SpartanNash (NASDAQ:SPTN) Shares Bought by Kennedy Capital Management LLC

Kennedy Capital Management LLC grew its stake in SpartanNash (NASDAQ:SPTN) by 65.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 152,220 shares of the company’s stock after acquiring an additional 59,980 shares during the quarter. Kennedy Capital Management LLC’s holdings in SpartanNash were worth $2,789,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SPTN. Teacher Retirement System of Texas increased 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 purchasing an additional 60,401 shares during the last quarter. Barclays PLC grew its stake in shares of SpartanNash by 120.0% in the 3rd quarter. Barclays PLC now owns 86,412 shares of the company’s stock valued at $1,936,000 after buying an additional 47,141 shares during the period. Dana Investment Advisors Inc. increased its holdings in shares of SpartanNash by 16.7% during the 4th quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company’s stock worth $6,280,000 after buying an additional 48,987 shares during the last quarter. Ieq Capital LLC purchased a new stake in shares of SpartanNash during the 4th quarter valued at approximately $231,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in SpartanNash in the fourth quarter valued at approximately $948,000. Hedge funds and other institutional investors own 84.59% of the company’s stock.

SpartanNash Price Performance

SPTN opened at $19.46 on Monday. The stock’s 50-day moving average price is $19.79 and its 200 day moving average price is $19.60. SpartanNash has a 12-month low of $17.30 and a 12-month high of $23.00. The firm has a market cap of $658.64 million, a price-to-earnings ratio of -1,946.00 and a beta of 0.53. 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) last issued 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 firm posted $0.35 earnings per share. As a group, sell-side analysts expect that SpartanNash will post 1.79 earnings per share for the current year.

SpartanNash Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were issued a dividend of $0.22 per share. This is an increase from SpartanNash’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 21st. This represents a $0.88 annualized dividend and a yield of 4.52%. SpartanNash’s dividend payout ratio is -8,800.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com upgraded SpartanNash from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Northcoast Research lowered shares of SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a report on Wednesday, February 19th.

About SpartanNash

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.