Yousif Capital Management LLC Sells 1,375 Shares of SpartanNash (NASDAQ:SPTN)

Yousif Capital Management LLC lowered its position in SpartanNash (NASDAQ:SPTNFree Report) by 7.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,001 shares of the company’s stock after selling 1,375 shares during the period. Yousif Capital Management LLC’s holdings in SpartanNash were worth $352,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SPTN. JPMorgan Chase & Co. raised its stake in shares of SpartanNash by 141.6% in the first quarter. JPMorgan Chase & Co. now owns 967,416 shares of the company’s stock valued at $23,992,000 after acquiring an additional 566,957 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of SpartanNash by 9.7% in the first quarter. Vanguard Group Inc. now owns 2,990,249 shares of the company’s stock valued at $98,649,000 after acquiring an additional 263,582 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of SpartanNash by 142.9% in the second quarter. Goldman Sachs Group Inc. now owns 383,456 shares of the company’s stock valued at $11,569,000 after purchasing an additional 225,579 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of SpartanNash by 1,228.0% in the first quarter. Cubist Systematic Strategies LLC now owns 217,467 shares of the company’s stock valued at $5,393,000 after purchasing an additional 201,091 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of SpartanNash by 12.3% in the second quarter. Renaissance Technologies LLC now owns 1,180,978 shares of the company’s stock valued at $26,584,000 after purchasing an additional 129,084 shares in the last quarter. Institutional investors own 81.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SPTN. BMO Capital Markets lowered their price target on shares of SpartanNash from $23.00 to $22.00 and set a “market perform” rating for the company in a report on Friday, November 10th. TheStreet lowered shares of SpartanNash from a “b” rating to a “c+” rating in a report on Wednesday, November 8th. Finally, StockNews.com raised shares of SpartanNash from a “hold” rating to a “buy” rating in a report on Friday, November 17th.

Read Our Latest Stock Report on SpartanNash

SpartanNash Price Performance

SPTN opened at $22.78 on Wednesday. The company has a fifty day moving average price of $22.86 and a two-hundred day moving average price of $22.47. The firm has a market capitalization of $788.64 million, a PE ratio of 18.67 and a beta of 0.59. SpartanNash has a 52 week low of $20.51 and a 52 week high of $32.36. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.75 and a current ratio of 1.59.

SpartanNash (NASDAQ:SPTNGet Free Report) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.06). The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.31 billion. SpartanNash had a return on equity of 9.66% and a net margin of 0.43%. As a group, analysts anticipate that SpartanNash will post 2.21 earnings per share for the current year.

SpartanNash Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were given a $0.215 dividend. The ex-dividend date was Thursday, December 7th. This represents a $0.86 annualized dividend and a yield of 3.78%. SpartanNash’s dividend payout ratio is currently 70.49%.

SpartanNash Company Profile

(Free Report)

SpartanNash Company distributes and retails grocery products. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, such as 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 pharmacy products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.

See Also

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Institutional Ownership by Quarter for SpartanNash (NASDAQ:SPTN)

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