Mason Street Advisors LLC raised its position in shares of SpartanNash Company (NASDAQ:SPTN) by 7.1% during the first quarter, Holdings Channel reports. The fund owned 8,773 shares of the company’s stock after buying an additional 583 shares during the period. Mason Street Advisors LLC’s holdings in SpartanNash Company were worth $307,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of SPTN. Alpha Windward LLC boosted its stake in shares of SpartanNash Company by 0.5% in the first quarter. Alpha Windward LLC now owns 12,420 shares of the company’s stock worth $435,000 after buying an additional 60 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of SpartanNash Company by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 4,140 shares of the company’s stock worth $144,000 after buying an additional 80 shares during the last quarter. Huntington National Bank boosted its stake in shares of SpartanNash Company by 3.8% in the first quarter. Huntington National Bank now owns 3,254 shares of the company’s stock worth $114,000 after buying an additional 120 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of SpartanNash Company by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 15,260 shares of the company’s stock worth $534,000 after buying an additional 200 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of SpartanNash Company by 3.5% in the first quarter. Assetmark Inc. now owns 6,603 shares of the company’s stock worth $231,000 after buying an additional 223 shares during the last quarter. 88.30% of the stock is currently owned by institutional investors and hedge funds.
SpartanNash Company (NASDAQ:SPTN) opened at 26.74 on Thursday. The stock’s 50 day moving average is $33.00 and its 200-day moving average is $35.78. SpartanNash Company has a 52-week low of $26.12 and a 52-week high of $40.38. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 16.25 and a beta of 1.00.
SpartanNash Company (NASDAQ:SPTN) last announced its quarterly earnings data on Wednesday, May 24th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.46 billion. SpartanNash Company had a net margin of 0.79% and a return on equity of 10.03%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $0.54 EPS. Equities research analysts anticipate that SpartanNash Company will post $2.30 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be given a dividend of $0.165 per share. The ex-dividend date is Wednesday, June 14th. This represents a $0.66 annualized dividend and a dividend yield of 2.47%. SpartanNash Company’s payout ratio is 40.00%.
A number of equities research analysts have issued reports on the stock. BidaskClub cut shares of SpartanNash Company from a “hold” rating to a “sell” rating in a report on Monday. ValuEngine cut shares of SpartanNash Company from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of SpartanNash Company from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th. Jefferies Group LLC set a $35.00 target price on shares of SpartanNash Company and gave the company a “hold” rating in a report on Wednesday, June 14th. Finally, Pivotal Research lowered their target price on shares of SpartanNash Company from $40.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, May 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $34.00.
In other news, EVP Lawrence R. Pierce sold 1,177 shares of the firm’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $34.97, for a total transaction of $41,159.69. Following the sale, the executive vice president now directly owns 30,997 shares in the company, valued at approximately $1,083,965.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank Gambino sold 3,686 shares of the firm’s stock in a transaction on Friday, March 24th. The shares were sold at an average price of $33.54, for a total transaction of $123,628.44. Following the sale, the director now owns 34,869 shares in the company, valued at $1,169,506.26. The disclosure for this sale can be found here. Insiders have sold a total of 70,056 shares of company stock worth $2,430,277 over the last 90 days. Insiders own 3.00% of the company’s stock.
About SpartanNash Company
SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries.
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