Louisiana State Employees Retirement System Sells 1,000 Shares of SpartanNash (NASDAQ:SPTN)

Louisiana State Employees Retirement System reduced its stake in shares of SpartanNash (NASDAQ:SPTNFree Report) by 5.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,300 shares of the company’s stock after selling 1,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in SpartanNash were worth $365,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SPTN. Larson Financial Group LLC purchased a new position in shares of SpartanNash in the 1st quarter worth approximately $30,000. nVerses Capital LLC bought a new position in SpartanNash during the second quarter valued at $30,000. Canada Pension Plan Investment Board bought a new position in SpartanNash during the second quarter valued at $34,000. Blue Trust Inc. raised its stake in shares of SpartanNash by 5,317.6% in the second quarter. Blue Trust Inc. now owns 1,842 shares of the company’s stock valued at $37,000 after acquiring an additional 1,808 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of SpartanNash by 64.9% during the 3rd quarter. Signaturefd LLC now owns 1,801 shares of the company’s stock worth $40,000 after purchasing an additional 709 shares during the period. 84.59% of the stock is owned by institutional investors.

SpartanNash Price Performance

SPTN opened at $22.59 on Thursday. The stock has a market cap of $762.19 million, a P/E ratio of 16.99 and a beta of 0.39. SpartanNash has a 52-week low of $17.74 and a 52-week 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. The business has a fifty day moving average of $21.72 and a 200 day moving average of $20.43.

SpartanNash (NASDAQ:SPTNGet Free Report) last issued its quarterly earnings data on Thursday, August 15th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The firm 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 EPS. As a group, sell-side analysts anticipate that SpartanNash will post 1.98 EPS for the current year.

SpartanNash Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 23rd were paid a $0.218 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.87 annualized dividend and a yield of 3.86%. SpartanNash’s dividend payout ratio (DPR) is 65.41%.

Analysts Set New Price Targets

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

Check Out Our Latest Analysis on SpartanNash

SpartanNash Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SpartanNash (NASDAQ:SPTN)

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