Phocas Financial Corp. Has $602,000 Stock Position in SpartanNash (NASDAQ:SPTN)

Phocas Financial Corp. lessened its stake in SpartanNash (NASDAQ:SPTN) by 85.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,877 shares of the company’s stock after selling 186,550 shares during the quarter. Phocas Financial Corp.’s holdings in SpartanNash were worth $602,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its holdings in SpartanNash by 3,585.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company’s stock worth $32,000 after purchasing an additional 1,685 shares in the last quarter. Signaturefd LLC lifted its stake in SpartanNash by 64.9% in the 3rd quarter. Signaturefd LLC now owns 1,801 shares of the company’s stock valued at $40,000 after acquiring an additional 709 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of SpartanNash by 90.3% during the 4th quarter. GAMMA Investing LLC now owns 7,461 shares of the company’s stock worth $137,000 after acquiring an additional 3,541 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of SpartanNash in the third quarter valued at approximately $211,000. Finally, Verition Fund Management LLC bought a new stake in shares of SpartanNash in the third quarter worth $244,000. Institutional investors own 84.59% of the company’s stock.

Analyst Ratings Changes

SPTN has been the subject of several analyst reports. StockNews.com cut SpartanNash from a “buy” rating to a “hold” rating in a report on Thursday, January 30th. Northcoast Research lowered SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research report on Wednesday, February 19th.

SpartanNash Trading Up 2.6 %

SpartanNash stock opened at $20.22 on Wednesday. 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 50-day simple moving average of $18.64 and a 200 day simple moving average of $19.98. The stock has a market capitalization of $682.53 million, a P/E ratio of -2,022.00 and a beta of 0.34. SpartanNash has a 52 week low of $17.30 and a 52 week high of $23.00.

SpartanNash (NASDAQ:SPTN) last issued its 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 period in the prior year, the company earned $0.35 EPS. Analysts expect that SpartanNash will post 1.79 earnings per share for the current year.

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.