SpartanNash (NASDAQ:SPTN) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in SpartanNash (NASDAQ:SPTN – Get Rating) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,923,240 shares of the company’s stock after purchasing an additional 30,161 shares during the quarter. Dimensional Fund Advisors LP owned about 8.29% of SpartanNash worth $88,398,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its holdings in SpartanNash by 5.2% in the third quarter. Captrust Financial Advisors now owns 6,907 shares of the company’s stock valued at $200,000 after acquiring an additional 344 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of SpartanNash by 1.4% during the 4th quarter. SummerHaven Investment Management LLC now owns 25,467 shares of the company’s stock worth $770,000 after purchasing an additional 352 shares during the period. Oregon Public Employees Retirement Fund increased its position in SpartanNash by 3.6% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 11,908 shares of the company’s stock worth $346,000 after purchasing an additional 414 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in SpartanNash by 1.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 23,788 shares of the company’s stock valued at $718,000 after buying an additional 442 shares during the period. Finally, US Bancorp DE grew its stake in SpartanNash by 10.7% during the first quarter. US Bancorp DE now owns 5,275 shares of the company’s stock worth $174,000 after buying an additional 508 shares during the period. 87.14% of the stock is currently owned by hedge funds and other institutional investors.

SpartanNash Stock Performance

SpartanNash stock opened at $24.06 on Wednesday. SpartanNash has a 12-month low of $22.98 and a 12-month high of $37.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.51 and a quick ratio of 0.70. The company has a market capitalization of $844.99 million, a price-to-earnings ratio of 25.33 and a beta of 0.71. The firm’s fifty day moving average price is $24.35 and its 200 day moving average price is $28.74.

SpartanNash (NASDAQ:SPTN – Get Rating) last announced its earnings results on Thursday, February 23rd. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.07). The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.23 billion. SpartanNash had a return on equity of 10.80% and a net margin of 0.36%. On average, research analysts forecast that SpartanNash will post 2.23 EPS for the current fiscal year.

SpartanNash Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 17th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Thursday, March 16th. This is a positive change from SpartanNash’s previous quarterly dividend of $0.21. SpartanNash’s payout ratio is 90.53%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SPTN shares. StockNews.com initiated coverage on shares of SpartanNash in a report on Thursday, May 18th. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on SpartanNash from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Monday, February 27th.

SpartanNash Profile

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SpartanNash Co engages in the distribution of grocery products to military commissaries in the U.S. It operates through the following segments: Military, Food Distribution and Retail. The Military segment sells and distributes grocery products primarily to U.S. military commissaries and exchanges. The Food Distribution segment distributes groceries to independent and corporate owned grocery retailers using multi-platform sales approach.