Mackenzie Financial Corp Purchases 47,397 Shares of SpartanNash Company (NASDAQ:SPTN)

Mackenzie Financial Corp grew its position in SpartanNash Company (NASDAQ:SPTN) by 133.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,915 shares of the company’s stock after purchasing an additional 47,397 shares during the quarter. Mackenzie Financial Corp owned approximately 0.24% of SpartanNash worth $1,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. State of Wyoming bought a new position in shares of SpartanNash in the fourth quarter worth approximately $43,000. Tower Research Capital LLC TRC lifted its holdings in shares of SpartanNash by 167.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company’s stock worth $109,000 after buying an additional 3,735 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of SpartanNash in the fourth quarter worth $113,000. KLP Kapitalforvaltning AS purchased a new position in shares of SpartanNash in the fourth quarter worth $132,000. Finally, GAMMA Investing LLC lifted its holdings in shares of SpartanNash by 8.5% in the first quarter. GAMMA Investing LLC now owns 8,097 shares of the company’s stock worth $164,000 after buying an additional 636 shares in the last quarter. 84.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SPTN shares. Wall Street Zen downgraded shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Friday, May 30th. BMO Capital Markets reissued a “market perform” rating and issued a $26.90 target price (up previously from $20.00) on shares of SpartanNash in a report on Tuesday, June 24th.

SpartanNash Stock Down 0.0%

Shares of NASDAQ SPTN opened at $26.53 on Monday. The firm’s 50-day moving average price is $23.38 and its 200-day moving average price is $20.85. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $898.04 million, a price-to-earnings ratio of -82.91 and a beta of 0.46. SpartanNash Company has a 12-month low of $17.30 and a 12-month high of $26.69.

SpartanNash (NASDAQ:SPTN) last announced its earnings results on Thursday, May 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.87 billion. SpartanNash had a negative net margin of 0.11% and a positive return on equity of 8.26%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share. On average, equities research analysts anticipate that SpartanNash Company will post 1.79 EPS for the current fiscal year.

SpartanNash Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.88 annualized dividend and a dividend yield of 3.3%. SpartanNash’s dividend payout ratio is currently -275.00%.

About SpartanNash

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.