Alliancebernstein L.P. increased its holdings in SpartanNash (NASDAQ:SPTN) by 109.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,950 shares of the company’s stock after acquiring an additional 50,690 shares during the quarter. Alliancebernstein L.P. owned approximately 0.26% of SpartanNash worth $2,587,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in SpartanNash by 1.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,050,025 shares of the company’s stock valued at $28,014,000 after buying an additional 17,915 shares during the period. Comerica Bank increased its stake in SpartanNash by 28.5% in the 4th quarter. Comerica Bank now owns 104,716 shares of the company’s stock valued at $2,612,000 after buying an additional 23,219 shares during the period. BlackRock Inc. increased its stake in SpartanNash by 2.2% in the 4th quarter. BlackRock Inc. now owns 4,781,861 shares of the company’s stock valued at $127,582,000 after buying an additional 102,108 shares during the period. Schwab Charles Investment Management Inc. increased its stake in SpartanNash by 14.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 452,425 shares of the company’s stock valued at $12,071,000 after buying an additional 58,009 shares during the period. Finally, First Trust Advisors LP increased its stake in SpartanNash by 11.1% in the 4th quarter. First Trust Advisors LP now owns 86,827 shares of the company’s stock valued at $2,317,000 after buying an additional 8,642 shares during the period. 89.71% of the stock is currently owned by institutional investors and hedge funds.
In other SpartanNash news, CFO Mark Shamber acquired 5,500 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were acquired at an average cost of $18.24 per share, for a total transaction of $100,320.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by insiders.
SpartanNash (NASDAQ:SPTN) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). SpartanNash had a positive return on equity of 10.08% and a negative net margin of 0.65%. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. SpartanNash’s quarterly revenue was up 5.3% on a year-over-year basis. research analysts expect that SpartanNash will post 2.26 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Friday, March 16th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This is a positive change from SpartanNash’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 3.99%. SpartanNash’s payout ratio is currently 34.29%.
Several equities analysts have issued reports on SPTN shares. Zacks Investment Research raised shares of SpartanNash from a “sell” rating to a “hold” rating in a research note on Saturday, February 24th. Pivotal Research restated a “sell” rating and set a $20.00 target price (down from $21.00) on shares of SpartanNash in a research report on Wednesday, February 21st. BidaskClub lowered shares of SpartanNash from a “hold” rating to a “sell” rating in a research report on Thursday, January 18th. BMO Capital Markets upgraded shares of SpartanNash from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $25.00 to $23.00 in a research report on Friday, March 2nd. They noted that the move was a valuation call. Finally, Deutsche Bank decreased their target price on shares of SpartanNash from $24.00 to $21.00 and set a “hold” rating on the stock in a research report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. SpartanNash currently has a consensus rating of “Hold” and a consensus target price of $22.20.
SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 60,000 stock-keeping units, such as 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 pharmacy products to independent retail locations, food service distributors, and corporate-owned retail stores.
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