California State Teachers Retirement System Sells 2,505 Shares of SpartanNash (NASDAQ:SPTN)

California State Teachers Retirement System reduced its stake in SpartanNash (NASDAQ:SPTN) by 7.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 31,564 shares of the company’s stock after selling 2,505 shares during the period. California State Teachers Retirement System’s holdings in SpartanNash were worth $578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in SPTN. Barclays PLC boosted its holdings in shares of SpartanNash by 120.0% in the third quarter. Barclays PLC now owns 86,412 shares of the company’s stock worth $1,936,000 after acquiring an additional 47,141 shares during the period. Yousif Capital Management LLC boosted its stake in SpartanNash by 5.9% during the fourth quarter. Yousif Capital Management LLC now owns 13,696 shares of the company’s stock valued at $251,000 after buying an additional 768 shares during the period. Empowered Funds LLC boosted its stake in SpartanNash by 5.1% during the fourth quarter. Empowered Funds LLC now owns 178,347 shares of the company’s stock valued at $3,267,000 after buying an additional 8,652 shares during the period. Principal Financial Group Inc. boosted its stake in SpartanNash by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 163,673 shares of the company’s stock valued at $2,998,000 after buying an additional 4,596 shares during the period. Finally, Ieq Capital LLC bought a new stake in SpartanNash during the fourth quarter valued at $231,000. 84.59% of the stock is owned by institutional investors.

SpartanNash Price Performance

NASDAQ:SPTN opened at $18.09 on Thursday. The firm has a market capitalization of $612.35 million, a price-to-earnings ratio of -1,809.00 and a beta of 0.34. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00. The stock has a fifty day moving average of $19.42 and a 200 day moving average of $19.24. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57.

SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. On average, research analysts expect that SpartanNash will post 1.79 EPS for the current fiscal year.

SpartanNash Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend is Friday, June 13th. SpartanNash’s dividend payout ratio (DPR) is currently -275.00%.

Analysts Set New Price Targets

Several research firms recently issued reports on SPTN. Northcoast Research lowered SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research note on Wednesday, February 19th. Wall Street Zen lowered SpartanNash from a “buy” rating to a “hold” rating in a research note on Friday, May 30th.

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.