SpartanNash (NASDAQ:SPTN) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of SpartanNash (NASDAQ:SPTN) by 115.6% in the fourth quarter, Holdings Channel reports. The firm owned 220,964 shares of the company’s stock after buying an additional 118,478 shares during the period. JPMorgan Chase & Co.’s holdings in SpartanNash were worth $4,048,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC lifted its position in shares of SpartanNash by 3,585.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company’s stock worth $32,000 after purchasing an additional 1,685 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in SpartanNash during the 4th quarter worth approximately $132,000. GAMMA Investing LLC lifted its holdings in SpartanNash by 90.3% during 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 in the last quarter. Franklin Resources Inc. purchased a new position in SpartanNash in the 3rd quarter valued at approximately $211,000. Finally, Ieq Capital LLC acquired a new position in shares of SpartanNash in the fourth quarter worth $231,000. 84.59% of the stock is currently owned by hedge funds and other institutional investors.

SpartanNash Trading Up 1.4 %

Shares of NASDAQ:SPTN opened at $19.79 on Monday. SpartanNash has a 52 week low of $17.30 and a 52 week high of $23.00. The company’s 50 day moving average is $19.89 and its two-hundred day moving average is $19.51. The company has a market cap of $669.81 million, a PE ratio of -1,979.00 and a beta of 0.53. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00.

SpartanNash (NASDAQ:SPTN) last issued its earnings results on Wednesday, February 12th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. During the same quarter last year, the company posted $0.35 EPS. Equities analysts predict that SpartanNash will post 1.79 earnings per share for the current fiscal year.

SpartanNash Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.45%. The ex-dividend date was Friday, March 21st. This is a positive change from SpartanNash’s previous quarterly dividend of $0.22. SpartanNash’s dividend payout ratio (DPR) is -8,800.00%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SPTN shares. StockNews.com upgraded SpartanNash from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. Northcoast Research cut 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.

SpartanNash 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.