SpartanNash (NASDAQ:SPTN) Stock Holdings Lowered by Blue Trust Inc.

Blue Trust Inc. trimmed its position in shares of SpartanNash (NASDAQ:SPTN) by 17.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,194 shares of the company’s stock after selling 1,337 shares during the period. Blue Trust Inc.’s holdings in SpartanNash were worth $113,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its holdings in shares of SpartanNash by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 80,418 shares of the company’s stock valued at $1,473,000 after purchasing an additional 3,308 shares during the period. Inspire Investing LLC lifted its holdings in shares of SpartanNash by 17.6% in the fourth quarter. Inspire Investing LLC now owns 21,567 shares of the company’s stock valued at $395,000 after buying an additional 3,227 shares during the period. MBM Wealth Consultants LLC raised its position in SpartanNash by 10.1% in the fourth quarter. MBM Wealth Consultants LLC now owns 13,083 shares of the company’s stock worth $238,000 after acquiring an additional 1,203 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in SpartanNash by 3,585.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company’s stock valued at $32,000 after acquiring an additional 1,685 shares during the last quarter. Finally, Burney Co. boosted its holdings in SpartanNash by 4.2% during the fourth quarter. Burney Co. now owns 65,140 shares of the company’s stock worth $1,193,000 after buying an additional 2,599 shares in the last quarter. Institutional investors own 84.59% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded SpartanNash from a “buy” rating to a “hold” rating in a research report on Thursday, January 30th.

SpartanNash Stock Performance

SpartanNash stock opened at $18.83 on Friday. SpartanNash has a fifty-two week low of $17.30 and a fifty-two week high of $23.00. The firm’s 50 day simple moving average is $18.54 and its 200-day simple moving average is $20.05. 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 company has a market cap of $635.70 million, a P/E ratio of 14.16 and a beta of 0.34.

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

SpartanNash Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were issued a $0.2175 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.62%. SpartanNash’s dividend payout ratio is 65.41%.

SpartanNash 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.