Universal Beteiligungs und Servicegesellschaft mbH Increases Stake in SpartanNash Company (NASDAQ:SPTN)

Universal Beteiligungs und Servicegesellschaft mbH raised its position in SpartanNash Company (NASDAQ:SPTN) by 0.6% during the first quarter, HoldingsChannel.com reports. The firm owned 104,853 shares of the company’s stock after buying an additional 600 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in SpartanNash were worth $2,124,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in SpartanNash during the 4th quarter worth $319,000. KLP Kapitalforvaltning AS acquired a new stake in shares of SpartanNash in the 4th quarter worth about $132,000. Vanguard Group Inc. boosted its stake in SpartanNash by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 3,250,372 shares of the company’s stock valued at $59,547,000 after purchasing an additional 57,458 shares during the period. JPMorgan Chase & Co. grew its holdings in SpartanNash by 115.6% in the 4th quarter. JPMorgan Chase & Co. now owns 220,964 shares of the company’s stock worth $4,048,000 after buying an additional 118,478 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of SpartanNash by 25.1% in the fourth quarter. Invesco Ltd. now owns 1,243,507 shares of the company’s stock worth $22,781,000 after purchasing an additional 249,616 shares in the last quarter. 84.59% of the stock is currently owned by hedge funds and other institutional investors.

SpartanNash Trading Down 0.3%

NASDAQ SPTN opened at $26.51 on Thursday. The company has a market capitalization of $897.36 million, a PE ratio of -82.84 and a beta of 0.44. SpartanNash Company has a 1-year low of $17.30 and a 1-year high of $26.69. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 1.03. The firm’s fifty day simple moving average is $23.07 and its 200-day simple moving average is $20.69.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). SpartanNash had a positive return on equity of 8.26% and a negative net margin of 0.11%. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period last year, the business earned $0.53 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, sell-side analysts anticipate that SpartanNash Company will post 1.79 earnings per share for the current fiscal year.

SpartanNash Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Friday, June 13th. SpartanNash’s payout ratio is presently -275.00%.

Wall Street Analyst Weigh In

SPTN has been the subject of several research analyst reports. Wall Street Zen lowered SpartanNash from a “buy” rating to a “hold” rating in a report on Friday, May 30th. BMO Capital Markets reiterated a “market perform” rating and set a $26.90 price target (up previously from $20.00) on shares of SpartanNash in a report on Tuesday, June 24th.

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.