First Trust Advisors LP Sells 4,503 Shares of SpartanNash Company (SPTN)
First Trust Advisors LP decreased its position in SpartanNash Company (NASDAQ:SPTN) by 8.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,571 shares of the company’s stock after selling 4,503 shares during the quarter. First Trust Advisors LP owned approximately 0.13% of SpartanNash worth $1,235,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Alpha Windward LLC lifted its holdings in SpartanNash by 1.4% in the second quarter. Alpha Windward LLC now owns 12,600 shares of the company’s stock valued at $327,000 after acquiring an additional 180 shares during the period. Louisiana State Employees Retirement System lifted its holdings in SpartanNash by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 15,460 shares of the company’s stock valued at $401,000 after acquiring an additional 200 shares during the period. Arizona State Retirement System lifted its holdings in SpartanNash by 1.0% in the second quarter. Arizona State Retirement System now owns 19,760 shares of the company’s stock valued at $513,000 after acquiring an additional 200 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in SpartanNash by 1.4% in the first quarter. Public Employees Retirement System of Ohio now owns 18,138 shares of the company’s stock valued at $635,000 after acquiring an additional 255 shares during the period. Finally, Clinton Group Inc. lifted its holdings in SpartanNash by 1.7% in the first quarter. Clinton Group Inc. now owns 16,495 shares of the company’s stock valued at $577,000 after acquiring an additional 268 shares during the period. 88.24% of the stock is currently owned by institutional investors.
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SpartanNash Company (SPTN) opened at 24.99 on Tuesday. The company has a market cap of $931.38 million, a P/E ratio of 14.34 and a beta of 1.06. The stock has a 50 day moving average price of $25.21 and a 200 day moving average price of $30.13. SpartanNash Company has a 1-year low of $22.90 and a 1-year high of $40.38.
SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings data on Wednesday, August 16th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The business 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 revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 EPS. On average, equities research analysts anticipate that SpartanNash Company will post $2.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.66 annualized dividend and a dividend yield of 2.64%. SpartanNash’s dividend payout ratio (DPR) is presently 37.93%.
SPTN has been the topic of a number of recent research reports. ValuEngine raised SpartanNash from a “hold” rating to a “buy” rating in a report on Monday, July 17th. Barclays PLC reissued an “equal weight” rating and issued a $28.00 target price (down previously from $36.00) on shares of SpartanNash in a report on Friday, July 14th. Jefferies Group LLC set a $35.00 target price on SpartanNash and gave the company a “hold” rating in a report on Wednesday, June 14th. BidaskClub raised SpartanNash from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Zacks Investment Research raised SpartanNash from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $27.50.
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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