SpartanNash (NASDAQ:SPTN) Stock Holdings Decreased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lessened its position in SpartanNash (NASDAQ:SPTN) by 4.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,805 shares of the company’s stock after selling 789 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in SpartanNash were worth $340,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in shares of SpartanNash by 58.3% in the fourth quarter. Parallel Advisors LLC now owns 1,255 shares of the company’s stock valued at $29,000 after purchasing an additional 462 shares in the last quarter. AJOVista LLC acquired a new stake in SpartanNash during the 4th quarter worth about $68,000. Nisa Investment Advisors LLC grew its stake in SpartanNash by 78.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,032 shares of the company’s stock valued at $70,000 after acquiring an additional 1,332 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of SpartanNash by 132.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,868 shares of the company’s stock valued at $173,000 after purchasing an additional 4,490 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of SpartanNash in the fourth quarter worth approximately $221,000. Institutional investors and hedge funds own 84.59% of the company’s stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets lowered their price objective on shares of SpartanNash from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Friday, May 31st.

SpartanNash Price Performance

Shares of NASDAQ:SPTN opened at $18.05 on Thursday. The business has a fifty day simple moving average of $19.53 and a 200 day simple moving average of $20.67. The company has a current ratio of 1.75, a quick ratio of 0.84 and a debt-to-equity ratio of 0.78. SpartanNash has a 1 year low of $17.97 and a 1 year high of $24.51. The firm has a market cap of $611.75 million, a price-to-earnings ratio of 11.65 and a beta of 0.41.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings results on Thursday, May 30th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. SpartanNash had a return on equity of 9.22% and a net margin of 0.56%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same period in the previous year, the company earned $0.64 EPS. The firm’s revenue was down 3.6% on a year-over-year basis. As a group, sell-side analysts predict that SpartanNash will post 1.96 earnings per share for the current fiscal year.

SpartanNash Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.218 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.83%. This is an increase from SpartanNash’s previous quarterly dividend of $0.22. SpartanNash’s dividend payout ratio (DPR) is currently 56.13%.

SpartanNash 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.