SpartanNash (NASDAQ:SPTN) Upgraded at StockNews.com

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

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

SpartanNash Stock Up 0.0 %

Shares of NASDAQ SPTN opened at $20.11 on Tuesday. The company’s 50-day simple moving average is $19.20 and its 200-day simple moving average is $19.89. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00. The firm has a market cap of $679.01 million, a price-to-earnings ratio of -2,011.00 and a beta of 0.34. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00.

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

SpartanNash Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 21st will be given a dividend of $0.22 per share. The ex-dividend date is Friday, March 21st. 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%. SpartanNash’s dividend payout ratio (DPR) is currently -8,800.00%.

Institutional Investors Weigh In On SpartanNash

Institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its position in shares of SpartanNash by 3,585.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company’s stock valued at $32,000 after acquiring an additional 1,685 shares during the last quarter. State of Wyoming acquired a new stake in shares of SpartanNash during the fourth quarter valued at about $43,000. Tower Research Capital LLC TRC increased its position in shares of SpartanNash by 167.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company’s stock valued at $109,000 after acquiring an additional 3,735 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of SpartanNash during the fourth quarter valued at about $113,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of SpartanNash in the fourth quarter valued at approximately $132,000. 84.59% of the stock is currently owned by institutional investors and hedge funds.

SpartanNash Company 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.