SpartanNash (NASDAQ:SPTN) Shares Bought by American Century Companies Inc.

American Century Companies Inc. increased its stake in SpartanNash (NASDAQ:SPTN) by 14.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,042,192 shares of the company’s stock after buying an additional 129,907 shares during the period. American Century Companies Inc.’s holdings in SpartanNash were worth $19,093,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its holdings in shares of SpartanNash by 3,585.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company’s stock valued at $32,000 after purchasing an additional 1,685 shares during the last quarter. GAMMA Investing LLC raised its position in shares of SpartanNash by 90.3% in the 4th quarter. GAMMA Investing LLC now owns 7,461 shares of the company’s stock worth $137,000 after buying an additional 3,541 shares during the period. Franklin Resources Inc. acquired a new position in SpartanNash in the third quarter valued at $211,000. Ieq Capital LLC acquired a new position in SpartanNash in the fourth quarter valued at $231,000. Finally, MBM Wealth Consultants LLC grew its position in SpartanNash by 10.1% during the fourth quarter. MBM Wealth Consultants LLC now owns 13,083 shares of the company’s stock valued at $238,000 after acquiring an additional 1,203 shares during the period. 84.59% of the stock is currently owned by hedge funds and other institutional investors.

SpartanNash Trading Down 0.1 %

Shares of SPTN opened at $20.03 on Monday. SpartanNash has a 12 month low of $17.30 and a 12 month high of $23.00. The stock’s 50-day moving average is $19.43 and its two-hundred day moving average is $19.77. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.78. The stock has a market cap of $676.31 million, a PE ratio of -2,003.00 and a beta of 0.34.

SpartanNash (NASDAQ:SPTN) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.33 by $0.09. During the same period last year, the business earned $0.35 EPS. Equities analysts forecast that SpartanNash will post 1.79 earnings per share for the current fiscal year.

SpartanNash Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 21st will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.39%. This is a positive change from SpartanNash’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, March 21st. SpartanNash’s dividend payout ratio (DPR) is presently -8,800.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Northcoast Research lowered SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a research note on Wednesday, February 19th. StockNews.com cut shares of SpartanNash from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th.

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.