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

American Century Companies Inc. grew its holdings in shares of SpartanNash (NASDAQ:SPTN) by 20.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 744,282 shares of the company’s stock after acquiring an additional 123,952 shares during the quarter. American Century Companies Inc. owned about 2.20% of SpartanNash worth $13,963,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allianz Asset Management GmbH raised its stake in shares of SpartanNash by 29.6% during the fourth quarter. Allianz Asset Management GmbH now owns 183,172 shares of the company’s stock valued at $4,204,000 after purchasing an additional 41,832 shares in the last quarter. SageView Advisory Group LLC bought a new stake in shares of SpartanNash during the 1st quarter worth about $789,000. Commonwealth Equity Services LLC lifted its stake in shares of SpartanNash by 3.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 33,323 shares of the company’s stock worth $673,000 after acquiring an additional 1,241 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of SpartanNash by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,809,909 shares of the company’s stock valued at $64,488,000 after acquiring an additional 11,683 shares in the last quarter. Finally, Moloney Securities Asset Management LLC acquired a new position in shares of SpartanNash during the second quarter valued at approximately $492,000. Institutional investors own 84.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. BMO Capital Markets cut their target price on SpartanNash from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Friday, May 31st. StockNews.com upgraded SpartanNash from a “hold” rating to a “buy” rating in a report on Wednesday.

SpartanNash Stock Performance

Shares of SPTN opened at $21.66 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.62 and a quick ratio of 0.80. The stock has a market capitalization of $734.10 million, a P/E ratio of 13.97 and a beta of 0.39. SpartanNash has a 12-month low of $17.74 and a 12-month high of $24.51. The firm’s 50 day moving average is $20.91 and its 200-day moving average is $19.98.

SpartanNash (NASDAQ:SPTN) last issued its earnings results on Thursday, August 15th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. SpartanNash had a return on equity of 8.87% and a net margin of 0.48%. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the firm posted $0.65 EPS. The company’s quarterly revenue was down 3.5% on a year-over-year basis. Equities research analysts anticipate that SpartanNash will post 1.98 EPS for the current fiscal year.

SpartanNash Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 23rd will be given a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a yield of 4.03%. The ex-dividend date is Monday, September 23rd. SpartanNash’s payout ratio is 56.13%.

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.