SpartanNash (NASDAQ:SPTN) Stock Position Decreased by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in shares of SpartanNash (NASDAQ:SPTNGet Rating) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 85,285 shares of the company’s stock after selling 3,500 shares during the period. New York State Teachers Retirement System owned 0.24% of SpartanNash worth $2,475,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SPTN. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of SpartanNash during the 2nd quarter valued at about $12,435,000. JPMorgan Chase & Co. grew its position in shares of SpartanNash by 116.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 704,131 shares of the company’s stock valued at $21,243,000 after buying an additional 378,080 shares during the last quarter. Vanguard Group Inc. grew its position in shares of SpartanNash by 9.7% during the 1st quarter. Vanguard Group Inc. now owns 2,990,249 shares of the company’s stock valued at $98,649,000 after buying an additional 263,582 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of SpartanNash by 142.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 383,456 shares of the company’s stock valued at $11,569,000 after buying an additional 225,579 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in SpartanNash by 18.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,246,712 shares of the company’s stock worth $37,613,000 after purchasing an additional 190,800 shares during the last quarter. Institutional investors own 87.14% of the company’s stock.

Wall Street Analysts Forecast Growth

SPTN has been the subject of several recent analyst reports. Northcoast Research upgraded shares of SpartanNash from a “neutral” rating to a “buy” rating in a research report on Thursday, December 1st. StockNews.com cut shares of SpartanNash from a “buy” rating to a “hold” rating in a research report on Monday, November 14th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of SpartanNash from $36.00 to $35.00 and set a “hold” rating for the company in a research report on Monday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $33.00.

SpartanNash Trading Up 1.0 %

Shares of NASDAQ:SPTN opened at $31.09 on Wednesday. The company has a 50 day moving average of $31.80 and a 200-day moving average of $31.70. The firm has a market cap of $1.10 billion, a P/E ratio of 20.06 and a beta of 0.73. SpartanNash has a twelve month low of $23.76 and a twelve month high of $37.75. The company has a current ratio of 1.63, a quick ratio of 0.74 and a debt-to-equity ratio of 0.66.

SpartanNash (NASDAQ:SPTNGet Rating) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.08. The company had revenue of $2.30 billion during the quarter. SpartanNash had a net margin of 0.60% and a return on equity of 10.26%. As a group, analysts anticipate that SpartanNash will post 2.36 earnings per share for the current fiscal year.

SpartanNash Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 9th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Thursday, December 8th. SpartanNash’s dividend payout ratio is currently 54.19%.

SpartanNash Company Profile

(Get Rating)

SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 65,000 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 retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores.

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Institutional Ownership by Quarter for SpartanNash (NASDAQ:SPTN)

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