SpartanNash (NASDAQ:SPTN) Shares Purchased by Barclays PLC

Barclays PLC grew its stake in shares of SpartanNash (NASDAQ:SPTN) by 120.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,412 shares of the company’s stock after acquiring an additional 47,141 shares during the period. Barclays PLC owned about 0.26% of SpartanNash worth $1,936,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Dean Investment Associates LLC grew its stake in SpartanNash by 54.2% in the third quarter. Dean Investment Associates LLC now owns 188,335 shares of the company’s stock worth $4,221,000 after purchasing an additional 66,178 shares in the last quarter. Stifel Financial Corp lifted its holdings in SpartanNash by 14.7% during the 3rd quarter. Stifel Financial Corp now owns 47,240 shares of the company’s stock worth $1,059,000 after buying an additional 6,058 shares during the last quarter. Atom Investors LP acquired a new position in shares of SpartanNash in the 3rd quarter worth approximately $419,000. Verition Fund Management LLC bought a new stake in shares of SpartanNash in the 3rd quarter valued at approximately $244,000. Finally, Martingale Asset Management L P raised its position in shares of SpartanNash by 2.2% during the 3rd quarter. Martingale Asset Management L P now owns 48,114 shares of the company’s stock valued at $1,078,000 after acquiring an additional 1,040 shares in the last quarter. Institutional investors own 84.59% of the company’s stock.

Wall Street Analyst Weigh In

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

SpartanNash Stock Performance

Shares of NASDAQ SPTN opened at $18.44 on Friday. The stock has a market capitalization of $622.44 million, a P/E ratio of 13.86 and a beta of 0.35. The firm’s 50-day moving average price is $19.69 and its two-hundred day moving average price is $20.19. SpartanNash has a 52-week low of $17.74 and a 52-week high of $24.51. The company has a quick ratio of 0.83, a current ratio of 1.62 and a debt-to-equity ratio of 0.80.

SpartanNash (NASDAQ:SPTN) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.48 earnings per share (EPS) 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 business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, sell-side analysts forecast that SpartanNash will post 1.88 earnings per share for the current year.

SpartanNash Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Monday, December 9th. SpartanNash’s payout ratio is 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.