SpartanNash (NASDAQ:SPTN) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp increased its stake in SpartanNash (NASDAQ:SPTN - Free Report) by 151.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,518 shares of the company's stock after acquiring an additional 21,371 shares during the period. Mackenzie Financial Corp owned approximately 0.11% of SpartanNash worth $651,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SPTN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in SpartanNash by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,198 shares of the company's stock worth $352,000 after purchasing an additional 732 shares during the period. Yousif Capital Management LLC raised its position in shares of SpartanNash by 5.9% in the 4th quarter. Yousif Capital Management LLC now owns 13,696 shares of the company's stock worth $251,000 after buying an additional 768 shares during the period. BOKF NA boosted its holdings in SpartanNash by 10.6% in the fourth quarter. BOKF NA now owns 13,394 shares of the company's stock valued at $233,000 after acquiring an additional 1,280 shares during the last quarter. MetLife Investment Management LLC grew its position in SpartanNash by 8.1% during the fourth quarter. MetLife Investment Management LLC now owns 21,097 shares of the company's stock valued at $386,000 after acquiring an additional 1,572 shares during the period. Finally, Caxton Associates LP increased its stake in SpartanNash by 5.2% during the fourth quarter. Caxton Associates LP now owns 32,306 shares of the company's stock worth $592,000 after acquiring an additional 1,599 shares during the last quarter. 84.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

SpartanNash Stock Down 0.3%

Shares of NASDAQ SPTN traded down $0.05 during midday trading on Thursday, reaching $18.35. 145,978 shares of the company's stock were exchanged, compared to its average volume of 270,435. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00. The business's fifty day moving average price is $19.58 and its two-hundred day moving average price is $19.23. The stock has a market capitalization of $621.22 million, a PE ratio of -1,835.00 and a beta of 0.42.

SpartanNash (NASDAQ:SPTN - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $2.87 billion. During the same period in the previous year, the business posted $0.53 EPS. The firm's quarterly revenue was up 3.7% compared to the same quarter last year. Analysts forecast that SpartanNash will post 1.79 EPS for the current year.

SpartanNash Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.22 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.88 annualized dividend and a yield of 4.80%. SpartanNash's dividend payout ratio is presently -275.00%.

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.