Phocas Financial Corp. Sells 186,550 Shares of SpartanNash (NASDAQ:SPTN)

Phocas Financial Corp. cut its stake in SpartanNash (NASDAQ:SPTN) by 85.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,877 shares of the company’s stock after selling 186,550 shares during the period. Phocas Financial Corp. owned approximately 0.10% of SpartanNash worth $602,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its stake in SpartanNash by 13.3% during the fourth quarter. Bank of New York Mellon Corp now owns 481,538 shares of the company’s stock valued at $8,822,000 after acquiring an additional 56,677 shares during the period. Ieq Capital LLC bought a new stake in shares of SpartanNash during the fourth quarter valued at approximately $231,000. Principal Financial Group Inc. lifted its position in SpartanNash by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 163,673 shares of the company’s stock worth $2,998,000 after purchasing an additional 4,596 shares during the period. Empowered Funds LLC increased its holdings in SpartanNash by 5.1% in the 4th quarter. Empowered Funds LLC now owns 178,347 shares of the company’s stock valued at $3,267,000 after buying an additional 8,652 shares during the period. Finally, Yousif Capital Management LLC raised its stake in shares of 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 in the last quarter. 84.59% of the stock is currently owned by institutional investors and hedge funds.

SpartanNash Stock Up 2.6 %

Shares of NASDAQ:SPTN opened at $20.22 on Wednesday. The company has a 50 day moving average of $18.64 and a 200-day moving average of $19.98. SpartanNash has a one year low of $17.30 and a one year high of $23.00. The stock has a market cap of $682.53 million, a price-to-earnings ratio of -2,022.00 and a beta of 0.34. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.78.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. During the same period last year, the company posted $0.35 earnings per share. On average, sell-side analysts forecast that SpartanNash will post 1.79 earnings per share for the current year.

Analysts Set New Price Targets

SPTN has been the topic of a number of recent research reports. Northcoast Research downgraded SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a report on Wednesday, February 19th. StockNews.com lowered SpartanNash from a “buy” rating to a “hold” rating in a research note on Thursday, January 30th.

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.