SpartanNash (NASDAQ:SPTN) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in SpartanNash (NASDAQ:SPTN - Free Report) by 115.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 220,964 shares of the company's stock after acquiring an additional 118,478 shares during the period. JPMorgan Chase & Co. owned 0.65% of SpartanNash worth $4,048,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Teacher Retirement System of Texas increased its stake in SpartanNash by 28.3% in 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 during the last quarter. Barclays PLC increased its stake in shares of SpartanNash by 120.0% during the 3rd quarter. Barclays PLC now owns 86,412 shares of the company's stock valued at $1,936,000 after acquiring an additional 47,141 shares during the last quarter. Dana Investment Advisors Inc. lifted its holdings in shares of SpartanNash by 16.7% during the 4th quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company's stock worth $6,280,000 after acquiring an additional 48,987 shares during the period. Ieq Capital LLC acquired a new stake in shares of SpartanNash in the fourth quarter worth approximately $231,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in SpartanNash in the fourth quarter valued at approximately $948,000. 84.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPTN has been the topic of several research reports. StockNews.com raised SpartanNash from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Northcoast Research lowered SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price objective on the stock. in a research note on Wednesday, February 19th.

SpartanNash Stock Down 3.1 %

Shares of NASDAQ:SPTN traded down $0.64 during mid-day trading on Friday, hitting $19.81. 45,705 shares of the company traded hands, compared to its average volume of 263,287. The firm's 50 day simple moving average is $19.88 and its 200 day simple moving average is $19.52. The firm has a market cap of $670.32 million, a P/E ratio of -1,980.50 and a beta of 0.53. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00.

SpartanNash (NASDAQ:SPTN - Get Free Report) last posted 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 previous year, the business posted $0.35 EPS. On average, equities analysts anticipate that SpartanNash will post 1.79 EPS for the current year.

SpartanNash Increases Dividend

The company also recently disclosed 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 boost from SpartanNash's previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date was Friday, March 21st. SpartanNash's dividend payout ratio is presently -8,800.00%.

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.