SpartanNash Company (SPTN) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of SpartanNash Company (NASDAQ:SPTN) by 8.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,757,235 shares of the company’s stock after buying an additional 212,923 shares during the quarter. Vanguard Group Inc. owned about 7.29% of SpartanNash worth $71,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of SpartanNash by 21,712.5% during the first quarter. BlackRock Inc. now owns 4,785,883 shares of the company’s stock valued at $167,458,000 after buying an additional 4,763,942 shares during the period. Legal & General Group Plc increased its position in shares of SpartanNash by 6.9% during the second quarter. Legal & General Group Plc now owns 102,064 shares of the company’s stock valued at $2,650,000 after buying an additional 6,599 shares during the period. Nationwide Fund Advisors increased its position in shares of SpartanNash by 2.5% during the second quarter. Nationwide Fund Advisors now owns 177,649 shares of the company’s stock valued at $4,612,000 after buying an additional 4,355 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of SpartanNash by 119.1% during the first quarter. UBS Asset Management Americas Inc. now owns 22,527 shares of the company’s stock valued at $788,000 after buying an additional 12,246 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of SpartanNash by 2.9% during the second quarter. Prudential Financial Inc. now owns 623,227 shares of the company’s stock valued at $16,179,000 after buying an additional 17,520 shares during the period. Institutional investors own 88.23% of the company’s stock.

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Shares of SpartanNash Company (NASDAQ SPTN) opened at 24.55 on Wednesday. The stock has a market cap of $914.98 million, a PE ratio of 14.08 and a beta of 1.08. SpartanNash Company has a one year low of $22.90 and a one year high of $40.38. The firm has a 50-day moving average of $25.48 and a 200-day moving average of $28.36.

SpartanNash (NASDAQ:SPTN) last posted its earnings results on Wednesday, August 16th. The company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.96 billion. SpartanNash had a net margin of 0.83% and a return on equity of 10.00%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 EPS. On average, equities research analysts expect that SpartanNash Company will post $2.23 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $25.00 price target on shares of SpartanNash in a research report on Monday, October 16th. BMO Capital Markets assumed coverage on shares of SpartanNash in a research report on Tuesday, September 12th. They set a “market perform” rating and a $25.00 price target on the stock. ValuEngine cut shares of SpartanNash from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of SpartanNash from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Finally, Deutsche Bank AG reduced their price target on shares of SpartanNash from $40.00 to $26.00 and set a “hold” rating on the stock in a research report on Friday, August 18th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the stock. SpartanNash currently has an average rating of “Hold” and an average price target of $24.80.

About SpartanNash

SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries.

Institutional Ownership by Quarter for SpartanNash (NASDAQ:SPTN)

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