Texas Permanent School Fund Corp Has $723,000 Holdings in SpartanNash (NASDAQ:SPTN)

Texas Permanent School Fund Corp increased its stake in SpartanNash (NASDAQ:SPTN) by 28.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,559 shares of the company’s stock after purchasing an additional 8,461 shares during the period. Texas Permanent School Fund Corp owned approximately 0.11% of SpartanNash worth $723,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPTN. Allianz Asset Management GmbH boosted its stake in SpartanNash by 29.6% in the 4th quarter. Allianz Asset Management GmbH now owns 183,172 shares of the company’s stock worth $4,204,000 after purchasing an additional 41,832 shares during the period. SageView Advisory Group LLC acquired a new position in SpartanNash in the 1st quarter worth $789,000. Foundry Partners LLC boosted its stake in SpartanNash by 31.5% in the 2nd quarter. Foundry Partners LLC now owns 160,305 shares of the company’s stock worth $3,007,000 after purchasing an additional 38,425 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in SpartanNash by 56.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 95,418 shares of the company’s stock worth $1,928,000 after purchasing an additional 34,384 shares during the period. Finally, Concurrent Investment Advisors LLC acquired a new position in SpartanNash in the 1st quarter worth $679,000. 84.59% of the stock is owned by institutional investors and hedge funds.

SpartanNash Trading Down 1.2 %

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

SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings results on Thursday, August 15th. The company reported $0.59 EPS for the quarter, topping the consensus estimate 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 revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 EPS. On average, equities analysts forecast that SpartanNash will post 1.98 EPS for the current fiscal year.

SpartanNash Dividend Announcement

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

Analyst Upgrades and Downgrades

SPTN has been the topic of several analyst reports. BMO Capital Markets cut their price target 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. StockNews.com raised shares of SpartanNash from a “hold” rating to a “buy” rating in a research report on Wednesday.

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.