Wells Fargo & Company MN grew its holdings in SpartanNash (NASDAQ:SPTN) by 28.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 117,448 shares of the company’s stock after purchasing an additional 25,868 shares during the quarter. Wells Fargo & Company MN owned about 0.32% of SpartanNash worth $3,134,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Teacher Retirement System of Texas acquired a new stake in shares of SpartanNash in the fourth quarter valued at about $334,000. Susquehanna International Group LLP grew its position in SpartanNash by 96.0% during the third quarter. Susquehanna International Group LLP now owns 46,547 shares of the company’s stock worth $1,227,000 after buying an additional 22,798 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in SpartanNash during the fourth quarter worth about $1,569,000. California Public Employees Retirement System grew its position in SpartanNash by 11.4% during the third quarter. California Public Employees Retirement System now owns 58,890 shares of the company’s stock worth $1,553,000 after buying an additional 6,030 shares in the last quarter. Finally, Alambic Investment Management L.P. grew its position in SpartanNash by 4.0% during the fourth quarter. Alambic Investment Management L.P. now owns 74,314 shares of the company’s stock worth $1,983,000 after buying an additional 2,871 shares in the last quarter. 89.71% of the stock is currently owned by institutional investors.
A number of equities research analysts recently weighed in on the company. ValuEngine downgraded SpartanNash from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Northcoast Research downgraded SpartanNash from a “buy” rating to a “neutral” rating in a research report on Friday, January 5th. Deutsche Bank decreased their target price on SpartanNash from $24.00 to $21.00 and set a “hold” rating on the stock in a research report on Thursday, February 22nd. BMO Capital Markets raised SpartanNash from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $25.00 to $23.00 in a research report on Friday, March 2nd. They noted that the move was a valuation call. Finally, BidaskClub downgraded SpartanNash from a “hold” rating to a “sell” rating in a research report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $22.20.
SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.94 billion. SpartanNash had a positive return on equity of 10.08% and a negative net margin of 0.65%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 EPS. sell-side analysts predict that SpartanNash will post 2.26 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Friday, March 16th were paid a dividend of $0.18 per share. This is a boost from SpartanNash’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, March 15th. This represents a $0.72 dividend on an annualized basis and a yield of 3.99%. SpartanNash’s dividend payout ratio (DPR) is currently 34.29%.
In other SpartanNash news, CFO Mark Shamber purchased 5,500 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was purchased at an average price of $18.24 per share, for a total transaction of $100,320.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is owned by company insiders.
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SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 60,000 stock-keeping units, such as 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 pharmacy products to independent retail locations, food service distributors, and corporate-owned retail stores.
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