MBM Wealth Consultants LLC Raises Stake in SpartanNash (NASDAQ:SPTN)

MBM Wealth Consultants LLC boosted its holdings in shares of SpartanNash (NASDAQ:SPTN) by 10.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,083 shares of the company’s stock after buying an additional 1,203 shares during the quarter. MBM Wealth Consultants LLC’s holdings in SpartanNash were worth $238,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Segall Bryant & Hamill LLC acquired a new stake in SpartanNash during the third quarter worth about $1,802,000. Dean Investment Associates LLC increased its holdings in shares of SpartanNash by 54.2% during the 3rd quarter. Dean Investment Associates LLC now owns 188,335 shares of the company’s stock valued at $4,221,000 after purchasing an additional 66,178 shares in the last quarter. Barclays PLC lifted its stake in shares of SpartanNash by 120.0% in the 3rd quarter. Barclays PLC now owns 86,412 shares of the company’s stock valued at $1,936,000 after purchasing an additional 47,141 shares during the period. JPMorgan Chase & Co. boosted its holdings in SpartanNash by 71.5% during the third quarter. JPMorgan Chase & Co. now owns 102,486 shares of the company’s stock worth $2,297,000 after buying an additional 42,719 shares in the last quarter. Finally, Dana Investment Advisors Inc. increased its holdings in SpartanNash by 14.5% in the second quarter. Dana Investment Advisors Inc. now owns 328,357 shares of the company’s stock valued at $6,160,000 after buying an additional 41,619 shares in the last quarter. 84.59% of the stock is currently owned by institutional investors and hedge funds.

SpartanNash Stock Up 1.3 %

Shares of NASDAQ SPTN opened at $18.25 on Wednesday. The firm has a market cap of $616.12 million, a price-to-earnings ratio of 13.72 and a beta of 0.35. The company’s 50-day simple moving average is $18.59 and its 200-day simple moving average is $20.11. The company has a quick ratio of 0.83, a current ratio of 1.62 and a debt-to-equity ratio of 0.80. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.24 billion. SpartanNash had a return on equity of 8.57% and a net margin of 0.48%. SpartanNash’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 EPS. Equities analysts predict that SpartanNash will post 1.88 EPS for the current fiscal year.

SpartanNash Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were paid a dividend of $0.2175 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.87 annualized dividend and a yield of 4.77%. SpartanNash’s dividend payout ratio (DPR) is presently 65.41%.

Analyst Ratings Changes

Separately, StockNews.com downgraded SpartanNash from a “buy” rating to a “hold” rating in a research report on Wednesday.

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.