SpartanNash Company $SPTN Stock Holdings Lessened by Blue Trust Inc.

Blue Trust Inc. reduced its holdings in SpartanNash Company (NASDAQ:SPTN) by 37.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,178 shares of the company’s stock after selling 1,327 shares during the quarter. Blue Trust Inc.’s holdings in SpartanNash were worth $58,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of SpartanNash by 0.6% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 104,853 shares of the company’s stock worth $2,124,000 after acquiring an additional 600 shares during the period. GAMMA Investing LLC increased its holdings in shares of SpartanNash by 8.5% in the 1st quarter. GAMMA Investing LLC now owns 8,097 shares of the company’s stock worth $164,000 after acquiring an additional 636 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of SpartanNash by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 43,495 shares of the company’s stock worth $1,152,000 after acquiring an additional 688 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of SpartanNash by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,056 shares of the company’s stock worth $406,000 after acquiring an additional 858 shares during the period. Finally, Significant Wealth Partners LLC increased its holdings in shares of SpartanNash by 6.0% in the 2nd quarter. Significant Wealth Partners LLC now owns 24,923 shares of the company’s stock worth $660,000 after acquiring an additional 1,402 shares during the period. Institutional investors and hedge funds own 84.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. BMO Capital Markets reaffirmed a “market perform” rating and issued a $26.90 price objective (up previously from $20.00) on shares of SpartanNash in a report on Tuesday, June 24th. Zacks Research raised shares of SpartanNash from a “strong sell” rating to a “hold” rating in a research note on Monday, August 18th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.45.

SpartanNash Price Performance

SpartanNash stock opened at $26.90 on Friday. The company’s 50-day moving average price is $26.75 and its two-hundred day moving average price is $23.62. The stock has a market cap of $910.78 million, a price-to-earnings ratio of -56.04 and a beta of 0.50. The company has a current ratio of 1.57, a quick ratio of 0.80 and a debt-to-equity ratio of 0.96. SpartanNash Company has a 52 week low of $17.30 and a 52 week high of $27.07.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.04. The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.29 billion. SpartanNash had a negative net margin of 0.16% and a positive return on equity of 8.19%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS. On average, analysts expect that SpartanNash Company will post 1.79 EPS for the current fiscal year.

SpartanNash Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.3%. SpartanNash’s dividend payout ratio (DPR) is currently -183.33%.

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.