Pacer Advisors Inc. Purchases New Shares in SpartanNash Co (NASDAQ:SPTN)

Pacer Advisors Inc. purchased a new stake in shares of SpartanNash Co (NASDAQ:SPTN) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 35,353 shares of the company’s stock, valued at approximately $418,000. Pacer Advisors Inc. owned approximately 0.10% of SpartanNash as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in SPTN. Investors Research Corp raised its stake in shares of SpartanNash by 64.8% in the second quarter. Investors Research Corp now owns 51,255 shares of the company’s stock valued at $598,000 after acquiring an additional 20,150 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of SpartanNash by 4.7% in the second quarter. Crossmark Global Holdings Inc. now owns 23,284 shares of the company’s stock valued at $272,000 after acquiring an additional 1,046 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of SpartanNash by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 17,470 shares of the company’s stock valued at $204,000 after acquiring an additional 4,200 shares during the period. Foundry Partners LLC raised its stake in shares of SpartanNash by 3.7% in the second quarter. Foundry Partners LLC now owns 268,100 shares of the company’s stock valued at $3,129,000 after acquiring an additional 9,675 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of SpartanNash by 19.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 370,708 shares of the company’s stock valued at $4,326,000 after acquiring an additional 59,504 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets downgraded shares of SpartanNash from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $13.00 to $8.00 in a research note on Friday, August 2nd. BidaskClub raised shares of SpartanNash from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 10th. TheStreet downgraded shares of SpartanNash from a “c” rating to a “d+” rating in a research note on Wednesday, August 14th. Barclays reduced their target price on shares of SpartanNash from $13.00 to $8.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 13th. Finally, Loop Capital assumed coverage on shares of SpartanNash in a research note on Tuesday, June 25th. They issued a “buy” rating and a $15.00 target price on the stock. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.00.

SPTN stock opened at $13.04 on Tuesday. The company has a market capitalization of $445.82 million, a PE ratio of 6.97, a P/E/G ratio of 1.36 and a beta of 1.39. SpartanNash Co has a 12 month low of $8.82 and a 12 month high of $23.00. The firm’s 50-day moving average is $11.80 and its 200 day moving average is $12.61. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.76 and a quick ratio of 0.75.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.34 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. SpartanNash had a net margin of 0.05% and a return on equity of 7.07%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.56 EPS. Sell-side analysts forecast that SpartanNash Co will post 1.29 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 5.83%. The ex-dividend date was Friday, September 13th. SpartanNash’s dividend payout ratio is presently 40.64%.

About SpartanNash

SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 60,000 stock-keeping units, such as 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 pharmacy products to independent retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores.

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Institutional Ownership by Quarter for SpartanNash (NASDAQ:SPTN)

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