Foundry Partners LLC Increases Stake in SpartanNash (NASDAQ:SPTN)

Foundry Partners LLC increased its position in shares of SpartanNash (NASDAQ:SPTN) by 16.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 186,680 shares of the company’s stock after buying an additional 26,375 shares during the period. Foundry Partners LLC owned about 0.55% of SpartanNash worth $4,183,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its position in SpartanNash by 6.6% during the first quarter. Russell Investments Group Ltd. now owns 41,703 shares of the company’s stock valued at $843,000 after purchasing an additional 2,568 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in SpartanNash by 52.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 15,173 shares of the company’s stock worth $307,000 after acquiring an additional 5,215 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in SpartanNash by 15.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,406 shares of the company’s stock worth $584,000 after acquiring an additional 3,897 shares in the last quarter. Vanguard Group Inc. boosted its holdings in SpartanNash by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,123,088 shares of the company’s stock worth $63,118,000 after acquiring an additional 20,262 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in SpartanNash by 9.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 34,123 shares of the company’s stock worth $690,000 after acquiring an additional 2,891 shares in the last quarter. Hedge funds and other institutional investors own 84.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded SpartanNash from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

SpartanNash Price Performance

SPTN stock opened at $18.58 on Friday. The company has a current ratio of 1.62, a quick ratio of 0.83 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $627.26 million, a PE ratio of 13.97 and a beta of 0.39. SpartanNash has a 12-month low of $17.74 and a 12-month high of $24.51. The business’s fifty day moving average price is $21.02 and its 200 day moving average price is $20.37.

SpartanNash (NASDAQ:SPTN) last announced its earnings results on Thursday, November 7th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.24 billion. SpartanNash had a return on equity of 8.57% and a net margin of 0.48%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. On average, sell-side analysts anticipate that SpartanNash will post 1.88 EPS for the current year.

SpartanNash Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.218 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend was Monday, September 23rd. SpartanNash’s dividend payout ratio is presently 65.41%.

SpartanNash Company Profile

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.