Nuveen Asset Management LLC Has $1.50 Million Stock Position in SpartanNash (NASDAQ:SPTN)

Nuveen Asset Management LLC lowered its holdings in shares of SpartanNash (NASDAQ:SPTN) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,123 shares of the company’s stock after selling 2,719 shares during the period. Nuveen Asset Management LLC’s holdings in SpartanNash were worth $1,504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in shares of SpartanNash by 167.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company’s stock valued at $109,000 after buying an additional 3,735 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of SpartanNash in the 4th quarter valued at approximately $113,000. KLP Kapitalforvaltning AS acquired a new position in SpartanNash during the 4th quarter worth approximately $132,000. Guggenheim Capital LLC acquired a new position in SpartanNash during the 4th quarter worth approximately $218,000. Finally, Ieq Capital LLC bought a new stake in shares of SpartanNash during the 4th quarter worth approximately $231,000. Institutional investors and hedge funds own 84.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SPTN shares. Northcoast Research cut SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research note on Wednesday, February 19th. Wall Street Zen lowered SpartanNash from a “buy” rating to a “hold” rating in a research note on Friday, May 30th.

SpartanNash Price Performance

SpartanNash stock opened at $18.81 on Wednesday. The stock’s 50 day moving average is $19.61 and its 200 day moving average is $19.24. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.78. The firm has a market cap of $636.79 million, a P/E ratio of -1,881.00 and a beta of 0.42. SpartanNash has a one year low of $17.30 and a one year high of $23.00.

SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.87 billion. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 earnings per share. As a group, research analysts expect that SpartanNash will post 1.79 EPS for the current year.

SpartanNash Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.88 annualized dividend and a yield of 4.68%. SpartanNash’s dividend payout ratio (DPR) is currently -275.00%.

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.