Thrivent Financial for Lutherans Sells 1,426 Shares of SpartanNash (NASDAQ:SPTN)

Thrivent Financial for Lutherans lessened its position in SpartanNash (NASDAQ:SPTN) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,611 shares of the company’s stock after selling 1,426 shares during the period. Thrivent Financial for Lutherans owned 0.08% of SpartanNash worth $537,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. American Century Companies Inc. grew its position in shares of SpartanNash by 20.0% during the 2nd quarter. American Century Companies Inc. now owns 744,282 shares of the company’s stock worth $13,963,000 after buying an additional 123,952 shares during the period. SageView Advisory Group LLC acquired a new stake in SpartanNash in the first quarter worth $789,000. Foundry Partners LLC increased its stake in SpartanNash by 31.5% in the second quarter. Foundry Partners LLC now owns 160,305 shares of the company’s stock valued at $3,007,000 after purchasing an additional 38,425 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in SpartanNash by 56.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 95,418 shares of the company’s stock valued at $1,928,000 after purchasing an additional 34,384 shares in the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of SpartanNash during the first quarter valued at about $679,000. Institutional investors own 84.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded SpartanNash from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th.

SpartanNash Stock Up 1.3 %

Shares of NASDAQ SPTN opened at $21.13 on Wednesday. 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 company has a 50-day moving average price of $21.30 and a 200-day moving average price of $20.13. The stock has a market capitalization of $716.14 million, a P/E ratio of 13.63 and a beta of 0.39. SpartanNash has a 1 year low of $17.74 and a 1 year high of $24.51.

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

SpartanNash Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 23rd were given a $0.218 dividend. This represents a $0.87 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Monday, September 23rd. SpartanNash’s dividend payout ratio (DPR) is presently 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.