SpartanNash (NASDAQ:SPTN) Sets New 52-Week High - Time to Buy?

SpartanNash Company (NASDAQ:SPTN - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $26.51 and last traded at $26.39, with a volume of 3291522 shares changing hands. The stock had previously closed at $17.64.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered SpartanNash from a "buy" rating to a "hold" rating in a research report on Friday, May 30th.

SpartanNash Stock Performance

The stock has a 50 day moving average of $19.33 and a 200 day moving average of $19.24. The company has a market capitalization of $896.86 million, a price-to-earnings ratio of -82.77 and a beta of 0.34. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 1.03.

SpartanNash (NASDAQ:SPTN - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.08). SpartanNash had a positive return on equity of 8.26% and a negative net margin of 0.11%. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the firm posted $0.53 EPS. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. As a group, analysts predict that SpartanNash Company will post 1.79 EPS for the current year.

SpartanNash Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.88 dividend on an annualized basis and a yield of 3.32%. SpartanNash's dividend payout ratio (DPR) is currently -275.00%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. State of Wyoming bought a new position in SpartanNash during the fourth quarter worth $43,000. Tower Research Capital LLC TRC raised its holdings in shares of SpartanNash by 167.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company's stock valued at $109,000 after purchasing an additional 3,735 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of SpartanNash during the 4th quarter worth about $113,000. KLP Kapitalforvaltning AS acquired a new stake in shares of SpartanNash in the 4th quarter valued at about $132,000. Finally, AlphaQuest LLC acquired a new stake in shares of SpartanNash in the 1st quarter valued at about $153,000. 84.59% of the stock is owned by institutional investors.

About SpartanNash

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.