SpartanNash (NASDAQ:SPTN) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of SpartanNash (NASDAQ:SPTN) from a hold rating to a buy rating in a report released on Tuesday morning.

Separately, Northcoast Research cut shares of SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a research note on Wednesday, February 19th.

SpartanNash Trading Up 0.0 %

Shares of NASDAQ:SPTN opened at $20.11 on Tuesday. SpartanNash has a 52 week low of $17.30 and a 52 week high of $23.00. The company’s 50 day moving average is $19.20 and its two-hundred day moving average is $19.89. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00. The company has a market cap of $679.01 million, a PE ratio of -2,011.00 and a beta of 0.34.

SpartanNash (NASDAQ:SPTN) last posted its earnings results on Wednesday, February 12th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. During the same quarter in the previous year, the company earned $0.35 earnings per share. Equities analysts predict that SpartanNash will post 1.79 earnings per share for the current fiscal year.

SpartanNash Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be given a dividend of $0.22 per share. This is a boost from SpartanNash’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date is Friday, March 21st. SpartanNash’s payout ratio is presently -8,800.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of SpartanNash by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,198 shares of the company’s stock worth $352,000 after purchasing an additional 732 shares in the last quarter. Yousif Capital Management LLC increased its stake in shares of SpartanNash by 5.9% in the fourth quarter. Yousif Capital Management LLC now owns 13,696 shares of the company’s stock worth $251,000 after buying an additional 768 shares during the last quarter. Martingale Asset Management L P increased its stake in shares of SpartanNash by 2.2% in the third quarter. Martingale Asset Management L P now owns 48,114 shares of the company’s stock worth $1,078,000 after buying an additional 1,040 shares during the last quarter. MBM Wealth Consultants LLC increased its stake in shares of SpartanNash by 10.1% in the fourth quarter. MBM Wealth Consultants LLC now owns 13,083 shares of the company’s stock worth $238,000 after buying an additional 1,203 shares during the last quarter. Finally, BOKF NA increased its stake in shares of SpartanNash by 10.6% in the fourth quarter. BOKF NA now owns 13,394 shares of the company’s stock worth $233,000 after buying an additional 1,280 shares during the last quarter. 84.59% of the stock is owned by institutional investors and hedge funds.

About SpartanNash

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.