SpartanNash (NASDAQ:SPTN) Stock Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in SpartanNash (NASDAQ:SPTN) by 71.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,486 shares of the company’s stock after purchasing an additional 42,719 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.30% of SpartanNash worth $2,297,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SPTN. Dana Investment Advisors Inc. boosted its stake in shares of SpartanNash by 14.5% during the 2nd quarter. Dana Investment Advisors Inc. now owns 328,357 shares of the company’s stock worth $6,160,000 after acquiring an additional 41,619 shares in the last quarter. Ellsworth Advisors LLC boosted its stake in shares of SpartanNash by 0.8% during the 3rd quarter. Ellsworth Advisors LLC now owns 223,742 shares of the company’s stock worth $5,014,000 after acquiring an additional 1,803 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of SpartanNash by 17.8% during the 2nd quarter. AQR Capital Management LLC now owns 197,551 shares of the company’s stock worth $3,706,000 after acquiring an additional 29,849 shares in the last quarter. Dean Investment Associates LLC boosted its stake in shares of SpartanNash by 54.2% during the 3rd quarter. Dean Investment Associates LLC now owns 188,335 shares of the company’s stock worth $4,221,000 after acquiring an additional 66,178 shares in the last quarter. Finally, Foundry Partners LLC boosted its stake in shares of SpartanNash by 16.5% during the 3rd quarter. Foundry Partners LLC now owns 186,680 shares of the company’s stock worth $4,183,000 after acquiring an additional 26,375 shares in the last quarter. Hedge funds and other institutional investors own 84.59% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered SpartanNash from a “buy” rating to a “hold” rating in a report on Wednesday.

SpartanNash Price Performance

NASDAQ:SPTN opened at $18.25 on Wednesday. The stock has a market cap of $616.12 million, a P/E ratio of 13.72 and a beta of 0.35. SpartanNash has a one year low of $17.30 and a one year high of $23.00. The company has a fifty day moving average price of $18.59 and a 200 day moving average price of $20.11. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 0.83.

SpartanNash (NASDAQ:SPTN) last released its earnings results on Thursday, November 7th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.24 billion. SpartanNash had a net margin of 0.48% and a return on equity of 8.57%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS. Analysts anticipate that SpartanNash will post 1.88 earnings per share for the current year.

SpartanNash Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were paid a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a yield of 4.77%. The ex-dividend date was Monday, December 9th. SpartanNash’s payout ratio is currently 65.41%.

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.