Victory Capital Management Inc. raised its holdings in SpartanNash (NASDAQ:SPTN – Get Rating) by 35.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 504,161 shares of the company’s stock after purchasing an additional 132,360 shares during the quarter. Victory Capital Management Inc. owned about 1.39% of SpartanNash worth $17,283,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of SPTN. Invesco Ltd. increased its stake in SpartanNash by 51.4% in the fourth quarter. Invesco Ltd. now owns 1,019,282 shares of the company’s stock valued at $26,256,000 after purchasing an additional 346,230 shares during the period. Pacer Advisors Inc. acquired a new position in shares of SpartanNash during the fourth quarter worth about $4,798,000. Allspring Global Investments Holdings LLC acquired a new position in shares of SpartanNash during the fourth quarter worth about $1,869,000. Quantedge Capital Pte Ltd acquired a new position in shares of SpartanNash during the fourth quarter worth about $1,638,000. Finally, American Century Companies Inc. increased its stake in shares of SpartanNash by 51.2% during the fourth quarter. American Century Companies Inc. now owns 178,044 shares of the company’s stock worth $4,586,000 after acquiring an additional 60,308 shares during the period. 79.36% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other SpartanNash news, Director Matthew Mannelly sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $31.06, for a total transaction of $310,600.00. Following the completion of the sale, the director now owns 20,354 shares of the company’s stock, valued at $632,195.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
SpartanNash Stock Down 0.3 %
SPTN stock opened at $32.35 on Friday. The company has a market cap of $1.17 billion, a P/E ratio of 15.86 and a beta of 0.68. SpartanNash has a 52 week low of $19.15 and a 52 week high of $37.48. The company’s 50-day moving average price is $31.59 and its 200 day moving average price is $31.25. The company has a current ratio of 1.56, a quick ratio of 0.72 and a debt-to-equity ratio of 0.56.
SpartanNash (NASDAQ:SPTN – Get Rating) last released its quarterly earnings data on Thursday, June 2nd. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.18. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.77 billion. SpartanNash had a net margin of 0.81% and a return on equity of 9.21%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 earnings per share. On average, research analysts expect that SpartanNash will post 2.26 earnings per share for the current fiscal year.
SpartanNash Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Tuesday, June 14th. SpartanNash’s payout ratio is currently 41.18%.
SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 65,000 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 retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores.
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