M Shan Atkins Sells 1,015 Shares of SpartanNash Co (SPTN) Stock

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.

Insider Buying and Selling by Quarter for SpartanNash (NASDAQ:SPTN)

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%.

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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.

5 Day Chart for NASDAQ:SPTN

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