Invesco Ltd. Has $22.78 Million Stake in SpartanNash (NASDAQ:SPTN)

Invesco Ltd. raised its holdings in SpartanNash (NASDAQ:SPTN) by 25.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,243,507 shares of the company’s stock after buying an additional 249,616 shares during the period. Invesco Ltd. owned 3.68% of SpartanNash worth $22,781,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPTN. Teacher Retirement System of Texas increased its position in shares of SpartanNash by 28.3% during the 4th quarter. Teacher Retirement System of Texas now owns 273,634 shares of the company’s stock worth $5,013,000 after purchasing an additional 60,401 shares during the last quarter. Barclays PLC grew its stake in shares of SpartanNash by 120.0% in the third quarter. Barclays PLC now owns 86,412 shares of the company’s stock valued at $1,936,000 after buying an additional 47,141 shares in the last quarter. Dana Investment Advisors Inc. raised its position in SpartanNash by 16.7% during the fourth quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company’s stock worth $6,280,000 after acquiring an additional 48,987 shares in the last quarter. Ieq Capital LLC acquired a new stake in SpartanNash in the fourth quarter valued at $231,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of SpartanNash in the 4th quarter valued at about $948,000. 84.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of SpartanNash from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Northcoast Research downgraded 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 Stock Performance

Shares of SPTN stock opened at $19.79 on Friday. The company has a market capitalization of $669.81 million, a price-to-earnings ratio of -1,979.00 and a beta of 0.53. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57. SpartanNash has a 52 week low of $17.30 and a 52 week high of $23.00. The company has a 50-day simple moving average of $19.89 and a 200 day simple moving average of $19.54.

SpartanNash (NASDAQ:SPTN) last announced its earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. During the same period in the prior year, the business posted $0.35 EPS. On average, sell-side analysts predict that SpartanNash will post 1.79 earnings per share for the current year.

SpartanNash Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 21st were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.45%. This is a positive change from SpartanNash’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 21st. SpartanNash’s dividend payout ratio (DPR) is currently -8,800.00%.

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.