SpartanNash (NASDAQ:SPTN) Stock Holdings Increased by Stifel Financial Corp

Stifel Financial Corp grew its position in shares of SpartanNash (NASDAQ:SPTN) by 14.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,240 shares of the company’s stock after buying an additional 6,058 shares during the period. Stifel Financial Corp owned about 0.14% of SpartanNash worth $1,059,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SPTN. Atom Investors LP bought a new position in SpartanNash in the third quarter worth about $419,000. Verition Fund Management LLC acquired a new stake in shares of SpartanNash during the 3rd quarter worth approximately $244,000. Martingale Asset Management L P lifted its holdings in shares of SpartanNash by 2.2% in the 3rd quarter. Martingale Asset Management L P now owns 48,114 shares of the company’s stock worth $1,078,000 after purchasing an additional 1,040 shares during the last quarter. Foundry Partners LLC boosted its position in SpartanNash by 16.5% during the 3rd quarter. Foundry Partners LLC now owns 186,680 shares of the company’s stock valued at $4,183,000 after purchasing an additional 26,375 shares during the period. Finally, Intech Investment Management LLC increased its position in SpartanNash by 64.3% in the third quarter. Intech Investment Management LLC now owns 20,769 shares of the company’s stock worth $465,000 after buying an additional 8,125 shares during the period. Institutional investors and hedge funds own 84.59% of the company’s stock.

SpartanNash Stock Down 5.4 %

SPTN opened at $18.35 on Tuesday. The stock’s 50 day moving average price is $19.84 and its 200 day moving average price is $20.20. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 0.83. The stock has a market cap of $619.40 million, a P/E ratio of 13.80 and a beta of 0.35. SpartanNash has a 12 month low of $17.74 and a 12 month high of $24.51.

SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings data 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. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.24 billion. SpartanNash had a net margin of 0.48% and a return on equity of 8.57%. The company’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. As a group, research analysts predict that SpartanNash will post 1.88 earnings per share for the current year.

SpartanNash Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend is Monday, December 9th. SpartanNash’s dividend payout ratio (DPR) is presently 65.41%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

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.