Mitsubishi UFJ Trust & Banking Corp Has $2.51 Million Stake in SpartanNash (NASDAQ:SPTN)

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of SpartanNash (NASDAQ:SPTN) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,740 shares of the company’s stock after purchasing an additional 17,398 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in SpartanNash were worth $2,505,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its position in SpartanNash by 28.3% during the 4th quarter. Teacher Retirement System of Texas now owns 273,634 shares of the company’s stock worth $5,013,000 after buying an additional 60,401 shares during the period. Barclays PLC raised its stake in SpartanNash by 120.0% in the 3rd quarter. Barclays PLC now owns 86,412 shares of the company’s stock worth $1,936,000 after purchasing an additional 47,141 shares in the last quarter. Dana Investment Advisors Inc. boosted its holdings in SpartanNash by 16.7% in the 4th quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company’s stock valued at $6,280,000 after purchasing an additional 48,987 shares during the period. Ieq Capital LLC acquired a new position in shares of SpartanNash during the 4th quarter worth approximately $231,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of SpartanNash during the fourth quarter worth approximately $948,000. 84.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SPTN has been the subject of several recent research reports. Northcoast Research cut SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price target for the company. in a research note on Wednesday, February 19th. StockNews.com lowered SpartanNash from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th.

SpartanNash Stock Performance

NASDAQ SPTN opened at $20.26 on Tuesday. The firm’s 50 day simple moving average is $19.48 and its 200 day simple moving average is $19.76. The firm has a market capitalization of $684.08 million, a price-to-earnings ratio of -2,026.00 and a beta of 0.34. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00. SpartanNash has a 1 year low of $17.30 and a 1 year high of $23.00.

SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.09. During the same period in the prior year, the business posted $0.35 earnings per share. As a group, research analysts expect that SpartanNash will post 1.79 earnings per share for the current fiscal year.

SpartanNash Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be paid a dividend of $0.22 per share. This is an increase from SpartanNash’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 21st. This represents a $0.88 annualized dividend and a yield of 4.34%. SpartanNash’s payout ratio is presently -8,800.00%.

About SpartanNash

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.