Shares of Spartan Stores Inc. (NASDAQ:SPTN) fell 3.6% on Thursday . The stock traded as low as $30.57 and last traded at $30.79, with a volume of 72,114 shares trading hands. The stock had previously closed at $31.95.

Several research firms recently weighed in on SPTN. Jefferies Group reaffirmed a “hold” rating on shares of Spartan Stores in a research note on Sunday, May 29th. Pivotal Research lowered Spartan Stores from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research note on Friday, April 1st. Zacks Investment Research lowered Spartan Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Spartan Stores in a research note on Thursday, March 31st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Spartan Stores currently has a consensus rating of “Hold” and an average target price of $31.33.

The stock has a market cap of $1.16 billion and a PE ratio of 18.74. The company’s 50 day moving average price is $30.10 and its 200 day moving average price is $26.89.

Spartan Stores (NASDAQ:SPTN) last issued its quarterly earnings results on Wednesday, May 25th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.05. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the prior year, the company earned $0.44 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. On average, equities research analysts anticipate that Spartan Stores Inc. will post $2.14 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 16th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.94%.

In related news, EVP Derek R. Jones sold 4,435 shares of the business’s stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $29.73, for a total transaction of $131,852.55. Following the sale, the executive vice president now directly owns 73,967 shares in the company, valued at approximately $2,199,038.91. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David Des Couch sold 10,000 shares of the business’s stock in a transaction on Friday, July 8th. The shares were sold at an average price of $31.00, for a total value of $310,000.00. Following the sale, the vice president now owns 69,270 shares in the company, valued at $2,147,370. The disclosure for this sale can be found here.

Several hedge funds recently added to or reduced their stakes in the stock. New York State Common Retirement Fund raised its stake in Spartan Stores by 2.5% in the fourth quarter. New York State Common Retirement Fund now owns 120,603 shares of the company’s stock worth $2,610,000 after buying an additional 2,900 shares during the last quarter. Systematic Financial Management LP raised its stake in Spartan Stores by 7.6% in the fourth quarter. Systematic Financial Management LP now owns 81,735 shares of the company’s stock worth $1,768,000 after buying an additional 5,765 shares during the last quarter. First Trust Advisors LP raised its stake in Spartan Stores by 31.5% in the fourth quarter. First Trust Advisors LP now owns 79,855 shares of the company’s stock worth $1,728,000 after buying an additional 19,143 shares during the last quarter. California State Teachers Retirement System raised its stake in Spartan Stores by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 69,739 shares of the company’s stock worth $1,509,000 after buying an additional 1,247 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Spartan Stores by 6.2% in the fourth quarter. Rhumbline Advisers now owns 63,910 shares of the company’s stock worth $1,383,000 after buying an additional 3,755 shares during the last quarter.

Spartannash Company, formerly Spartan Stores, Inc, is a multi-regional grocery distributor and grocery retailer, and a distributor of grocery products to military commissaries in the United States. The Company’s core businesses include distributing food to military commissaries and exchanges, and independent and corporate-owned retail stores located in over 40 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain, Egypt, Honduras, Afghanistan and Bosnia.

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