HighTower Advisors LLC Has $399,000 Holdings in SpartanNash (NASDAQ:SPTN)

HighTower Advisors LLC raised its stake in shares of SpartanNash (NASDAQ:SPTN) by 26.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,769 shares of the company’s stock after purchasing an additional 4,507 shares during the period. HighTower Advisors LLC owned 0.06% of SpartanNash worth $399,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPTN. Amundi lifted its stake in shares of SpartanNash by 144.2% in the fourth quarter. Amundi now owns 17,250 shares of the company’s stock worth $311,000 after acquiring an additional 10,186 shares during the period. Raymond James Financial Inc. bought a new stake in shares of SpartanNash in the 4th quarter valued at $319,000. Dana Investment Advisors Inc. increased its position in shares of SpartanNash by 16.7% during the fourth quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company’s stock worth $6,280,000 after buying an additional 48,987 shares during the period. Victory Capital Management Inc. raised its stake in SpartanNash by 90.7% during the fourth quarter. Victory Capital Management Inc. now owns 27,994 shares of the company’s stock worth $513,000 after buying an additional 13,313 shares during the last quarter. Finally, AMH Equity Ltd boosted its position in SpartanNash by 316.7% during the fourth quarter. AMH Equity Ltd now owns 125,000 shares of the company’s stock valued at $2,290,000 after acquiring an additional 95,000 shares during the last quarter. 84.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SPTN shares. Northcoast Research lowered SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research report on Wednesday, February 19th. StockNews.com lowered SpartanNash from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th.

SpartanNash Trading Up 1.1 %

SPTN opened at $20.26 on Tuesday. The company has a fifty day moving average price of $19.48 and a two-hundred day moving average price of $19.76. SpartanNash has a 1-year low of $17.30 and a 1-year high of $23.00. The company has a market cap of $684.08 million, a P/E ratio of -2,026.00 and a beta of 0.34. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00.

SpartanNash (NASDAQ:SPTN) last posted its quarterly 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 last year, the company earned $0.35 EPS. Analysts predict that SpartanNash will post 1.79 EPS for the current fiscal year.

SpartanNash Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Friday, March 21st. This is a positive change from SpartanNash’s previous quarterly dividend of $0.22. 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.