Renaissance Technologies LLC Sells 29,300 Shares of SpartanNash (NASDAQ:SPTN)

Renaissance Technologies LLC cut its stake in SpartanNash (NASDAQ:SPTN - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 742,812 shares of the company's stock after selling 29,300 shares during the period. Renaissance Technologies LLC owned approximately 2.20% of SpartanNash worth $13,608,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPTN. Teacher Retirement System of Texas grew its holdings 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 worth $5,013,000 after buying an additional 60,401 shares in the last quarter. Barclays PLC grew 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 worth $1,936,000 after acquiring an additional 47,141 shares in the last quarter. Dana Investment Advisors Inc. raised its holdings in shares of SpartanNash by 16.7% in the fourth quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company's stock valued at $6,280,000 after purchasing an additional 48,987 shares during the last quarter. Ieq Capital LLC acquired a new position in SpartanNash during the fourth quarter worth $231,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in SpartanNash in the fourth quarter valued at $948,000. Institutional investors and hedge funds own 84.59% of the company's stock.

Wall Street Analyst Weigh In

SPTN has been the subject of a number of recent research reports. StockNews.com upgraded shares of SpartanNash from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Northcoast Research downgraded 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.

SpartanNash Stock Performance

Shares of SPTN stock traded up $0.27 on Friday, reaching $19.79. The stock had a trading volume of 251,416 shares, compared to its average volume of 263,636. SpartanNash has a 12 month low of $17.30 and a 12 month high of $23.00. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $669.81 million, a price-to-earnings ratio of -1,979.00 and a beta of 0.53. The firm's 50-day moving average is $19.89 and its two-hundred day moving average is $19.51.

SpartanNash (NASDAQ:SPTN - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.33 by $0.09. During the same period in the prior year, the company earned $0.35 EPS. On average, research analysts expect that SpartanNash will post 1.79 EPS for the current fiscal year.

SpartanNash Increases Dividend

The business 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. The ex-dividend date of this dividend was Friday, March 21st. This is a positive change from SpartanNash's previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 4.45%. SpartanNash's dividend payout ratio is presently -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.