Quantbot Technologies LP Invests $329,000 in SpartanNash Company (SPTN) Stock
Quantbot Technologies LP acquired a new stake in SpartanNash Company (NASDAQ:SPTN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,694 shares of the company’s stock, valued at approximately $329,000.
Other large investors have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new position in shares of SpartanNash during the 1st quarter worth approximately $112,000. Victory Capital Management Inc. boosted its stake in shares of SpartanNash by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,689 shares of the company’s stock worth $122,000 after buying an additional 704 shares during the last quarter. Sei Investments Co. purchased a new position in shares of SpartanNash in the 2nd quarter worth approximately $127,000. State of Alaska Department of Revenue boosted its stake in shares of SpartanNash by 80.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,468 shares of the company’s stock worth $193,000 after buying an additional 3,328 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of SpartanNash by 21.1% in the 1st quarter. US Bancorp DE now owns 5,540 shares of the company’s stock worth $194,000 after buying an additional 965 shares during the last quarter. Hedge funds and other institutional investors own 88.24% of the company’s stock.
Several research firms have recently issued reports on SPTN. Zacks Investment Research lowered SpartanNash from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Pivotal Research set a $20.00 price target on SpartanNash and gave the stock a “sell” rating in a report on Tuesday, August 15th. ValuEngine lowered SpartanNash from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Jefferies Group LLC set a $25.00 price target on SpartanNash and gave the stock a “hold” rating in a report on Monday, September 11th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $28.00 price objective (down previously from $36.00) on shares of SpartanNash in a research report on Friday, July 14th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $27.50.
SpartanNash Company (NASDAQ SPTN) opened at 26.35 on Tuesday. SpartanNash Company has a 1-year low of $22.90 and a 1-year high of $40.38. The firm has a 50-day moving average of $24.96 and a 200-day moving average of $29.66. The stock has a market capitalization of $982.06 million, a PE ratio of 15.12 and a beta of 1.07.
SpartanNash (NASDAQ:SPTN) last released its quarterly earnings data on Wednesday, August 16th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. SpartanNash had a return on equity of 10.00% and a net margin of 0.83%. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the firm posted $0.58 earnings per share. SpartanNash’s revenue was up 3.7% compared to the same quarter last year. Equities analysts expect that SpartanNash Company will post $2.23 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Thursday, September 14th. SpartanNash’s dividend payout ratio is currently 37.93%.
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.
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