SpartanNash (NASDAQ:SPTN) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in SpartanNash (NASDAQ:SPTN - Free Report) by 40.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,650 shares of the company's stock after acquiring 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.

Other large investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in SpartanNash by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,198 shares of the company's stock valued at $352,000 after buying an additional 732 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of SpartanNash by 5.9% during the fourth quarter. Yousif Capital Management LLC now owns 13,696 shares of the company's stock valued at $251,000 after acquiring an additional 768 shares during the period. BOKF NA grew its position in SpartanNash by 10.6% in the 4th quarter. BOKF NA now owns 13,394 shares of the company's stock worth $233,000 after purchasing an additional 1,280 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of SpartanNash by 8.1% in the fourth quarter. MetLife Investment Management LLC now owns 21,097 shares of the company's stock valued at $386,000 after purchasing an additional 1,572 shares during the period. Finally, Caxton Associates LP raised its holdings in shares of SpartanNash by 5.2% during the fourth quarter. Caxton Associates LP now owns 32,306 shares of the company's stock valued at $592,000 after buying an additional 1,599 shares during the last quarter. 84.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SPTN shares. Northcoast Research lowered SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price objective for the company. in a report on Wednesday, February 19th. Wall Street Zen cut SpartanNash from a "buy" rating to a "hold" rating in a research note on Friday, May 30th.

SpartanNash Price Performance

NASDAQ:SPTN traded up $0.12 during midday trading on Thursday, hitting $18.21. 338,325 shares of the stock were exchanged, compared to its average volume of 273,157. The company has a market capitalization of $616.41 million, a price-to-earnings ratio of -1,821.00 and a beta of 0.34. 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 has a one year low of $17.30 and a one year high of $23.00. The business has a 50-day moving average price of $19.38 and a two-hundred day moving average price of $19.24.

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

SpartanNash Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.83%. SpartanNash's payout ratio is currently -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.