LSV Asset Management Has $41 Million Holdings in SpartanNash Company (SPTN)
LSV Asset Management lowered its stake in shares of SpartanNash Company (NASDAQ:SPTN) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,579,198 shares of the company’s stock after selling 12,300 shares during the period. LSV Asset Management owned 4.17% of SpartanNash worth $40,995,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new stake in SpartanNash during the first quarter worth $112,000. Victory Capital Management Inc. lifted its holdings in SpartanNash by 55.8% during the first quarter. Victory Capital Management Inc. now owns 3,985 shares of the company’s stock worth $139,000 after buying an additional 1,427 shares during the period. State of Alaska Department of Revenue lifted its holdings in SpartanNash by 2.0% during the first quarter. State of Alaska Department of Revenue now owns 4,140 shares of the company’s stock worth $144,000 after buying an additional 80 shares during the period. LS Investment Advisors LLC lifted its holdings in SpartanNash by 225.4% during the first quarter. LS Investment Advisors LLC now owns 4,555 shares of the company’s stock worth $159,000 after buying an additional 3,155 shares during the period. Finally, Sei Investments Co. purchased a new stake in SpartanNash during the second quarter worth $127,000. Institutional investors own 88.24% of the company’s stock.
Shares of SpartanNash Company (SPTN) opened at 23.26 on Monday. SpartanNash Company has a 12-month low of $22.90 and a 12-month high of $40.38. The stock has a market cap of $866.90 million, a price-to-earnings ratio of 13.34 and a beta of 1.06. The firm’s 50-day moving average price is $25.68 and its 200-day moving average price is $30.75.
SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings results on Wednesday, August 16th. The company reported $0.60 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. SpartanNash had a net margin of 0.83% and a return on equity of 10.00%. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the company posted $0.58 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, analysts forecast that SpartanNash Company will post $2.23 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.165 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.66 annualized dividend and a yield of 2.84%. SpartanNash’s dividend payout ratio is presently 37.93%.
A number of analysts have weighed in on the company. Deutsche Bank AG lowered their target price on SpartanNash from $40.00 to $26.00 and set a “hold” rating for the company in a report on Friday, August 18th. Jefferies Group LLC set a $27.00 target price on SpartanNash and gave the stock a “hold” rating in a report on Thursday, August 17th. BidaskClub lowered SpartanNash from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Pivotal Research set a $20.00 target price on SpartanNash and gave the stock a “sell” rating in a report on Tuesday, August 15th. Finally, ValuEngine lowered SpartanNash from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $28.40.
In other SpartanNash news, Director M Shan Atkins sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $27.69, for a total value of $55,380.00. Following the completion of the transaction, the director now owns 32,425 shares of the company’s stock, valued at approximately $897,848.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.00% of the company’s stock.
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.
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