2 weeks Ago By ABMN Staff
StockNews.com upgraded shares of SpartanNash ( NASDAQ:SPTN – Free Report ) from a hold rating to a buy rating in a research note issued to investors on Thursday. Separately, Northcoast Research cut shares of SpartanNash from a “buy” rating to a “neutral” rating and set a $10.
00 target price for the company. in a report on Wednesday, February 19th. View Our Latest Stock Analysis on SPTN SpartanNash Stock Down 0.
0 % SpartanNash ( NASDAQ:SPTN – Get Free Report ) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.
33 by $0.09. During the same quarter in the prior year, the firm earned $0.
35 earnings per share. On average, equities analysts predict that SpartanNash will post 1.79 EPS for the current fiscal year.
SpartanNash Increases Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were paid a $0.22 dividend.
The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.88 dividend on an annualized basis and a yield of 4.
28%. This is a boost from SpartanNash’s previous quarterly dividend of $0.22.
SpartanNash’s dividend payout ratio (DPR) is currently -8,800.00%. Institutional Inflows and Outflows Several hedge funds and other institutional investors have recently made changes to their positions in the company.
Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of SpartanNash in the 4th quarter valued at approximately $1,910,000. Mackenzie Financial Corp raised its stake in SpartanNash by 151.1% during the 4th quarter.
Mackenzie Financial Corp now owns 35,518 shares of the company’s stock valued at $651,000 after purchasing an additional 21,371 shares during the period. US Asset Management LLC purchased a new stake in shares of SpartanNash in the fourth quarter valued at $190,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of SpartanNash by 40.
1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 77,650 shares of the company’s stock worth $1,423,000 after buying an additional 22,223 shares during the period. Finally, Sovereign s Capital Management LLC acquired a new position in SpartanNash during the fourth quarter valued at $461,000.
84.59% of the stock is currently owned by institutional investors and hedge funds. SpartanNash Company Profile ( Get 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. Further Reading Receive News & Ratings for SpartanNash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SpartanNash and related companies with MarketBeat.
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