Invesco Ltd. Buys 249,616 Shares of SpartanNash (NASDAQ:SPTN)

Invesco Ltd. increased its stake in SpartanNash (NASDAQ:SPTN) by 25.1% during the fourth quarter, Holdings Channel reports. The firm owned 1,243,507 shares of the company’s stock after acquiring an additional 249,616 shares during the period. Invesco Ltd.’s holdings in SpartanNash were worth $22,781,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Yousif Capital Management LLC increased its holdings in SpartanNash by 5.9% in the 4th quarter. Yousif Capital Management LLC now owns 13,696 shares of the company’s stock valued at $251,000 after buying an additional 768 shares during the period. MBM Wealth Consultants LLC boosted its position in shares of SpartanNash by 10.1% during the 4th quarter. MBM Wealth Consultants LLC now owns 13,083 shares of the company’s stock worth $238,000 after acquiring an additional 1,203 shares in the last quarter. Nisa Investment Advisors LLC raised its position in SpartanNash by 3,585.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company’s stock valued at $32,000 after purchasing an additional 1,685 shares in the last quarter. Burney Co. lifted its stake in SpartanNash by 4.2% during the fourth quarter. Burney Co. now owns 65,140 shares of the company’s stock worth $1,193,000 after purchasing an additional 2,599 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in shares of SpartanNash by 17.6% in the 4th quarter. Inspire Investing LLC now owns 21,567 shares of the company’s stock valued at $395,000 after purchasing an additional 3,227 shares in the last quarter. Institutional investors own 84.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on SPTN shares. Northcoast Research cut SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price target for the company. in a report on Wednesday, February 19th. StockNews.com raised SpartanNash from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd.

SpartanNash Stock Up 1.4 %

Shares of NASDAQ:SPTN opened at $19.79 on Friday. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00. The company has a market capitalization of $669.81 million, a PE ratio of -1,979.00 and a beta of 0.53. 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 company has a fifty day moving average of $19.89 and a 200-day moving average of $19.54.

SpartanNash (NASDAQ:SPTN) last posted its earnings results on Wednesday, February 12th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. During the same period in the prior year, the company 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.45%. This is a positive change from SpartanNash’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 21st. SpartanNash’s payout ratio is presently -8,800.00%.

SpartanNash 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.