Teacher Retirement System of Texas cut its position in SpartanNash Company (NASDAQ:SPTN - Free Report) by 8.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 249,235 shares of the company's stock after selling 24,399 shares during the quarter. Teacher Retirement System of Texas owned 0.74% of SpartanNash worth $5,050,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake 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 purchasing an additional 57,458 shares during the period. Invesco Ltd. boosted its stake 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 purchasing an additional 249,616 shares during the period. American Century Companies Inc. boosted its stake 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 purchasing an additional 129,907 shares during the period. LSV Asset Management boosted its stake 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 purchasing an additional 20,546 shares during the period. Finally, Bridgeway Capital Management LLC boosted its stake 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 purchasing an additional 8,652 shares during the period. 84.59% of the stock is currently owned by hedge funds and other institutional investors.
SpartanNash Stock Up 0.1%
SPTN traded up $0.02 during trading on Friday, hitting $26.57. The company had a trading volume of 523,420 shares, compared to its average volume of 364,862. The company has a market cap of $899.39 million, a PE ratio of -83.03 and a beta of 0.44. SpartanNash Company has a 1-year low of $17.30 and a 1-year high of $26.94. The business has a 50-day moving average of $21.18 and a 200-day moving average of $19.94. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.66 and a quick ratio of 0.86.
SpartanNash (NASDAQ:SPTN - Get Free Report) last issued its 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). The business had revenue of $2.91 billion for 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 firm's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the company posted $0.53 earnings per share. As a group, analysts forecast that SpartanNash Company will post 1.79 earnings per share for the current year.
SpartanNash Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.22 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.31%. SpartanNash's dividend payout ratio (DPR) is presently -275.00%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of SpartanNash from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $26.90 price target (up from $20.00) on shares of SpartanNash in a report on Tuesday, June 24th.
Read Our Latest Stock Report on SpartanNash
About SpartanNash
(
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.
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