Dana Investment Advisors Inc. Purchases 41,619 Shares of SpartanNash (NASDAQ:SPTN)

Dana Investment Advisors Inc. increased its holdings in SpartanNash (NASDAQ:SPTN) by 14.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 328,357 shares of the company’s stock after acquiring an additional 41,619 shares during the period. Dana Investment Advisors Inc. owned about 0.97% of SpartanNash worth $6,160,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in SpartanNash by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,123,088 shares of the company’s stock valued at $63,118,000 after purchasing an additional 20,262 shares during the period. American Century Companies Inc. increased its holdings in SpartanNash by 20.0% during the second quarter. American Century Companies Inc. now owns 744,282 shares of the company’s stock worth $13,963,000 after buying an additional 123,952 shares during the last quarter. ProShare Advisors LLC increased its holdings in SpartanNash by 7.2% during the first quarter. ProShare Advisors LLC now owns 364,537 shares of the company’s stock worth $7,367,000 after buying an additional 24,578 shares during the last quarter. Ellsworth Advisors LLC raised its position in SpartanNash by 3.5% in the second quarter. Ellsworth Advisors LLC now owns 221,939 shares of the company’s stock worth $4,164,000 after acquiring an additional 7,524 shares during the period. Finally, AQR Capital Management LLC boosted its stake in SpartanNash by 17.8% in the second quarter. AQR Capital Management LLC now owns 197,551 shares of the company’s stock valued at $3,706,000 after acquiring an additional 29,849 shares during the last quarter. 84.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of SpartanNash from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th.

SpartanNash Trading Up 0.8 %

Shares of SPTN opened at $22.58 on Wednesday. SpartanNash has a fifty-two week low of $17.74 and a fifty-two week high of $24.51. The business has a 50-day moving average of $21.20 and a 200 day moving average of $20.06. The firm has a market cap of $761.85 million, a P/E ratio of 14.57 and a beta of 0.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.62.

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

SpartanNash Dividend Announcement

The company also recently declared 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. This represents a $0.87 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Monday, September 23rd. SpartanNash’s payout ratio is 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.