Invesco Ltd. Grows Position in SpartanNash (NASDAQ:SPTN)

Invesco Ltd. boosted its stake in SpartanNash (NASDAQ:SPTN - Free Report) by 25.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,243,507 shares of the company's stock after buying an additional 249,616 shares during the period. Invesco Ltd. owned 3.68% of SpartanNash worth $22,781,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SPTN. Vanguard Group Inc. boosted its position in shares of SpartanNash by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 3,250,372 shares of the company's stock valued at $59,547,000 after purchasing an additional 57,458 shares in the last quarter. American Century Companies Inc. lifted its position in SpartanNash by 14.2% during the 4th quarter. American Century Companies Inc. now owns 1,042,192 shares of the company's stock valued at $19,093,000 after acquiring an additional 129,907 shares during the period. Bank of New York Mellon Corp lifted its position in SpartanNash by 13.3% during the 4th quarter. Bank of New York Mellon Corp now owns 481,538 shares of the company's stock valued at $8,822,000 after acquiring an additional 56,677 shares during the period. Dana Investment Advisors Inc. grew its holdings in SpartanNash by 16.7% in the fourth quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company's stock worth $6,280,000 after purchasing an additional 48,987 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in shares of SpartanNash by 28.3% during the fourth quarter. Teacher Retirement System of Texas now owns 273,634 shares of the company's stock valued at $5,013,000 after purchasing an additional 60,401 shares in the last quarter. 84.59% of the stock is owned by institutional investors.

SpartanNash Stock Performance

SPTN traded down $0.13 during mid-day trading on Thursday, reaching $20.39. 55,182 shares of the company traded hands, compared to its average volume of 263,318. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00. The stock has a market capitalization of $690.12 million, a P/E ratio of -2,041.70 and a beta of 0.53. The company's fifty day moving average price is $19.88 and its 200-day moving average price is $19.52.

SpartanNash (NASDAQ:SPTN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.09. During the same quarter in the prior year, the company posted $0.35 EPS. On average, sell-side analysts expect that SpartanNash will post 1.79 EPS for the current year.

SpartanNash Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were given a $0.22 dividend. This is a positive change from SpartanNash's previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date was Friday, March 21st. SpartanNash's dividend payout ratio is presently -8,800.00%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. StockNews.com upgraded SpartanNash from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Northcoast Research lowered SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 target price for the company. in a report on Wednesday, February 19th.

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.