Acadian Asset Management LLC Buys 221,585 Shares of SpartanNash (NASDAQ:SPTN)

Acadian Asset Management LLC raised its stake in shares of SpartanNash (NASDAQ:SPTN) by 223.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 320,600 shares of the company’s stock after purchasing an additional 221,585 shares during the period. Acadian Asset Management LLC owned 0.89% of SpartanNash worth $5,242,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC bought a new position in shares of SpartanNash during the 3rd quarter valued at about $647,000. Advisor Group Holdings Inc. bought a new position in shares of SpartanNash during the 1st quarter valued at about $45,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of SpartanNash by 12.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 335,335 shares of the company’s stock valued at $5,483,000 after purchasing an additional 36,667 shares during the last quarter. LSV Asset Management boosted its holdings in shares of SpartanNash by 3.2% during the 2nd quarter. LSV Asset Management now owns 1,692,251 shares of the company’s stock valued at $35,960,000 after purchasing an additional 52,554 shares during the last quarter. Finally, Trexquant Investment LP boosted its holdings in shares of SpartanNash by 75.0% during the 2nd quarter. Trexquant Investment LP now owns 64,012 shares of the company’s stock valued at $1,360,000 after purchasing an additional 27,443 shares during the last quarter. 84.92% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ SPTN opened at $18.06 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.56 and a quick ratio of 0.75. The company has a market cap of $647.69 million, a P/E ratio of 13.18 and a beta of 0.98. SpartanNash has a 1 year low of $9.00 and a 1 year high of $23.94. The firm has a 50-day simple moving average of $19.12 and a two-hundred day simple moving average of $19.46.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings data on Monday, November 16th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.08. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.14 billion. SpartanNash had a net margin of 0.54% and a return on equity of 10.02%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.30 earnings per share. As a group, equities research analysts expect that SpartanNash will post 2.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 10th will be paid a $0.192 dividend. This represents a $0.77 annualized dividend and a yield of 4.25%. The ex-dividend date is Wednesday, December 9th. SpartanNash’s payout ratio is currently 70.00%.

Several research analysts have commented on SPTN shares. TheStreet raised shares of SpartanNash from a “c” rating to a “b” rating in a report on Wednesday, August 12th. Wolfe Research started coverage on shares of SpartanNash in a report on Friday, October 9th. They issued an “outperform” rating and a $20.00 price target for the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $23.00 price target on shares of SpartanNash in a report on Friday, August 14th. BidaskClub downgraded shares of SpartanNash from a “hold” rating to a “sell” rating in a report on Thursday, September 17th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $20.00 price target on shares of SpartanNash in a report on Friday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.50.

SpartanNash Profile

SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 52,000 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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