State Street Corp Sells 52,316 Shares of SpartanNash (NASDAQ:SPTN)

State Street Corp reduced its stake in shares of SpartanNash (NASDAQ:SPTN) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,333,355 shares of the company’s stock after selling 52,316 shares during the period. State Street Corp’s holdings in SpartanNash were worth $30,175,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. American Century Companies Inc. raised its holdings in shares of SpartanNash by 20.0% during the second quarter. American Century Companies Inc. now owns 744,282 shares of the company’s stock worth $13,963,000 after acquiring an additional 123,952 shares during the period. Dana Investment Advisors Inc. raised its stake in shares of SpartanNash by 14.5% in the 2nd quarter. Dana Investment Advisors Inc. now owns 328,357 shares of the company’s stock valued at $6,160,000 after purchasing an additional 41,619 shares during the period. AQR Capital Management LLC lifted its holdings in shares of SpartanNash by 17.8% in the second quarter. AQR Capital Management LLC now owns 197,551 shares of the company’s stock valued at $3,706,000 after purchasing an additional 29,849 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of SpartanNash in the third quarter valued at about $244,000. Finally, Marshall Wace LLP acquired a new position in shares of SpartanNash during the second quarter worth about $638,000. Institutional investors own 84.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered SpartanNash from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.

SpartanNash Stock Performance

Shares of SPTN opened at $19.40 on Friday. The stock has a market capitalization of $654.85 million, a price-to-earnings ratio of 14.59 and a beta of 0.35. SpartanNash has a 12 month low of $17.74 and a 12 month high of $24.51. The firm has a fifty day simple moving average of $19.90 and a 200 day simple moving average of $20.20. The company has a current ratio of 1.62, a quick ratio of 0.83 and a debt-to-equity ratio of 0.80.

SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.24 billion. SpartanNash had a net margin of 0.48% and a return on equity of 8.57%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. Research analysts forecast that SpartanNash will post 1.88 EPS for the current fiscal year.

SpartanNash Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a $0.2175 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.87 dividend on an annualized basis and a yield of 4.48%. SpartanNash’s dividend payout ratio is 65.41%.

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.