LSV Asset Management Raises Stock Holdings in SpartanNash (NASDAQ:SPTN)

LSV Asset Management increased its holdings in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 977,398 shares of the company's stock after purchasing an additional 20,546 shares during the quarter. LSV Asset Management owned 2.90% of SpartanNash worth $17,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of SPTN. Nisa Investment Advisors LLC lifted its holdings in SpartanNash by 3,585.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company's stock valued at $32,000 after acquiring an additional 1,685 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of SpartanNash during the 4th quarter valued at about $132,000. GAMMA Investing LLC lifted its stake in shares of SpartanNash by 90.3% in the 4th quarter. GAMMA Investing LLC now owns 7,461 shares of the company's stock worth $137,000 after purchasing an additional 3,541 shares during the period. Franklin Resources Inc. purchased a new position in shares of SpartanNash in the third quarter worth approximately $211,000. Finally, Ieq Capital LLC bought a new stake in SpartanNash during the fourth quarter valued at approximately $231,000. 84.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

SpartanNash Price Performance

SPTN stock traded up $0.27 during trading on Friday, reaching $19.79. The company's stock had a trading volume of 251,416 shares, compared to its average volume of 263,633. The company's fifty day moving average is $19.87 and its 200-day moving average is $19.56. SpartanNash has a 1 year low of $17.30 and a 1 year high of $23.00. The company has a market capitalization of $669.81 million, a P/E ratio of -1,979.00 and a beta of 0.53. 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 (NASDAQ:SPTN - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.09. During the same period in the prior year, the company posted $0.35 EPS. On average, research analysts expect that SpartanNash will post 1.79 earnings per share for the current fiscal year.

SpartanNash Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were issued a $0.22 dividend. This is an increase from SpartanNash's previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend was Friday, March 21st. SpartanNash's payout ratio is currently -8,800.00%.

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.