GAMMA Investing LLC Grows Stock Holdings in SpartanNash (NASDAQ:SPTN)

GAMMA Investing LLC increased its holdings in shares of SpartanNash (NASDAQ:SPTN) by 2,098.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,045 shares of the company’s stock after purchasing an additional 156,584 shares during the period. GAMMA Investing LLC’s holdings in SpartanNash were worth $3,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC grew its position in SpartanNash by 120.0% during the 3rd quarter. Barclays PLC now owns 86,412 shares of the company’s stock worth $1,936,000 after purchasing an additional 47,141 shares during the period. Yousif Capital Management LLC boosted its stake in shares of SpartanNash by 5.9% in the fourth quarter. Yousif Capital Management LLC now owns 13,696 shares of the company’s stock worth $251,000 after buying an additional 768 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of SpartanNash by 5.1% in the fourth quarter. Empowered Funds LLC now owns 178,347 shares of the company’s stock worth $3,267,000 after buying an additional 8,652 shares during the last quarter. Principal Financial Group Inc. grew its holdings in SpartanNash by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 163,673 shares of the company’s stock worth $2,998,000 after acquiring an additional 4,596 shares during the period. Finally, Ieq Capital LLC purchased a new position in SpartanNash during the fourth quarter valued at approximately $231,000. 84.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SPTN shares. 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 report on Wednesday, February 19th. Wall Street Zen downgraded shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Friday, May 30th.

SpartanNash Trading Down 3.4%

SPTN stock opened at $18.09 on Thursday. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. The firm has a market cap of $612.35 million, a P/E ratio of -1,809.00 and a beta of 0.34. The company’s 50-day simple moving average is $19.42 and its 200-day simple moving average is $19.24.

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 analysts’ consensus estimates of $0.43 by ($0.08). The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts forecast that SpartanNash will post 1.79 EPS for the current fiscal year.

SpartanNash Announces Dividend

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

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.