SpartanNash (NASDAQ:SPTN) Sees Large Volume Increase - What's Next?

SpartanNash Company (NASDAQ:SPTN - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 1,671,525 shares were traded during mid-day trading, an increase of 421% from the previous session's volume of 320,688 shares.The stock last traded at $26.42 and had previously closed at $26.57.

Analyst Ratings Changes

Several brokerages have recently commented on SPTN. Wall Street Zen downgraded SpartanNash from a "buy" rating to a "hold" rating in a report on Friday, May 30th. BMO Capital Markets raised their target price on shares of SpartanNash from $20.00 to $26.90 and gave the stock a "market perform" rating in a report on Tuesday.

SpartanNash Stock Down 0.5%

The firm has a market cap of $895.33 million, a PE ratio of -82.66 and a beta of 0.34. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.66 and a quick ratio of 0.86. The business has a fifty day moving average price of $19.33 and a two-hundred day moving average price of $19.24.

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

SpartanNash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, June 13th. This represents a $0.88 dividend on an annualized basis and a yield of 3.33%. SpartanNash's payout ratio is -275.00%.

Institutional Investors Weigh In On SpartanNash

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

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.