Appleton Partners Inc. MA Takes $212,000 Position in SpartanNash Company $SPTN

Appleton Partners Inc. MA acquired a new position in shares of SpartanNash Company (NASDAQ:SPTN) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 8,000 shares of the company’s stock, valued at approximately $212,000.

Several other large investors have also recently bought and sold shares of SPTN. AlphaQuest LLC acquired a new stake in SpartanNash in the first quarter valued at $153,000. GAMMA Investing LLC increased its holdings in shares of SpartanNash by 8.5% in the 1st quarter. GAMMA Investing LLC now owns 8,097 shares of the company’s stock valued at $164,000 after purchasing an additional 636 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of SpartanNash in the fourth quarter valued at about $204,000. EntryPoint Capital LLC purchased a new stake in SpartanNash during the first quarter worth about $236,000. Finally, Cetera Investment Advisers acquired a new position in SpartanNash during the first quarter worth about $237,000. Hedge funds and other institutional investors own 84.59% of the company’s stock.

Analyst Ratings Changes

SPTN has been the subject of a number of research reports. BMO Capital Markets reiterated a “market perform” rating and set a $26.90 price target (up from $20.00) on shares of SpartanNash in a research report on Tuesday, June 24th. Zacks Research raised SpartanNash from a “strong sell” rating to a “hold” rating in a report on Monday, August 18th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.45.

SpartanNash Stock Performance

Shares of SPTN opened at $26.90 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.57 and a quick ratio of 0.80. The firm has a 50 day simple moving average of $26.68 and a 200-day simple moving average of $23.21. SpartanNash Company has a 1-year low of $17.30 and a 1-year high of $27.07. The stock has a market cap of $910.78 million, a price-to-earnings ratio of -56.04 and a beta of 0.50.

SpartanNash (NASDAQ:SPTN) last posted its earnings results on Thursday, August 14th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.04. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.29 billion. SpartanNash had a positive return on equity of 8.19% and a negative net margin of 0.16%.SpartanNash’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. Equities analysts forecast that SpartanNash Company will post 1.79 EPS for the current fiscal year.

SpartanNash Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Monday, September 15th. SpartanNash’s dividend payout ratio (DPR) is currently -183.33%.

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.