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SpartanNash Company (NASDAQ:SPTN) Position Increased by New York State Common Retirement Fund

SpartanNash logo with Retail/Wholesale background

New York State Common Retirement Fund lifted its position in shares of SpartanNash Company (NASDAQ:SPTN - Free Report) by 43.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 54,354 shares of the company's stock after acquiring an additional 16,332 shares during the period. New York State Common Retirement Fund owned 0.16% of SpartanNash worth $1,101,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its position in shares of SpartanNash by 8.5% during the first quarter. GAMMA Investing LLC now owns 8,097 shares of the company's stock worth $164,000 after acquiring an additional 636 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in SpartanNash by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,198 shares of the company's stock valued at $352,000 after buying an additional 732 shares in the last quarter. SummerHaven Investment Management LLC grew its position in SpartanNash by 1.9% in the 1st quarter. SummerHaven Investment Management LLC now owns 42,807 shares of the company's stock valued at $867,000 after buying an additional 789 shares in the last quarter. BOKF NA grew its position in SpartanNash by 10.6% in the 4th quarter. BOKF NA now owns 13,394 shares of the company's stock valued at $233,000 after buying an additional 1,280 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in SpartanNash by 8.1% in the 4th quarter. MetLife Investment Management LLC now owns 21,097 shares of the company's stock valued at $386,000 after buying an additional 1,572 shares in the last quarter. Institutional investors own 84.59% of the company's stock.

SpartanNash Price Performance

NASDAQ SPTN traded up $0.01 on Monday, reaching $26.55. The company's stock had a trading volume of 730,769 shares, compared to its average volume of 752,926. SpartanNash Company has a twelve month low of $17.30 and a twelve month high of $26.69. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.86 and a current ratio of 1.66. The stock has a market cap of $898.72 million, a PE ratio of -82.97 and a beta of 0.44. The firm's 50 day moving average is $22.80 and its two-hundred day moving average is $20.61.

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

SpartanNash Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Friday, June 13th. SpartanNash's payout ratio is -275.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SPTN shares. BMO Capital Markets reiterated a "market perform" rating and issued a $26.90 target price (up previously from $20.00) on shares of SpartanNash in a research report on Tuesday, June 24th. Wall Street Zen lowered shares of SpartanNash from a "buy" rating to a "hold" rating in a research report on Friday, May 30th.

View Our Latest Report on SpartanNash

SpartanNash Company 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.

See Also

Institutional Ownership by Quarter for SpartanNash (NASDAQ:SPTN)

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