MQS Management LLC Invests $353,000 in SpartanNash (NASDAQ:SPTN)

MQS Management LLC bought a new stake in shares of SpartanNash (NASDAQ:SPTN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,802 shares of the company’s stock, valued at approximately $353,000. MQS Management LLC owned 0.06% of SpartanNash at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parallel Advisors LLC grew its holdings in SpartanNash by 58.3% in the 4th quarter. Parallel Advisors LLC now owns 1,255 shares of the company’s stock worth $29,000 after acquiring an additional 462 shares during the last quarter. Larson Financial Group LLC bought a new stake in shares of SpartanNash in the first quarter worth about $30,000. nVerses Capital LLC purchased a new position in SpartanNash during the 2nd quarter valued at about $30,000. Blue Trust Inc. raised its position in SpartanNash by 5,317.6% during the 2nd quarter. Blue Trust Inc. now owns 1,842 shares of the company’s stock valued at $37,000 after purchasing an additional 1,808 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in SpartanNash by 114.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,380 shares of the company’s stock worth $45,000 after buying an additional 1,270 shares during the period. 84.59% of the stock is currently owned by institutional investors.

SpartanNash Trading Down 1.2 %

NASDAQ SPTN opened at $21.66 on Friday. The firm has a market capitalization of $734.10 million, a PE ratio of 13.97 and a beta of 0.39. The stock’s 50 day moving average is $20.91 and its 200 day moving average is $19.98. SpartanNash has a twelve month low of $17.74 and a twelve month high of $24.51. The company has a quick ratio of 0.80, a current ratio of 1.62 and a debt-to-equity ratio of 0.76.

SpartanNash (NASDAQ:SPTN) last announced its earnings results on Thursday, August 15th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.27 billion. SpartanNash had a net margin of 0.48% and a return on equity of 8.87%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 EPS. Research analysts forecast that SpartanNash will post 1.98 earnings per share for the current fiscal year.

SpartanNash Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 23rd will be paid a dividend of $0.218 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Monday, September 23rd. SpartanNash’s dividend payout ratio is 56.13%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. BMO Capital Markets decreased their target price on SpartanNash from $22.00 to $20.00 and set a “market perform” rating for the company in a report on Friday, May 31st. StockNews.com upgraded shares of SpartanNash from a “hold” rating to a “buy” rating in a report on Wednesday.

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.