SpartanNash (NASDAQ:SPTN) Hits New 1-Year Low at $19.00

SpartanNash (NASDAQ:SPTN - Get Free Report) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $19.00 and last traded at $19.02, with a volume of 19971 shares trading hands. The stock had previously closed at $19.31.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SPTN. TheStreet upgraded shares of SpartanNash from a "c+" rating to a "b" rating in a research note on Thursday, February 15th. StockNews.com cut shares of SpartanNash from a "buy" rating to a "hold" rating in a research report on Monday, February 19th.

SpartanNash Price Performance

The company has a quick ratio of 0.76, a current ratio of 1.63 and a debt-to-equity ratio of 0.76. The stock's 50-day simple moving average is $20.82 and its two-hundred day simple moving average is $22.02. The company has a market capitalization of $651.83 million, a price-to-earnings ratio of 12.61 and a beta of 0.52.

SpartanNash (NASDAQ:SPTN - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.03). The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.27 billion. SpartanNash had a return on equity of 9.86% and a net margin of 0.54%. The business's revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 earnings per share. Equities research analysts predict that SpartanNash will post 1.93 earnings per share for the current year.

SpartanNash Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.2175 per share. This is a positive change from SpartanNash's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.60%. SpartanNash's dividend payout ratio is presently 58.00%.

Insider Transactions at SpartanNash

In other news, Director William R. Voss sold 16,439 shares of the company's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $19.84, for a total transaction of $326,149.76. Following the completion of the sale, the director now owns 15,248 shares of the company's stock, valued at $302,520.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On SpartanNash

A number of hedge funds have recently modified their holdings of SPTN. Public Employees Retirement System of Ohio purchased a new stake in shares of SpartanNash in the second quarter valued at about $27,000. Parallel Advisors LLC boosted its stake in SpartanNash by 58.3% during the fourth quarter. Parallel Advisors LLC now owns 1,255 shares of the company's stock worth $29,000 after buying an additional 462 shares during the period. Natixis purchased a new position in SpartanNash during the fourth quarter worth about $31,000. Quarry LP boosted its stake in SpartanNash by 233.3% during the second quarter. Quarry LP now owns 2,033 shares of the company's stock worth $46,000 after buying an additional 1,423 shares during the period. Finally, AJOVista LLC purchased a new position in SpartanNash during the fourth quarter worth about $68,000. Hedge funds and other institutional investors own 84.59% of the company's stock.

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.