Wellington Management Group LLP Has $1.23 Million Position in SpartanNash Company (NASDAQ:SPTN)
Wellington Management Group LLP raised its stake in shares of SpartanNash Company (NASDAQ:SPTN) by 34.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,214 shares of the company’s stock after buying an additional 9,111 shares during the period. Wellington Management Group LLP’s holdings in SpartanNash were worth $1,232,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wedge Capital Management L L P NC boosted its stake in shares of SpartanNash by 16.6% in the first quarter. Wedge Capital Management L L P NC now owns 408,727 shares of the company’s stock valued at $14,301,000 after buying an additional 58,281 shares in the last quarter. Alpha Windward LLC boosted its stake in shares of SpartanNash by 0.5% in the first quarter. Alpha Windward LLC now owns 12,420 shares of the company’s stock valued at $435,000 after buying an additional 60 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of SpartanNash by 5.0% in the first quarter. Bank of New York Mellon Corp now owns 582,553 shares of the company’s stock valued at $20,384,000 after buying an additional 27,757 shares in the last quarter. Bowling Portfolio Management LLC boosted its stake in shares of SpartanNash by 28.7% in the first quarter. Bowling Portfolio Management LLC now owns 18,945 shares of the company’s stock valued at $663,000 after buying an additional 4,226 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of SpartanNash by 10.0% in the fourth quarter. State Street Corp now owns 928,336 shares of the company’s stock valued at $36,710,000 after buying an additional 84,421 shares in the last quarter. Institutional investors own 88.18% of the company’s stock.
Shares of SpartanNash Company (NASDAQ SPTN) opened at 27.02 on Friday. The company’s 50-day moving average is $27.54 and its 200-day moving average is $33.97. SpartanNash Company has a 12 month low of $24.81 and a 12 month high of $40.38. The stock has a market capitalization of $1.02 billion, a PE ratio of 16.42 and a beta of 0.99.
SpartanNash (NASDAQ:SPTN) last released its earnings results on Wednesday, May 24th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. SpartanNash had a net margin of 0.79% and a return on equity of 10.03%. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts expect that SpartanNash Company will post $2.30 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were issued a dividend of $0.165 per share. The ex-dividend date was Wednesday, June 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.44%. SpartanNash’s dividend payout ratio is currently 40.00%.
WARNING: This piece was originally reported by Daily Political and is owned by of Daily Political. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/07/21/wellington-management-group-llp-has-1-23-million-position-in-spartannash-company-nasdaqsptn.html.
SPTN has been the subject of several research reports. Pivotal Research cut shares of SpartanNash from a “hold” rating to a “sell” rating and lowered their price objective for the company from $35.00 to $20.00 in a research note on Monday, June 26th. Zacks Investment Research raised shares of SpartanNash from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. Jefferies Group LLC reissued a “hold” rating and set a $30.00 price objective (down from $35.00) on shares of SpartanNash in a research note on Friday, June 23rd. ValuEngine cut shares of SpartanNash from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub cut shares of SpartanNash from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $29.40.
In other news, Director M Shan Atkins sold 2,000 shares of the firm’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $27.69, for a total transaction of $55,380.00. Following the transaction, the director now owns 32,425 shares in the company, valued at approximately $897,848.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dennis Eidson sold 6,141 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $36.85, for a total transaction of $226,295.85. Following the transaction, the chief executive officer now owns 258,610 shares in the company, valued at approximately $9,529,778.50. The disclosure for this sale can be found here. Insiders have sold a total of 12,452 shares of company stock worth $426,213 in the last 90 days. 3.00% of the stock is owned by insiders.
SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries.
Want to see what other hedge funds are holding SPTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SpartanNash Company (NASDAQ:SPTN).
Receive News & Ratings for SpartanNash Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SpartanNash Company and related companies with MarketBeat.com's FREE daily email newsletter.