Foundry Partners LLC lifted its holdings in shares of SpartanNash Company (NASDAQ:SPTN) by 5.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 197,696 shares of the company’s stock after acquiring an additional 10,207 shares during the quarter. Foundry Partners LLC owned approximately 0.53% of SpartanNash worth $5,213,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in SPTN. Victory Capital Management Inc. increased its holdings in shares of SpartanNash by 17.7% during the second quarter. Victory Capital Management Inc. now owns 4,689 shares of the company’s stock valued at $122,000 after acquiring an additional 704 shares in the last quarter. Sei Investments Co. purchased a new position in SpartanNash in the second quarter worth about $127,000. State of Alaska Department of Revenue boosted its position in SpartanNash by 80.4% in the second quarter. State of Alaska Department of Revenue now owns 7,468 shares of the company’s stock worth $193,000 after purchasing an additional 3,328 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in SpartanNash in the second quarter worth about $212,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in SpartanNash in the second quarter worth about $238,000. Institutional investors own 88.48% of the company’s stock.
A number of research analysts have recently weighed in on the company. Pivotal Research reaffirmed a “sell” rating and set a $18.00 price objective on shares of SpartanNash in a research report on Wednesday, November 8th. Deutsche Bank AG decreased their target price on SpartanNash from $40.00 to $26.00 and set a “hold” rating on the stock in a research note on Friday, August 18th. Barclays PLC reduced their price objective on SpartanNash from $28.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, November 10th. TheStreet downgraded SpartanNash from a “b-” rating to a “c-” rating in a research note on Wednesday, November 8th. Finally, BidaskClub downgraded SpartanNash from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $23.20.
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SpartanNash Company (SPTN) traded up $1.24 on Wednesday, hitting $21.09. The stock had a trading volume of 358,300 shares, compared to its average volume of 199,900. SpartanNash Company has a 52-week low of $18.56 and a 52-week high of $40.38. The company has a market cap of $733.89, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 3.06 and a beta of 1.02. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.92.
SpartanNash (NASDAQ:SPTN) last announced its earnings results on Wednesday, November 8th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.90 billion. SpartanNash had a positive return on equity of 10.35% and a negative net margin of 0.93%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS. research analysts forecast that SpartanNash Company will post 2.16 earnings per share for the current fiscal year.
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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