Mackenzie Financial Corp Increases Stock Position in SpartanNash (NASDAQ:SPTN)

Mackenzie Financial Corp raised its stake in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 151.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,518 shares of the company's stock after purchasing an additional 21,371 shares during the period. Mackenzie Financial Corp owned 0.11% of SpartanNash worth $651,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of SpartanNash by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 3,250,372 shares of the company's stock valued at $59,547,000 after buying an additional 57,458 shares during the last quarter. Invesco Ltd. raised its position in shares of SpartanNash by 25.1% in the fourth quarter. Invesco Ltd. now owns 1,243,507 shares of the company's stock valued at $22,781,000 after buying an additional 249,616 shares during the last quarter. American Century Companies Inc. raised its position in shares of SpartanNash by 14.2% in the fourth quarter. American Century Companies Inc. now owns 1,042,192 shares of the company's stock valued at $19,093,000 after buying an additional 129,907 shares during the last quarter. LSV Asset Management raised its position in shares of SpartanNash by 2.1% in the fourth quarter. LSV Asset Management now owns 977,398 shares of the company's stock valued at $17,906,000 after buying an additional 20,546 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its position 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 buying an additional 8,652 shares during the last quarter. 84.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented 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 cut shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 target price for the company. in a research report on Wednesday, February 19th.

SpartanNash Trading Up 0.2%

SpartanNash stock traded up $0.03 during midday trading on Friday, hitting $18.44. 423,928 shares of the stock were exchanged, compared to its average volume of 272,139. SpartanNash has a fifty-two week low of $17.30 and a fifty-two week high of $23.00. The stock has a market capitalization of $624.19 million, a price-to-earnings ratio of -1,844.00 and a beta of 0.34. The stock's 50-day simple moving average is $19.54 and its 200 day simple moving average is $19.24. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00.

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 the consensus estimate of $0.43 by ($0.08). The company had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $2.87 billion. During the same period in the prior year, the firm posted $0.53 EPS. The company's revenue was up 3.7% compared to the same quarter last year. On average, equities analysts anticipate that SpartanNash will post 1.79 EPS for the current year.

SpartanNash Announces Dividend

The company 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. This represents a $0.88 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend is Friday, June 13th. SpartanNash's payout ratio is currently -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.