TrueMark Investments LLC Takes Position in SpartanNash (NASDAQ:SPTN)

TrueMark Investments LLC purchased a new position in shares of SpartanNash (NASDAQ:SPTN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 67,588 shares of the company’s stock, valued at approximately $1,238,000. TrueMark Investments LLC owned approximately 0.20% of SpartanNash at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in SpartanNash by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 3,250,372 shares of the company’s stock worth $59,547,000 after purchasing an additional 57,458 shares in the last quarter. American Century Companies Inc. boosted its position in shares of SpartanNash by 14.2% in the 4th quarter. American Century Companies Inc. now owns 1,042,192 shares of the company’s stock worth $19,093,000 after buying an additional 129,907 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of SpartanNash by 13.3% in the 4th quarter. Bank of New York Mellon Corp now owns 481,538 shares of the company’s stock worth $8,822,000 after buying an additional 56,677 shares in the last quarter. Dana Investment Advisors Inc. grew its stake in SpartanNash by 16.7% in the 4th quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company’s stock valued at $6,280,000 after acquiring an additional 48,987 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in SpartanNash by 28.3% during 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 during the last quarter. Institutional investors and hedge funds own 84.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Northcoast Research cut shares of SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research note on Wednesday, February 19th. StockNews.com cut SpartanNash from a “buy” rating to a “hold” rating in a report on Wednesday.

SpartanNash Stock Performance

Shares of NASDAQ:SPTN opened at $19.36 on Wednesday. The firm has a market capitalization of $653.69 million, a PE ratio of -1,936.00 and a beta of 0.34. SpartanNash has a 12 month low of $17.30 and a 12 month high of $23.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.78. The business has a 50-day moving average of $19.32 and a two-hundred day moving average of $19.80.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. During the same quarter last year, the firm earned $0.35 EPS. As a group, research analysts forecast that SpartanNash will post 1.79 earnings per share for the current year.

SpartanNash Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be given a $0.22 dividend. This is an increase from SpartanNash’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 21st. This represents a $0.88 annualized dividend and a yield of 4.55%. SpartanNash’s dividend payout ratio (DPR) 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.