SpartanNash Co (NASDAQ:SPTN) Director M Shan Atkins sold 1,015 shares of SpartanNash stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $33.23, for a total transaction of $33,728.45. Following the sale, the director now directly owns 37,440 shares of the company’s stock, valued at approximately $1,244,131.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of SpartanNash Co (NASDAQ:SPTN) traded down 0.18% during trading on Monday, hitting $33.70. 14,064 shares of the stock traded hands. SpartanNash Co has a 1-year low of $25.29 and a 1-year high of $40.38. The firm has a 50-day moving average of $35.47 and a 200-day moving average of $34.36. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 22.26 and a beta of 1.04.
SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings results on Wednesday, February 22nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.05. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.84 billion. SpartanNash had a net margin of 0.79% and a return on equity of 10.21%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. On average, equities analysts forecast that SpartanNash Co will post $2.32 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Monday, March 20th will be given a dividend of $0.165 per share. This is a positive change from SpartanNash’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, March 16th. This represents a $0.66 annualized dividend and a dividend yield of 1.95%. SpartanNash’s dividend payout ratio (DPR) is currently 37.27%.
COPYRIGHT VIOLATION WARNING: This article was first published by Mideast Time and is owned by of Mideast Time. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://www.mideasttime.com/m-shan-atkins-sells-1015-shares-of-spartannash-co-sptn-stock/1589273.html.
SPTN has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Thursday, February 23rd. Pivotal Research lifted their target price on shares of SpartanNash from $30.00 to $40.00 and gave the stock a “hold” rating in a report on Tuesday, January 17th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. SpartanNash has an average rating of “Hold” and a consensus price target of $33.40.
Hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System raised its stake in SpartanNash by 0.9% in the third quarter. California Public Employees Retirement System now owns 68,660 shares of the company’s stock valued at $1,986,000 after buying an additional 600 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of SpartanNash by 4.6% in the third quarter. Great West Life Assurance Co. Can now owns 49,536 shares of the company’s stock valued at $1,431,000 after buying an additional 2,156 shares during the last quarter. Chicago Equity Partners LLC increased its position in shares of SpartanNash by 123.7% in the third quarter. Chicago Equity Partners LLC now owns 92,970 shares of the company’s stock valued at $2,689,000 after buying an additional 51,410 shares during the last quarter. Alambic Investment Management L.P. increased its position in shares of SpartanNash by 45.6% in the third quarter. Alambic Investment Management L.P. now owns 62,103 shares of the company’s stock valued at $1,796,000 after buying an additional 19,453 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of SpartanNash by 24.5% in the third quarter. Wells Fargo & Company MN now owns 65,064 shares of the company’s stock valued at $1,882,000 after buying an additional 12,824 shares during the last quarter. Institutional investors and hedge funds own 85.76% of the company’s stock.
SpartanNash Company Profile
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.
Receive News & Ratings for SpartanNash Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SpartanNash Co and related companies with MarketBeat.com's FREE daily email newsletter.