SpartanNash Co (NASDAQ:SPTN) insider David M. Staples sold 2,018 shares of the stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $34.96, for a total value of $70,549.28. Following the completion of the sale, the insider now directly owns 97,349 shares in the company, valued at approximately $3,403,321.04. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of SpartanNash Co (NASDAQ:SPTN) traded up 1.272% during midday trading on Thursday, hitting $35.435. The stock had a trading volume of 48,307 shares. The stock has a 50 day moving average of $33.82 and a 200-day moving average of $35.06. SpartanNash Co has a one year low of $25.29 and a one year high of $40.38. The company has a market cap of $1.33 billion, a P/E ratio of 23.405 and a beta of 1.04.
SpartanNash (NASDAQ:SPTN) last posted its earnings results on Wednesday, February 22nd. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.05. The company earned $1.83 billion during the quarter, compared to analyst estimates of $1.84 billion. SpartanNash had a return on equity of 10.21% and a net margin of 0.79%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 earnings per share. Analysts forecast that SpartanNash Co will post $2.32 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Monday, March 20th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.89%. This is a positive change from SpartanNash’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, March 16th. SpartanNash’s dividend payout ratio is 37.27%.
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Institutional investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC raised its position in shares of SpartanNash by 17.6% in the third quarter. TIAA CREF Investment Management LLC now owns 176,777 shares of the company’s stock worth $5,112,000 after buying an additional 26,507 shares during the period. Teachers Advisors LLC raised its position in shares of SpartanNash by 23.6% in the third quarter. Teachers Advisors LLC now owns 78,637 shares of the company’s stock worth $2,274,000 after buying an additional 15,034 shares during the period. BlackRock Fund Advisors raised its position in shares of 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. BlackRock Inc. raised its position in shares of SpartanNash by 18.7% in the third quarter. BlackRock Inc. now owns 19,589 shares of the company’s stock worth $566,000 after buying an additional 3,088 shares during the period. Finally, BlackRock Advisors LLC raised its position in shares of SpartanNash by 140.4% in the third quarter. BlackRock Advisors LLC now owns 44,084 shares of the company’s stock worth $1,275,000 after buying an additional 25,747 shares during the period. 85.76% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on SPTN. Zacks Investment Research raised SpartanNash from a “sell” rating to a “hold” rating in a research report on Thursday, April 6th. Pivotal Research raised their target price on SpartanNash from $30.00 to $40.00 and gave the stock a “hold” rating in a research report on Tuesday, January 17th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $33.40.
SpartanNash Company Profile
SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries.
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