SpartanNash Company (SPTN) Shares Sold by Rhumbline Advisers
Rhumbline Advisers decreased its stake in shares of SpartanNash Company (NASDAQ:SPTN) by 0.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,655 shares of the company’s stock after selling 23 shares during the period. Rhumbline Advisers owned approximately 0.21% of SpartanNash worth $2,042,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in SPTN. BlackRock Inc. grew its stake in shares of SpartanNash by 21,712.5% in the 1st quarter. BlackRock Inc. now owns 4,785,883 shares of the company’s stock worth $167,458,000 after purchasing an additional 4,763,942 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of SpartanNash by 59.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 719,700 shares of the company’s stock worth $25,182,000 after purchasing an additional 269,686 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of SpartanNash by 10.0% in the 1st quarter. Vanguard Group Inc. now owns 2,544,312 shares of the company’s stock worth $89,025,000 after purchasing an additional 230,533 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of SpartanNash by 55.3% in the 1st quarter. Nuveen Asset Management LLC now owns 330,399 shares of the company’s stock worth $11,561,000 after purchasing an additional 117,661 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of SpartanNash by 33.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 372,631 shares of the company’s stock worth $13,039,000 after purchasing an additional 92,551 shares during the last quarter. 88.24% of the stock is currently owned by hedge funds and other institutional investors.
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Several equities analysts have recently issued reports on SPTN shares. Pivotal Research lowered their price objective on shares of SpartanNash from $40.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, May 24th. Zacks Investment Research cut shares of SpartanNash from a “hold” rating to a “sell” rating in a research note on Saturday, May 27th. ValuEngine cut shares of SpartanNash from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised shares of SpartanNash from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Jefferies Group LLC set a $35.00 price objective on shares of SpartanNash and gave the stock a “hold” rating in a research note on Wednesday, June 14th. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $27.50.
In other SpartanNash news, Director M Shan Atkins sold 2,000 shares of the business’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $27.69, for a total transaction of $55,380.00. Following the completion of the sale, the director now directly owns 32,425 shares of the company’s stock, valued at approximately $897,848.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.
SpartanNash Company (NASDAQ:SPTN) opened at 25.39 on Friday. SpartanNash Company has a 52 week low of $22.90 and a 52 week high of $40.38. The firm has a market cap of $946.29 million, a PE ratio of 14.57 and a beta of 1.06. The stock has a 50 day moving average of $25.28 and a 200 day moving average of $30.26.
SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings data on Wednesday, August 16th. The company reported $0.60 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.96 billion. SpartanNash had a return on equity of 10.00% and a net margin of 0.83%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.58 EPS. Analysts anticipate that SpartanNash Company will post $2.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.66 annualized dividend and a yield of 2.60%. SpartanNash’s dividend payout ratio is currently 37.93%.
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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