BNP Paribas Arbitrage SA Raises Holdings in SpartanNash Company (SPTN)

BNP Paribas Arbitrage SA raised its stake in shares of SpartanNash Company (NASDAQ:SPTN) by 42.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,643 shares of the company’s stock after buying an additional 7,002 shares during the period. BNP Paribas Arbitrage SA owned about 0.06% of SpartanNash worth $623,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SPTN. Victory Capital Management Inc. boosted its stake in shares of SpartanNash by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,689 shares of the company’s stock valued at $122,000 after buying an additional 704 shares during the period. Sei Investments Co. acquired a new stake in shares of SpartanNash during the 2nd quarter valued at $127,000. Piedmont Investment Advisors LLC acquired a new stake in shares of SpartanNash during the 2nd quarter valued at $212,000. Suntrust Banks Inc. boosted its stake in shares of SpartanNash by 1.8% during the 2nd quarter. Suntrust Banks Inc. now owns 10,259 shares of the company’s stock valued at $266,000 after buying an additional 183 shares during the period. Finally, Petrus Trust Company LTA acquired a new stake in shares of SpartanNash during the 2nd quarter valued at $267,000. 86.09% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on the stock. Jefferies Group set a $27.00 price objective on shares of SpartanNash and gave the company a “hold” rating in a research note on Thursday, August 17th. Barclays reduced their price objective on shares of SpartanNash from $28.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, November 10th. BidaskClub raised shares of SpartanNash from a “sell” rating to a “hold” rating in a research note on Saturday, December 2nd. Deutsche Bank reduced their price objective on shares of SpartanNash from $40.00 to $26.00 and set a “hold” rating for the company in a research note on Friday, August 18th. Finally, BMO Capital Markets assumed coverage on shares of SpartanNash in a research note on Tuesday, September 12th. They issued a “market perform” rating and a $25.00 price objective for the company. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $23.20.

Shares of SpartanNash Company (NASDAQ:SPTN) opened at $25.92 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.92. SpartanNash Company has a 52 week low of $18.56 and a 52 week high of $40.38. The stock has a market cap of $973.10, a price-to-earnings ratio of 11.86, a P/E/G ratio of 4.16 and a beta of 1.02.

SpartanNash (NASDAQ:SPTN) last announced its earnings results on Wednesday, November 8th. The company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.90 billion. SpartanNash had a negative net margin of 0.93% and a positive return on equity of 10.35%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. research analysts forecast that SpartanNash Company will post 2.11 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.66 annualized dividend and a yield of 2.55%. SpartanNash’s dividend payout ratio (DPR) is presently -32.67%.

SpartanNash declared that its Board of Directors has approved a stock repurchase program on Thursday, November 16th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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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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