SpartanNash (NASDAQ:SPTN) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. increased its position in SpartanNash (NASDAQ:SPTN) by 308.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,531 shares of the company’s stock after buying an additional 5,689 shares during the period. Blue Trust Inc.’s holdings in SpartanNash were worth $169,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC acquired a new position in shares of SpartanNash in the first quarter valued at approximately $30,000. nVerses Capital LLC acquired a new position in shares of SpartanNash in the second quarter valued at approximately $30,000. Canada Pension Plan Investment Board acquired a new position in shares of SpartanNash in the second quarter valued at approximately $34,000. GAMMA Investing LLC raised its position in shares of SpartanNash by 114.4% in the second quarter. GAMMA Investing LLC now owns 2,380 shares of the company’s stock valued at $45,000 after buying an additional 1,270 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of SpartanNash in the second quarter valued at approximately $79,000. Institutional investors and hedge funds own 84.59% of the company’s stock.

SpartanNash Price Performance

SpartanNash stock opened at $21.15 on Friday. SpartanNash has a 1 year low of $17.74 and a 1 year high of $24.51. The firm has a 50 day moving average price of $21.71 and a 200 day moving average price of $20.30. The company has a market cap of $713.60 million, a price-to-earnings ratio of 15.90 and a beta of 0.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.62.

SpartanNash (NASDAQ:SPTN) last released its 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. SpartanNash had a net margin of 0.48% and a return on equity of 8.87%. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the firm earned $0.65 earnings per share. SpartanNash’s revenue was down 3.5% compared to the same quarter last year. Sell-side analysts predict that SpartanNash will post 1.98 earnings per share for the current year.

SpartanNash Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 23rd were issued a $0.218 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.87 dividend on an annualized basis and a yield of 4.12%. SpartanNash’s payout ratio is 65.41%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of SpartanNash from a “hold” rating to a “buy” rating in a research report on Wednesday, September 18th.

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.