Blue Trust Inc. Has $58,000 Stock Position in SpartanNash Company $SPTN

Blue Trust Inc. reduced its position in shares of SpartanNash Company (NASDAQ:SPTN) by 37.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,178 shares of the company’s stock after selling 1,327 shares during the quarter. Blue Trust Inc.’s holdings in SpartanNash were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System bought a new stake in SpartanNash during the 2nd quarter worth about $261,000. KLP Kapitalforvaltning AS raised its holdings in SpartanNash by 226.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 23,500 shares of the company’s stock worth $623,000 after purchasing an additional 16,300 shares during the last quarter. Appleton Partners Inc. MA bought a new stake in SpartanNash during the 2nd quarter worth about $212,000. Truist Financial Corp raised its holdings in SpartanNash by 13.3% during the 2nd quarter. Truist Financial Corp now owns 75,587 shares of the company’s stock worth $2,002,000 after purchasing an additional 8,870 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its stake in shares of SpartanNash by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 43,495 shares of the company’s stock valued at $1,152,000 after acquiring an additional 688 shares during the last quarter. 84.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Zacks Research raised SpartanNash from a “strong sell” rating to a “hold” rating in a research note on Monday, August 18th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $26.90 price target (up from $20.00) on shares of SpartanNash in a research note on Tuesday, June 24th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.45.

SpartanNash Stock Performance

NASDAQ:SPTN opened at $26.90 on Friday. SpartanNash Company has a twelve month low of $17.30 and a twelve month high of $27.07. The company has a quick ratio of 0.80, a current ratio of 1.57 and a debt-to-equity ratio of 0.96. The business has a 50 day moving average price of $26.75 and a two-hundred day moving average price of $23.62. The company has a market cap of $910.78 million, a P/E ratio of -56.04 and a beta of 0.50.

SpartanNash (NASDAQ:SPTN) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.50 by $0.04. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.29 billion. SpartanNash had a positive return on equity of 8.19% and a negative net margin of 0.16%.The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS. As a group, analysts expect that SpartanNash Company will post 1.79 EPS for the current fiscal year.

SpartanNash Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, September 15th. SpartanNash’s dividend payout ratio is presently -183.33%.

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.