalforvaltning AS bought a new stake in shares of SpartanNash in the 4th quarter valued at approximately $132,000. Finally, GAMMA Investing LLC increased its holdings in shares of SpartanNash by 8.5% in 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 during the last quarter. 84.59% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. BMO Capital Markets boosted their price target on SpartanNash from $20.00 to $26.90 and gave the company a "market perform" rating in a report on Tuesday. Wall Street Zen downgraded SpartanNash from a "buy" rating to a "hold" rating in a report on Friday, May 30th.
Get Our Latest Research Report on SpartanNash
SpartanNash Trading Down 0.5%
NASDAQ:SPTN opened at $26.45 on Wednesday. SpartanNash Company has a 12-month low of $17.30 and a 12-month high of $26.65. The firm has a market capitalization of $895.33 million, a P/E ratio of -82.66 and a beta of 0.34. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.66 and a quick ratio of 0.86. The business has a 50 day simple moving average of $19.33 and a 200 day simple moving average of $19.24.
SpartanNash (NASDAQ:SPTN - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.08). SpartanNash had a negative net margin of 0.11% and a positive return on equity of 8.26%. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts predict that SpartanNash Company will post 1.79 EPS for the current year.
SpartanNash Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.88 dividend on an annualized basis and a yield of 3.33%. SpartanNash's dividend payout ratio is currently -275.00%.
SpartanNash Profile
(
Free Report)
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.
Further Reading
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