Jane Street Group LLC Decreases Stock Holdings in SpartanNash (NASDAQ:SPTN)

Jane Street Group LLC lessened its stake in SpartanNash (NASDAQ:SPTN - Free Report) by 75.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,181 shares of the company's stock after selling 75,359 shares during the quarter. Jane Street Group LLC owned approximately 0.07% of SpartanNash worth $461,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in shares of SpartanNash by 3,585.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company's stock valued at $32,000 after purchasing an additional 1,685 shares during the period. Tower Research Capital LLC TRC lifted its holdings in SpartanNash by 167.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company's stock worth $109,000 after buying an additional 3,735 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of SpartanNash in the 4th quarter valued at $132,000. Guggenheim Capital LLC acquired a new stake in shares of SpartanNash in the 4th quarter valued at $218,000. Finally, Ieq Capital LLC acquired a new stake in shares of SpartanNash in the 4th quarter valued at $231,000. 84.59% of the stock is currently owned by institutional investors and hedge funds.

SpartanNash Price Performance

SPTN stock traded down $0.40 during trading on Monday, reaching $19.06. 492,983 shares of the company were exchanged, compared to its average volume of 271,044. The company has a market cap of $645.26 million, a P/E ratio of -1,906.00 and a beta of 0.42. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00. The stock's 50 day moving average price is $19.65 and its 200 day moving average price is $19.24. 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 (NASDAQ:SPTN - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. SpartanNash's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. As a group, analysts predict that SpartanNash will post 1.79 earnings per share for the current fiscal year.

SpartanNash Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date is Friday, June 13th. SpartanNash's dividend payout ratio is presently -275.00%.

Analyst Upgrades and Downgrades

SPTN has been the topic of a number of recent analyst reports. Northcoast Research downgraded shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 target price on the stock. in a research report on Wednesday, February 19th. Wall Street Zen downgraded shares of SpartanNash from a "buy" rating to a "hold" rating in a report on Friday.

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.