27,700 Shares in SpartanNash Company $SPTN Acquired by Versor Investments LP

Key Points

• Versor Investments LP acquired 27,700 shares of SpartanNash Company ($SPTN), valued at approximately $561,000, representing about 0.08% ownership of the company.
• SpartanNash reported a quarterly earnings per share of $0.54, exceeding analysts' estimates, with revenues of $2.27 billion, slightly below expectations.
• The stock of SpartanNash has a 52-week range between $17.30 and $26.71, with a current market cap of $900.41 million.

Versor Investments LP acquired a new stake in SpartanNash Company (NASDAQ:SPTN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 27,700 shares of the company's stock, valued at approximately $561,000. Versor Investments LP owned about 0.08% of SpartanNash at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of SpartanNash during the fourth quarter worth about $319,000. Barclays PLC lifted its position in shares of SpartanNash by 4.9% during the fourth quarter. Barclays PLC now owns 90,633 shares of the company's stock worth $1,659,000 after purchasing an additional 4,221 shares during the last quarter. Mariner LLC lifted its position in shares of SpartanNash by 23.0% during the fourth quarter. Mariner LLC now owns 20,538 shares of the company's stock worth $376,000 after purchasing an additional 3,838 shares during the last quarter. Guggenheim Capital LLC bought a new position in shares of SpartanNash during the fourth quarter worth about $218,000. Finally, MetLife Investment Management LLC lifted its position in shares of SpartanNash by 8.1% during the fourth quarter. MetLife Investment Management LLC now owns 21,097 shares of the company's stock worth $386,000 after purchasing an additional 1,572 shares during the last quarter. 84.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SPTN. Wall Street Zen cut shares of SpartanNash from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Zacks Research raised shares of SpartanNash from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $26.90 price objective (up previously from $20.00) on shares of SpartanNash in a research note on Tuesday, June 24th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, SpartanNash has an average rating of "Hold" and a consensus price target of $18.45.

SpartanNash Price Performance

Shares of NASDAQ SPTN traded down $0.0350 during mid-day trading on Monday, reaching $26.6350. 107,515 shares of the company traded hands, compared to its average volume of 522,536. SpartanNash Company has a fifty-two week low of $17.30 and a fifty-two week high of $26.71. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.57 and a quick ratio of 0.80. The firm has a market cap of $901.86 million, a PE ratio of -55.49 and a beta of 0.46. The stock has a fifty day simple moving average of $25.68 and a 200-day simple moving average of $21.72.

SpartanNash (NASDAQ:SPTN - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.04. SpartanNash had a negative net margin of 0.16% and a positive return on equity of 8.19%. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the business earned $0.59 earnings per share. The business's revenue for the quarter was up 1.8% on a year-over-year basis. Equities research analysts anticipate that SpartanNash Company will post 1.79 EPS for the current fiscal year.

SpartanNash Company 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.