SpartanNash (NASDAQ:SPTN) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its position in SpartanNash (NASDAQ:SPTN - Free Report) by 1.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,250,372 shares of the company's stock after buying an additional 57,458 shares during the period. Vanguard Group Inc. owned 9.63% of SpartanNash worth $59,547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. increased its position in shares of SpartanNash by 14.2% during the fourth quarter. American Century Companies Inc. now owns 1,042,192 shares of the company's stock worth $19,093,000 after purchasing an additional 129,907 shares in the last quarter. AMH Equity Ltd raised its stake in SpartanNash by 316.7% in the fourth quarter. AMH Equity Ltd now owns 125,000 shares of the company's stock valued at $2,290,000 after buying an additional 95,000 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in SpartanNash by 28.3% in the fourth quarter. Teacher Retirement System of Texas now owns 273,634 shares of the company's stock worth $5,013,000 after acquiring an additional 60,401 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of SpartanNash by 13.3% during the fourth quarter. Bank of New York Mellon Corp now owns 481,538 shares of the company's stock worth $8,822,000 after acquiring an additional 56,677 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of SpartanNash during the fourth quarter valued at about $948,000. Hedge funds and other institutional investors own 84.59% of the company's stock.

Analyst Upgrades and Downgrades

SPTN has been the subject of a number of recent analyst reports. Northcoast Research cut shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 target price for the company. in a research note on Wednesday, February 19th. StockNews.com upgraded shares of SpartanNash from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd.

SpartanNash Stock Performance

Shares of SPTN stock traded up $0.13 during trading hours on Thursday, hitting $19.65. The company's stock had a trading volume of 31,462 shares, compared to its average volume of 275,889. The stock has a market cap of $665.07 million, a PE ratio of -1,965.00 and a beta of 0.53. SpartanNash has a 12-month low of $17.30 and a 12-month high of $23.00. The company has a 50 day moving average of $19.85 and a 200 day moving average of $19.58. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00.

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

SpartanNash Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.48%. This is a positive change from SpartanNash's previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 21st. SpartanNash's payout ratio is -8,800.00%.

SpartanNash 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.