Versor Investments LP Buys New Shares in SpartanNash Company $SPTN

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 bought a new position in SpartanNash Company (NASDAQ:SPTN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 27,700 shares of the company's stock, valued at approximately $561,000. Versor Investments LP owned approximately 0.08% of SpartanNash at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its stake in SpartanNash by 13.0% in the 1st quarter. American Century Companies Inc. now owns 1,177,857 shares of the company's stock valued at $23,863,000 after buying an additional 135,665 shares during the period. LSV Asset Management grew its position in SpartanNash by 12.2% in the first quarter. LSV Asset Management now owns 1,096,261 shares of the company's stock worth $22,210,000 after acquiring an additional 118,863 shares in the last quarter. Bridgeway Capital Management LLC grew its position in SpartanNash by 1.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 496,343 shares of the company's stock worth $9,093,000 after acquiring an additional 8,652 shares in the last quarter. Northern Trust Corp grew its position in SpartanNash by 19.9% in the fourth quarter. Northern Trust Corp now owns 444,377 shares of the company's stock worth $8,141,000 after acquiring an additional 73,752 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in SpartanNash by 0.5% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 440,712 shares of the company's stock worth $8,074,000 after acquiring an additional 2,247 shares in the last quarter. Institutional investors and hedge funds own 84.59% of the company's stock.

Wall Street Analyst Weigh In

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

SpartanNash Price Performance

Shares of NASDAQ SPTN remained flat at $26.67 during trading hours on Monday. 561,304 shares of the company traded hands, compared to its average volume of 775,321. The stock has a market cap of $903.05 million, a price-to-earnings ratio of -55.56 and a beta of 0.46. SpartanNash Company has a fifty-two week low of $17.30 and a fifty-two week high of $26.71. The business's 50 day moving average is $25.85 and its 200 day moving average is $21.78. The company has a quick ratio of 0.80, a current ratio of 1.57 and a debt-to-equity ratio of 0.96.

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

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.