UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Holdings in SpartanNash (NASDAQ:SPTN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 40.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,650 shares of the company's stock after buying an additional 22,223 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of SpartanNash worth $1,423,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SPTN. Invesco Ltd. lifted its stake in shares of SpartanNash by 25.1% during 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 period. American Century Companies Inc. increased its position 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 purchasing an additional 129,907 shares during the last quarter. JPMorgan Chase & Co. raised its stake in SpartanNash by 115.6% during the fourth quarter. JPMorgan Chase & Co. now owns 220,964 shares of the company's stock worth $4,048,000 after purchasing an additional 118,478 shares during the period. ProShare Advisors LLC boosted its holdings in shares of SpartanNash by 31.3% in the 4th quarter. ProShare Advisors LLC now owns 422,921 shares of the company's stock valued at $7,748,000 after purchasing an additional 100,833 shares during the last quarter. Finally, AMH Equity Ltd grew its stake in shares of SpartanNash by 316.7% during the 4th quarter. AMH Equity Ltd now owns 125,000 shares of the company's stock valued at $2,290,000 after buying an additional 95,000 shares during the period. Hedge funds and other institutional investors own 84.59% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on SPTN. Northcoast Research downgraded 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. Wall Street Zen lowered shares of SpartanNash from a "buy" rating to a "hold" rating in a research report on Friday, May 30th.

SpartanNash Trading Up 0.2%

NASDAQ:SPTN opened at $18.44 on Monday. The business's 50-day moving average is $19.49 and its two-hundred day moving average is $19.24. The firm has a market capitalization of $624.19 million, a PE ratio of -1,844.00 and a beta of 0.34. SpartanNash has a 12 month low of $17.30 and a 12 month high of $23.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.78.

SpartanNash (NASDAQ:SPTN - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.87 billion. The company's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 EPS. Research analysts predict that SpartanNash will post 1.79 earnings per share for the current fiscal year.

SpartanNash Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.88 dividend on an annualized basis and a yield of 4.77%. SpartanNash's dividend payout ratio (DPR) is -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.

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