SpartanNash (NASDAQ:SPTN) Stock Position Reduced by Point72 DIFC Ltd

Point72 DIFC Ltd decreased its stake in SpartanNash (NASDAQ:SPTN) by 83.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,430 shares of the company’s stock after selling 7,439 shares during the quarter. Point72 DIFC Ltd’s holdings in SpartanNash were worth $27,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SPTN. Parallel Advisors LLC increased its stake in shares of SpartanNash by 58.3% in the fourth quarter. Parallel Advisors LLC now owns 1,255 shares of the company’s stock worth $29,000 after acquiring an additional 462 shares during the last quarter. SummerHaven Investment Management LLC increased its position in SpartanNash by 2.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 34,421 shares of the company’s stock worth $646,000 after purchasing an additional 752 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in shares of SpartanNash by 5.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 20,671 shares of the company’s stock worth $418,000 after purchasing an additional 1,007 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of SpartanNash by 6.1% during the 2nd quarter. Inspire Investing LLC now owns 18,792 shares of the company’s stock valued at $353,000 after buying an additional 1,082 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of SpartanNash by 3.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 33,323 shares of the company’s stock valued at $673,000 after buying an additional 1,241 shares in the last quarter. Institutional investors and hedge funds own 84.59% of the company’s stock.

SpartanNash Trading Down 3.6 %

Shares of NASDAQ:SPTN opened at $21.21 on Friday. The company has a current ratio of 1.62, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $715.63 million, a PE ratio of 13.68 and a beta of 0.39. SpartanNash has a 1 year low of $17.74 and a 1 year high of $24.51. The firm has a fifty day moving average price of $21.29 and a 200 day moving average price of $20.10.

SpartanNash (NASDAQ:SPTN) last released its quarterly earnings results on Thursday, August 15th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.03. SpartanNash had a return on equity of 8.87% and a net margin of 0.48%. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the company posted $0.65 EPS. The firm’s revenue was down 3.5% on a year-over-year basis. Analysts expect that SpartanNash will post 1.98 EPS for the current fiscal year.

SpartanNash Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 23rd will be paid a $0.218 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date is Monday, September 23rd. SpartanNash’s payout ratio is 56.13%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of SpartanNash from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th.

SpartanNash Company 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.