SpartanNash (NASDAQ:SPTN) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its stake in shares of SpartanNash (NASDAQ:SPTN) by 13.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,464 shares of the company’s stock after selling 11,571 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.22% of SpartanNash worth $1,646,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SPTN. Larson Financial Group LLC purchased a new stake in shares of SpartanNash during the first quarter worth approximately $30,000. nVerses Capital LLC acquired a new position in SpartanNash during the 2nd quarter worth approximately $30,000. Canada Pension Plan Investment Board purchased a new stake in shares of SpartanNash in the 2nd quarter valued at approximately $34,000. Blue Trust Inc. raised its holdings in shares of SpartanNash by 5,317.6% in the 2nd quarter. Blue Trust Inc. now owns 1,842 shares of the company’s stock valued at $37,000 after purchasing an additional 1,808 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of SpartanNash by 114.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,380 shares of the company’s stock valued at $45,000 after purchasing an additional 1,270 shares in the last quarter. Institutional investors and hedge funds own 84.59% of the company’s stock.

SpartanNash Price Performance

Shares of NASDAQ SPTN opened at $21.16 on Thursday. The stock’s 50-day simple moving average is $21.70 and its 200-day simple moving average is $20.34. The firm has a market capitalization of $713.94 million, a PE ratio of 15.91 and a beta of 0.39. SpartanNash has a fifty-two week low of $17.74 and a fifty-two week high of $24.51. 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 quarterly earnings data on Thursday, August 15th. The company reported $0.59 earnings per share for the quarter, topping 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 company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. As a group, equities research analysts forecast that SpartanNash will post 1.98 EPS for the current fiscal year.

SpartanNash Announces Dividend

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

Analyst Ratings Changes

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

SpartanNash Company 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.