Point72 Asia Singapore Pte. Ltd. Cuts Holdings in SpartanNash (NASDAQ:SPTN)

Point72 Asia Singapore Pte. Ltd. decreased its position in SpartanNash (NASDAQ:SPTN) by 65.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,407 shares of the company’s stock after selling 2,674 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in SpartanNash were worth $26,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of SpartanNash by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,123,088 shares of the company’s stock valued at $63,118,000 after acquiring an additional 20,262 shares in the last quarter. American Century Companies Inc. increased its position in shares of SpartanNash by 20.0% during the 2nd quarter. American Century Companies Inc. now owns 744,282 shares of the company’s stock valued at $13,963,000 after purchasing an additional 123,952 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of SpartanNash by 7.2% during the 1st quarter. ProShare Advisors LLC now owns 364,537 shares of the company’s stock worth $7,367,000 after purchasing an additional 24,578 shares during the period. Ellsworth Advisors LLC boosted its holdings in shares of SpartanNash by 3.5% in the 2nd quarter. Ellsworth Advisors LLC now owns 221,939 shares of the company’s stock worth $4,164,000 after buying an additional 7,524 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its position in SpartanNash by 29.6% during the fourth quarter. Allianz Asset Management GmbH now owns 183,172 shares of the company’s stock valued at $4,204,000 after buying an additional 41,832 shares during the period. Institutional investors own 84.59% of the company’s stock.

Wall Street Analyst Weigh In

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

SpartanNash Price Performance

SpartanNash stock opened at $22.58 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The business’s 50 day simple moving average is $21.20 and its 200 day simple moving average is $20.06. SpartanNash has a 12 month low of $17.74 and a 12 month high of $24.51. The company has a market cap of $761.85 million, a price-to-earnings ratio of 14.57 and a beta of 0.39.

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

SpartanNash Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 23rd will be given a $0.218 dividend. This represents a $0.87 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Monday, September 23rd. SpartanNash’s dividend payout ratio (DPR) is currently 56.13%.

SpartanNash Company 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.