LSV Asset Management Has $22.21 Million Stake in SpartanNash Company (NASDAQ:SPTN)

LSV Asset Management grew its holdings in SpartanNash Company (NASDAQ:SPTN - Free Report) by 12.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,096,261 shares of the company's stock after purchasing an additional 118,863 shares during the quarter. LSV Asset Management owned 3.24% of SpartanNash worth $22,210,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in SpartanNash by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 3,250,372 shares of the company's stock worth $59,547,000 after purchasing an additional 57,458 shares in the last quarter. Invesco Ltd. increased its position in SpartanNash by 25.1% during the fourth quarter. Invesco Ltd. now owns 1,243,507 shares of the company's stock worth $22,781,000 after buying an additional 249,616 shares during the period. Bridgeway Capital Management LLC boosted its holdings in shares of SpartanNash by 1.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 496,343 shares of the company's stock valued at $9,093,000 after acquiring an additional 8,652 shares during the period. Northern Trust Corp increased its holdings in shares of SpartanNash by 19.9% in the 4th quarter. Northern Trust Corp now owns 444,377 shares of the company's stock valued at $8,141,000 after acquiring an additional 73,752 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in SpartanNash by 0.5% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 440,712 shares of the company's stock worth $8,074,000 after purchasing an additional 2,247 shares during the last quarter. Institutional investors and hedge funds own 84.59% of the company's stock.

SpartanNash Stock Performance

Shares of SpartanNash stock traded up $0.06 during trading hours on Thursday, reaching $26.61. The company's stock had a trading volume of 336,044 shares, compared to its average volume of 496,349. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.86 and a current ratio of 1.66. SpartanNash Company has a one year low of $17.30 and a one year high of $26.69. The company's 50 day simple moving average is $23.81 and its 200 day simple moving average is $20.99. The stock has a market cap of $900.58 million, a P/E ratio of -83.14 and a beta of 0.46.

SpartanNash (NASDAQ:SPTN - Get Free Report) last posted 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. SpartanNash had a positive return on equity of 8.26% and a negative net margin of 0.11%. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 EPS. As a group, analysts expect that SpartanNash Company will post 1.79 EPS for the current fiscal year.

SpartanNash Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.88 dividend on an annualized basis and a yield of 3.3%. SpartanNash's payout ratio is currently -275.00%.

Analysts Set New Price Targets

Several analysts have commented on the company. BMO Capital Markets reaffirmed a "market perform" rating and set a $26.90 price objective (up from $20.00) on shares of SpartanNash in a research note on Tuesday, June 24th. Wall Street Zen lowered shares of SpartanNash from a "buy" rating to a "hold" rating in a research note on Friday, May 30th.

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.