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M&G Investment Management Ltd. Purchases Shares of 47,396 SpartanNash (NASDAQ:SPTN)

M&G Investment Management Ltd. acquired a new stake in shares of SpartanNash (NASDAQ:SPTNGet Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 47,396 shares of the company’s stock, valued at approximately $1,374,000. M&G Investment Management Ltd. owned approximately 0.13% of SpartanNash as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in SPTN. James Investment Research Inc. bought a new stake in SpartanNash in the 3rd quarter worth $336,000. Benjamin F. Edwards & Company Inc. grew its holdings in SpartanNash by 2.2% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 46,778 shares of the company’s stock worth $1,357,000 after acquiring an additional 999 shares during the last quarter. Miller Howard Investments Inc. NY bought a new stake in shares of SpartanNash during the 3rd quarter valued at about $211,000. Allspring Global Investments Holdings LLC boosted its stake in shares of SpartanNash by 136.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 259,407 shares of the company’s stock valued at $7,527,000 after purchasing an additional 149,642 shares in the last quarter. Finally, Martin & Co. Inc. TN boosted its stake in shares of SpartanNash by 2.8% during the 3rd quarter. Martin & Co. Inc. TN now owns 68,975 shares of the company’s stock valued at $2,002,000 after purchasing an additional 1,870 shares in the last quarter. Hedge funds and other institutional investors own 87.14% of the company’s stock.

Analysts Set New Price Targets

SPTN has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of SpartanNash from $36.00 to $35.00 and set a “hold” rating on the stock in a research note on Monday, November 14th. Northcoast Research raised shares of SpartanNash from a “neutral” rating to a “buy” rating in a research note on Thursday, December 1st. Finally, StockNews.com lowered shares of SpartanNash from a “buy” rating to a “hold” rating in a research note on Monday, November 14th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $33.00.

SpartanNash Trading Down 0.5 %

NASDAQ:SPTN opened at $30.79 on Friday. SpartanNash has a one year low of $23.76 and a one year high of $37.75. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.63 and a quick ratio of 0.74. The company’s 50-day simple moving average is $32.04 and its 200 day simple moving average is $31.68. The firm has a market capitalization of $1.09 billion, a P/E ratio of 19.86 and a beta of 0.73.

SpartanNash (NASDAQ:SPTNGet Rating) last issued its earnings results on Wednesday, November 9th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.08. The firm had revenue of $2.30 billion during the quarter. SpartanNash had a net margin of 0.60% and a return on equity of 10.26%. As a group, analysts forecast that SpartanNash will post 2.36 EPS for the current fiscal year.

SpartanNash Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 9th were paid a $0.21 dividend. The ex-dividend date was Thursday, December 8th. This represents a $0.84 dividend on an annualized basis and a yield of 2.73%. SpartanNash’s dividend payout ratio is currently 54.19%.

SpartanNash Profile

(Get Rating)

SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 65,000 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)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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