Empowered Funds LLC Has $3.27 Million Stock Holdings in SpartanNash (NASDAQ:SPTN)

Empowered Funds LLC grew its holdings in SpartanNash (NASDAQ:SPTN) by 5.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 178,347 shares of the company’s stock after buying an additional 8,652 shares during the quarter. Empowered Funds LLC’s holdings in SpartanNash were worth $3,267,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPTN. Segall Bryant & Hamill LLC acquired a new stake in shares of SpartanNash in the third quarter valued at $1,802,000. Dean Investment Associates LLC increased its stake in shares of SpartanNash by 54.2% in the third quarter. Dean Investment Associates LLC now owns 188,335 shares of the company’s stock valued at $4,221,000 after buying an additional 66,178 shares in the last quarter. Barclays PLC increased its stake in shares of SpartanNash by 120.0% in the third quarter. Barclays PLC now owns 86,412 shares of the company’s stock valued at $1,936,000 after buying an additional 47,141 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of SpartanNash by 71.5% in the third quarter. JPMorgan Chase & Co. now owns 102,486 shares of the company’s stock valued at $2,297,000 after buying an additional 42,719 shares in the last quarter. Finally, Foundry Partners LLC increased its stake in shares of SpartanNash by 16.5% in the third quarter. Foundry Partners LLC now owns 186,680 shares of the company’s stock valued at $4,183,000 after buying an additional 26,375 shares in the last quarter. 84.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered SpartanNash from a “buy” rating to a “hold” rating in a research note on Thursday, January 30th.

SpartanNash Price Performance

Shares of SPTN stock opened at $20.97 on Thursday. The stock has a 50-day moving average price of $18.51 and a 200 day moving average price of $20.00. The company has a quick ratio of 0.83, a current ratio of 1.62 and a debt-to-equity ratio of 0.80. The firm has a market cap of $707.95 million, a price-to-earnings ratio of 15.77 and a beta of 0.34. SpartanNash has a 12 month low of $17.30 and a 12 month high of $23.00.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. SpartanNash had a return on equity of 8.57% and a net margin of 0.48%. During the same period last year, the business earned $0.35 earnings per share. Research analysts expect that SpartanNash will post 1.88 EPS for the current year.

SpartanNash Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were given a $0.2175 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.87 dividend on an annualized basis and a yield of 4.15%. SpartanNash’s payout ratio is 65.41%.

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.