SpartanNash (NASDAQ:SPTN) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in shares of SpartanNash (NASDAQ:SPTN) by 7.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,500 shares of the company’s stock after selling 2,111 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of SpartanNash worth $594,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SPTN. American Century Companies Inc. lifted its stake 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 purchasing an additional 123,952 shares in the last quarter. Dana Investment Advisors Inc. raised its stake in shares of SpartanNash by 14.5% in the second quarter. Dana Investment Advisors Inc. now owns 328,357 shares of the company’s stock valued at $6,160,000 after acquiring an additional 41,619 shares in the last quarter. Foundry Partners LLC raised its stake in shares of SpartanNash by 31.5% in the second quarter. Foundry Partners LLC now owns 160,305 shares of the company’s stock valued at $3,007,000 after acquiring an additional 38,425 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of SpartanNash in the second quarter valued at $638,000. Finally, AQR Capital Management LLC raised its stake in shares of 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 in the last quarter. 84.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut SpartanNash from a “buy” rating to a “hold” rating in a research note on Friday, November 8th.

SpartanNash Stock Up 0.5 %

Shares of NASDAQ SPTN opened at $19.18 on Thursday. SpartanNash has a 12-month low of $17.74 and a 12-month high of $24.51. The company has a current ratio of 1.62, a quick ratio of 0.83 and a debt-to-equity ratio of 0.80. The stock has a market cap of $647.52 million, a P/E ratio of 14.42 and a beta of 0.35. The business’s fifty day simple moving average is $20.45 and its 200-day simple moving average is $20.27.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. SpartanNash had a return on equity of 8.57% and a net margin of 0.48%. The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the firm earned $0.54 earnings per share. SpartanNash’s quarterly revenue was down .6% on a year-over-year basis. As a group, equities analysts predict that SpartanNash will post 1.88 EPS for the current fiscal year.

SpartanNash Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a $0.2175 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date is Monday, December 9th. SpartanNash’s dividend payout ratio is presently 65.41%.

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.