SpartanNash (NASDAQ:SPTN) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of SpartanNash (NASDAQ:SPTN) by 14.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,042,192 shares of the company’s stock after purchasing an additional 129,907 shares during the quarter. American Century Companies Inc. owned about 3.09% of SpartanNash worth $19,093,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Nisa Investment Advisors LLC grew its position in SpartanNash by 3,585.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company’s stock worth $32,000 after buying an additional 1,685 shares during the period. GAMMA Investing LLC boosted its stake in shares of SpartanNash by 90.3% during the 4th quarter. GAMMA Investing LLC now owns 7,461 shares of the company’s stock worth $137,000 after acquiring an additional 3,541 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of SpartanNash in the 3rd quarter worth approximately $211,000. Verition Fund Management LLC purchased a new position in SpartanNash in the 3rd quarter valued at approximately $244,000. Finally, Ieq Capital LLC acquired a new position in SpartanNash during the fourth quarter worth $231,000. Hedge funds and other institutional investors own 84.59% of the company’s stock.

Wall Street Analyst Weigh In

SPTN has been the topic of several research reports. Northcoast Research lowered SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a report on Wednesday, February 19th. StockNews.com cut shares of SpartanNash from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th.

SpartanNash Price Performance

SPTN stock opened at $20.03 on Monday. The stock’s 50 day moving average price is $19.43 and its 200 day moving average price is $19.77. The firm has a market cap of $676.31 million, a P/E ratio of -2,003.00 and a beta of 0.34. 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 has a 1 year low of $17.30 and a 1 year high of $23.00.

SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.09. During the same period in the previous year, the company earned $0.35 earnings per share. On average, sell-side analysts expect that SpartanNash will post 1.79 earnings per share for the current fiscal year.

SpartanNash Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, March 21st. This is an increase from SpartanNash’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.39%. SpartanNash’s payout ratio is -8,800.00%.

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.