Universal Beteiligungs und Servicegesellschaft mbH Takes $1.91 Million Position in SpartanNash (NASDAQ:SPTN)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of SpartanNash (NASDAQ:SPTN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 104,253 shares of the company's stock, valued at approximately $1,910,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.31% of SpartanNash as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its holdings in SpartanNash by 28.3% during the fourth quarter. Teacher Retirement System of Texas now owns 273,634 shares of the company's stock worth $5,013,000 after buying an additional 60,401 shares in the last quarter. Barclays PLC boosted its holdings in SpartanNash by 120.0% during the third quarter. Barclays PLC now owns 86,412 shares of the company's stock worth $1,936,000 after buying an additional 47,141 shares in the last quarter. Dana Investment Advisors Inc. boosted its holdings in SpartanNash by 16.7% during the fourth quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company's stock worth $6,280,000 after buying an additional 48,987 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in SpartanNash during the fourth quarter worth $319,000. Finally, Ieq Capital LLC purchased a new stake in SpartanNash during the fourth quarter worth $231,000. 84.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPTN has been the subject of a number of research analyst reports. Northcoast Research cut shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price objective for the company. in a research report on Wednesday, February 19th. Wall Street Zen cut shares of SpartanNash from a "buy" rating to a "hold" rating in a research report on Friday, May 30th.

SpartanNash Price Performance

NASDAQ:SPTN traded up $0.03 during trading hours on Friday, reaching $18.44. 423,928 shares of the company were exchanged, compared to its average volume of 272,139. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00. The stock's 50-day moving average is $19.54 and its 200-day moving average is $19.24. The firm has a market cap of $624.19 million, a PE ratio of -1,844.00 and a beta of 0.34. SpartanNash has a twelve month low of $17.30 and a twelve month high of $23.00.

SpartanNash (NASDAQ:SPTN - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $2.87 billion. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 EPS. On average, sell-side analysts anticipate that SpartanNash will post 1.79 earnings per share for the current fiscal year.

SpartanNash Dividend Announcement

The firm also recently announced 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 4.77%. The ex-dividend date is Friday, June 13th. 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.