Teacher Retirement System of Texas Sells 24,399 Shares of SpartanNash Company (NASDAQ:SPTN)

Teacher Retirement System of Texas lessened its stake in shares of SpartanNash Company (NASDAQ:SPTN - Free Report) by 8.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 249,235 shares of the company's stock after selling 24,399 shares during the period. Teacher Retirement System of Texas owned 0.74% of SpartanNash worth $5,050,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of SpartanNash by 1.8% during the 4th 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. lifted 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 purchasing an additional 249,616 shares during the period. American Century Companies Inc. grew its stake in SpartanNash by 14.2% during the fourth quarter. American Century Companies Inc. now owns 1,042,192 shares of the company's stock worth $19,093,000 after buying an additional 129,907 shares in the last quarter. LSV Asset Management increased its holdings in SpartanNash by 2.1% in the 4th 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 period. Finally, Bridgeway Capital Management LLC raised its position in shares of SpartanNash by 1.8% in the 4th 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 in the last quarter. 84.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SPTN has been the topic of several analyst reports. BMO Capital Markets reiterated a "market perform" rating and set a $26.90 price target (up previously from $20.00) on shares of SpartanNash in a research report on Tuesday, June 24th. Wall Street Zen downgraded SpartanNash from a "buy" rating to a "hold" rating in a report on Friday, May 30th.

SpartanNash Stock Down 0.3%

SPTN stock opened at $26.52 on Tuesday. The firm has a 50-day moving average price of $20.50 and a 200-day moving average price of $19.68. SpartanNash Company has a 12 month low of $17.30 and a 12 month high of $26.65. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $897.70 million, a P/E ratio of -82.88 and a beta of 0.44.

SpartanNash (NASDAQ:SPTN - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). SpartanNash had a negative net margin of 0.11% and a positive return on equity of 8.26%. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the company earned $0.53 EPS. SpartanNash's revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities research analysts anticipate that SpartanNash Company will post 1.79 EPS for the current fiscal year.

SpartanNash Announces Dividend

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 $0.22 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.88 annualized dividend and a yield of 3.32%. SpartanNash's dividend payout ratio is presently -275.00%.

About SpartanNash

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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