Amundi Acquires 10,186 Shares of SpartanNash (NASDAQ:SPTN)

Amundi raised its holdings in SpartanNash (NASDAQ:SPTN) by 144.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,250 shares of the company’s stock after buying an additional 10,186 shares during the quarter. Amundi owned about 0.05% of SpartanNash worth $311,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SPTN. Raymond James Financial Inc. purchased a new position in shares of SpartanNash in the 4th quarter valued at approximately $319,000. Dana Investment Advisors Inc. lifted its stake in shares of SpartanNash by 16.7% in the 4th quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company’s stock valued at $6,280,000 after purchasing an additional 48,987 shares during the period. Victory Capital Management Inc. lifted its stake in shares of SpartanNash by 90.7% in the 4th quarter. Victory Capital Management Inc. now owns 27,994 shares of the company’s stock valued at $513,000 after purchasing an additional 13,313 shares during the period. AMH Equity Ltd lifted its stake in shares of SpartanNash by 316.7% in the 4th quarter. AMH Equity Ltd now owns 125,000 shares of the company’s stock valued at $2,290,000 after purchasing an additional 95,000 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in SpartanNash by 13.3% during the fourth quarter. Bank of New York Mellon Corp now owns 481,538 shares of the company’s stock valued at $8,822,000 after buying an additional 56,677 shares during the last quarter. 84.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SPTN has been the subject of a number of recent research reports. Northcoast Research cut SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research note on Wednesday, February 19th. StockNews.com raised SpartanNash from a “hold” rating to a “buy” rating in a report on Tuesday.

SpartanNash Trading Down 2.4 %

SPTN opened at $19.62 on Friday. The stock has a market cap of $662.47 million, a price-to-earnings ratio of -1,962.00 and a beta of 0.34. The stock’s 50 day moving average price is $19.25 and its 200-day moving average price is $19.87. SpartanNash has a one year low of $17.30 and a one year high of $23.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57.

SpartanNash (NASDAQ:SPTN) last posted its earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. During the same period in the previous year, the business posted $0.35 EPS. On average, equities analysts forecast that SpartanNash will post 1.79 EPS for the current year.

SpartanNash Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Friday, March 21st. This is a positive change from SpartanNash’s previous quarterly dividend of $0.22. SpartanNash’s dividend payout ratio is currently -8,800.00%.

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.