Deutsche Bank AG Raises Stock Position in SpartanNash (NASDAQ:SPTN)

Deutsche Bank AG raised its stake in shares of SpartanNash (NASDAQ:SPTN) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,443 shares of the company’s stock after purchasing an additional 9,937 shares during the period. Deutsche Bank AG owned 0.35% of SpartanNash worth $2,188,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Yousif Capital Management LLC increased its stake in shares of SpartanNash by 5.9% during the fourth quarter. Yousif Capital Management LLC now owns 13,696 shares of the company’s stock worth $251,000 after purchasing an additional 768 shares in the last quarter. BOKF NA boosted its holdings in SpartanNash by 10.6% in the 4th quarter. BOKF NA now owns 13,394 shares of the company’s stock worth $233,000 after buying an additional 1,280 shares during the last quarter. MetLife Investment Management LLC increased its stake in SpartanNash by 8.1% during the 4th quarter. MetLife Investment Management LLC now owns 21,097 shares of the company’s stock worth $386,000 after buying an additional 1,572 shares in the last quarter. Caxton Associates LP raised its holdings in shares of SpartanNash by 5.2% during the fourth quarter. Caxton Associates LP now owns 32,306 shares of the company’s stock valued at $592,000 after acquiring an additional 1,599 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of SpartanNash by 3,585.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company’s stock valued at $32,000 after acquiring an additional 1,685 shares during the last quarter. 84.59% of the stock is owned by hedge funds and other institutional investors.

SpartanNash Stock Down 2.5%

SPTN stock opened at $18.96 on Friday. The company has a market cap of $641.72 million, a price-to-earnings ratio of -1,896.00 and a beta of 0.42. The firm has a 50-day moving average of $19.68 and a two-hundred day moving average of $19.24. SpartanNash has a 12 month low of $17.30 and a 12 month high of $23.00. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00.

SpartanNash Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.64%. SpartanNash’s dividend payout ratio (DPR) is presently -8,800.00%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wall Street Zen lowered SpartanNash from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. Northcoast Research lowered SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a report on Wednesday, February 19th.

SpartanNash Company Profile

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.