Insider Selling: SpartanNash Co (SPTN) Insider Sells 4,237 Shares of Stock

SpartanNash Co (NASDAQ:SPTN) insider Theodore Adornato sold 4,237 shares of the business’s stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $35.02, for a total transaction of $148,379.74. Following the completion of the sale, the insider now owns 65,041 shares in the company, valued at $2,277,735.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Theodore Adornato also recently made the following trade(s):

  • On Monday, May 15th, Theodore Adornato sold 1,182 shares of SpartanNash stock. The shares were sold at an average price of $36.86, for a total transaction of $43,568.52.
  • On Wednesday, April 19th, Theodore Adornato sold 22,322 shares of SpartanNash stock. The shares were sold at an average price of $35.08, for a total transaction of $783,055.76.

Shares of SpartanNash Co (NASDAQ:SPTN) opened at 35.72 on Friday. The stock has a market cap of $1.34 billion, a PE ratio of 23.59 and a beta of 1.04. The stock has a 50 day moving average of $35.93 and a 200 day moving average of $36.32. SpartanNash Co has a 12 month low of $25.29 and a 12 month high of $40.38.

SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings data on Wednesday, February 22nd. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.05. SpartanNash had a net margin of 0.79% and a return on equity of 10.21%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the company earned $0.52 earnings per share. SpartanNash’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities analysts anticipate that SpartanNash Co will post $2.32 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for SpartanNash (NASDAQ:SPTN)

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A number of hedge funds have recently modified their holdings of the stock. US Bancorp DE increased its stake in shares of SpartanNash by 53.3% in the third quarter. US Bancorp DE now owns 3,738 shares of the company’s stock valued at $108,000 after buying an additional 1,300 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of SpartanNash during the first quarter valued at about $112,000. Huntington National Bank increased its stake in shares of SpartanNash by 3.8% in the first quarter. Huntington National Bank now owns 3,254 shares of the company’s stock valued at $114,000 after buying an additional 120 shares during the period. Victory Capital Management Inc. increased its stake in shares of SpartanNash by 55.8% in the first quarter. Victory Capital Management Inc. now owns 3,985 shares of the company’s stock valued at $139,000 after buying an additional 1,427 shares during the period. Finally, Elkfork Partners LLC purchased a new stake in shares of SpartanNash during the fourth quarter valued at about $141,000. 85.76% of the stock is owned by institutional investors.

Separately, Zacks Investment Research upgraded shares of SpartanNash from a “sell” rating to a “hold” rating in a research note on Thursday, April 6th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.40.

SpartanNash Company Profile

SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries.

12 Month Chart for NASDAQ:SPTN

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