SpartanNash Co (NASDAQ:SPTN) Director Timothy J. Odonovan sold 1,186 shares of the stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $33.25, for a total transaction of $39,434.50. Following the completion of the transaction, the director now owns 44,378 shares of the company’s stock, valued at approximately $1,475,568.50. The sale was disclosed in a filing with the SEC, which is accessible through this link.
SpartanNash Co (NASDAQ:SPTN) traded down 0.18% during midday trading on Monday, hitting $33.70. 14,064 shares of the stock traded hands. SpartanNash Co has a 12-month low of $25.29 and a 12-month high of $40.38. The firm’s 50 day moving average is $35.47 and its 200-day moving average is $34.36. The stock has a market capitalization of $1.26 billion, a PE ratio of 22.26 and a beta of 1.04.
SpartanNash (NASDAQ:SPTN) last released its quarterly earnings data on Wednesday, February 22nd. The company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.05. SpartanNash had a net margin of 0.79% and a return on equity of 10.21%. The firm earned $1.83 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the business posted $0.52 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts anticipate that SpartanNash Co will post $2.32 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Monday, March 20th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.95%. This is a boost from SpartanNash’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, March 16th. SpartanNash’s payout ratio is 37.27%.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Fund Advisors boosted its position in SpartanNash by 8.6% in the third quarter. BlackRock Fund Advisors now owns 2,634,607 shares of the company’s stock worth $76,193,000 after buying an additional 209,423 shares during the period. LSV Asset Management boosted its position in SpartanNash by 3.8% in the third quarter. LSV Asset Management now owns 1,625,984 shares of the company’s stock worth $47,023,000 after buying an additional 59,800 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in SpartanNash by 19.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,169,993 shares of the company’s stock worth $33,836,000 after buying an additional 188,973 shares during the period. JPMorgan Chase & Co. boosted its position in SpartanNash by 3.0% in the third quarter. JPMorgan Chase & Co. now owns 1,128,891 shares of the company’s stock worth $32,648,000 after buying an additional 33,032 shares during the period. Finally, State Street Corp boosted its position in SpartanNash by 10.0% in the fourth quarter. State Street Corp now owns 928,336 shares of the company’s stock worth $36,710,000 after buying an additional 84,421 shares during the period. 85.76% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on SPTN shares. Zacks Investment Research upgraded shares of SpartanNash from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Thursday, December 1st. Pivotal Research increased their price objective on shares of SpartanNash from $30.00 to $40.00 and gave the company a “hold” rating in a research note on Tuesday, January 17th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.40.
Spartannash Company, formerly Spartan Stores, Inc, is a multi-regional grocery distributor and grocery retailer, and a distributor of grocery products to military commissaries in the United States. The Company’s core businesses include distributing food to military commissaries and exchanges, and independent and corporate-owned retail stores located in over 40 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain, Egypt, Honduras, Afghanistan and Bosnia.
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