1 week Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new position in SpartanNash ( NASDAQ:SPTN – Free Report ) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,200 shares of the company’s stock, valued at approximately $132,000. Other hedge funds and other institutional investors have also added to or reduced their stakes in the company.
Verition Fund Management LLC acquired a new position in shares of SpartanNash during the third quarter valued at $244,000. Stifel Financial Corp grew its position in SpartanNash by 14.7% in the 3rd quarter.
Stifel Financial Corp now owns 47,240 shares of the company’s stock worth $1,059,000 after purchasing an additional 6,058 shares during the last quarter. Barclays PLC increased its stake in shares of SpartanNash by 120.0% in the third quarter.
Barclays PLC now owns 86,412 shares of the company’s stock valued at $1,936,000 after purchasing an additional 47,141 shares during the period. Franklin Resources Inc. bought a new stake in shares of SpartanNash during the third quarter valued at approximately $211,000.
Finally, JPMorgan Chase & Co. boosted its position in shares of SpartanNash by 71.5% during the third quarter.
JPMorgan Chase & Co. now owns 102,486 shares of the company’s stock worth $2,297,000 after buying an additional 42,719 shares during the period. Institutional investors and hedge funds own 84.
59% of the company’s stock. Analysts Set New Price Targets Several analysts recently commented on SPTN shares. StockNews.
com upgraded SpartanNash from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Northcoast Research lowered SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock.
in a report on Wednesday, February 19th. SpartanNash Stock Up 1.6 % Shares of SPTN stock opened at $19.
20 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.
78 and a current ratio of 1.57. The stock has a market cap of $649.
84 million, a PE ratio of -1,920.00 and a beta of 0.53.
The business’s fifty day moving average is $19.76 and its 200-day moving average is $19.65.
SpartanNash has a 1 year low of $17.30 and a 1 year high of $23.00.
SpartanNash ( NASDAQ:SPTN – Get Free Report ) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
33 by $0.09. During the same quarter last year, the company earned $0.
35 earnings per share. Equities analysts expect that SpartanNash will post 1.79 earnings per share for the current fiscal year.
SpartanNash Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were given a $0.22 dividend.
This is a positive change from SpartanNash’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 21st.
This represents a $0.88 annualized dividend and a yield of 4.58%.
SpartanNash’s payout ratio is -8,800.00%. About SpartanNash ( Free Report ) 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. Featured Stories Five stocks we like better than SpartanNash Technology Stocks Explained: Here’s What to Know About Tech Quantum Computing: The $6.
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