SpartanNash (NASDAQ:SPTN) Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of SpartanNash (NASDAQ:SPTN - Free Report) by 14.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 136,740 shares of the company's stock after purchasing an additional 17,398 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.41% of SpartanNash worth $2,505,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of SpartanNash by 1.8% in the 4th 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. KLP Kapitalforvaltning AS purchased a new position in SpartanNash in the fourth quarter valued at about $132,000. American Century Companies Inc. increased its holdings in SpartanNash by 14.2% in the fourth quarter. American Century Companies Inc. now owns 1,042,192 shares of the company's stock valued at $19,093,000 after buying an additional 129,907 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of SpartanNash by 28.3% during the 4th quarter. Teacher Retirement System of Texas now owns 273,634 shares of the company's stock valued at $5,013,000 after acquiring an additional 60,401 shares during the period. Finally, Counterpoint Mutual Funds LLC boosted its stake in shares of SpartanNash by 33.4% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 15,690 shares of the company's stock worth $287,000 after acquiring an additional 3,925 shares in the last quarter. 84.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SPTN. Northcoast Research cut SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price objective for the company. in a report on Wednesday, February 19th. StockNews.com raised SpartanNash from a "hold" rating to a "buy" rating in a research note on Thursday.

SpartanNash Price Performance

Shares of SPTN traded down $0.39 during mid-day trading on Friday, reaching $20.18. 294,909 shares of the company's stock were exchanged, compared to its average volume of 261,273. 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 company has a market cap of $681.38 million, a price-to-earnings ratio of -2,018.00 and a beta of 0.34. The company has a 50-day simple moving average of $19.68 and a two-hundred day simple moving average of $19.73.

SpartanNash (NASDAQ:SPTN - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.09. During the same period in the previous year, the company posted $0.35 EPS. On average, sell-side analysts predict that SpartanNash will post 1.79 EPS for the current fiscal year.

SpartanNash Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date was Friday, March 21st. This is a positive change from SpartanNash's previous quarterly dividend of $0.22. 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.