SpartanNash Company $SPTN Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in shares of SpartanNash Company (NASDAQ:SPTN) by 8.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 390,061 shares of the company’s stock after purchasing an additional 29,400 shares during the period. Charles Schwab Investment Management Inc. owned about 1.15% of SpartanNash worth $7,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPTN. GAMMA Investing LLC grew its position in shares of SpartanNash by 2,098.7% during the 1st quarter. GAMMA Investing LLC now owns 164,045 shares of the company’s stock valued at $3,324,000 after acquiring an additional 156,584 shares during the period. LSV Asset Management grew its position in shares of SpartanNash by 12.2% during the 1st quarter. LSV Asset Management now owns 1,096,261 shares of the company’s stock valued at $22,210,000 after acquiring an additional 118,863 shares during the period. Phocas Financial Corp. grew its position in shares of SpartanNash by 49.3% during the 1st quarter. Phocas Financial Corp. now owns 324,606 shares of the company’s stock valued at $6,577,000 after acquiring an additional 107,125 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of SpartanNash during the 4th quarter valued at about $1,910,000. Finally, ProShare Advisors LLC grew its position in shares of SpartanNash by 31.3% during the 4th quarter. ProShare Advisors LLC now owns 422,921 shares of the company’s stock valued at $7,748,000 after acquiring an additional 100,833 shares during the period. 84.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SPTN shares. Zacks Research upgraded SpartanNash from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th. Wall Street Zen downgraded shares of SpartanNash from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Finally, BMO Capital Markets restated a “market perform” rating and set a $26.90 price target (up previously from $20.00) on shares of SpartanNash in a research report on Tuesday, June 24th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $18.45.

SpartanNash Price Performance

SPTN opened at $26.67 on Tuesday. SpartanNash Company has a twelve month low of $17.30 and a twelve month high of $26.71. The company has a quick ratio of 0.80, a current ratio of 1.57 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average price of $25.85 and a 200 day moving average price of $21.78. The company has a market cap of $903.05 million, a PE ratio of -55.56 and a beta of 0.46.

SpartanNash (NASDAQ:SPTN) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.04. SpartanNash had a negative net margin of 0.16% and a positive return on equity of 8.19%. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Sell-side analysts expect that SpartanNash Company will post 1.79 earnings per share for the current fiscal year.

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.