Capstone Asset Management Co. lowered its stake in shares of SpartanNash Company (NASDAQ:SPTN) by 5.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,628 shares of the company’s stock after selling 820 shares during the period. Capstone Asset Management Co.’s holdings in SpartanNash were worth $354,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of SpartanNash by 21,712.5% in 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 in the last quarter. Vanguard Group Inc. boosted its stake in shares of SpartanNash by 10.0% in the first quarter. Vanguard Group Inc. now owns 2,544,312 shares of the company’s stock valued at $89,025,000 after buying an additional 230,533 shares in the last quarter. State Street Corp boosted its stake in shares of SpartanNash by 8.7% in the first quarter. State Street Corp now owns 1,008,851 shares of the company’s stock valued at $35,297,000 after buying an additional 80,515 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of SpartanNash by 59.9% in the first quarter. Goldman Sachs Group Inc. now owns 719,700 shares of the company’s stock valued at $25,182,000 after buying an additional 269,686 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of SpartanNash by 5.0% in the first quarter. Bank of New York Mellon Corp now owns 582,553 shares of the company’s stock valued at $20,384,000 after buying an additional 27,757 shares in the last quarter. 87.29% of the stock is owned by institutional investors.

Shares of SpartanNash Company (NASDAQ:SPTN) traded down 0.38% during trading on Thursday, reaching $25.96. 39,937 shares of the company’s stock were exchanged. SpartanNash Company has a 52-week low of $24.81 and a 52-week high of $40.38. The firm has a market capitalization of $982.43 million, a P/E ratio of 15.77 and a beta of 1.00. The company has a 50 day moving average of $26.56 and a 200 day moving average of $32.75.

SpartanNash (NASDAQ:SPTN) last posted its earnings results on Wednesday, May 24th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. SpartanNash had a net margin of 0.79% and a return on equity of 10.03%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period last year, the business posted $0.54 EPS. SpartanNash’s revenue was up 5.4% compared to the same quarter last year. Equities analysts anticipate that SpartanNash Company will post $2.30 earnings per share for the current fiscal year.

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SPTN has been the subject of several research reports. Jefferies Group LLC reissued a “hold” rating and set a $30.00 price objective (down from $35.00) on shares of SpartanNash in a research note on Friday, June 23rd. Pivotal Research cut shares of SpartanNash from a “hold” rating to a “sell” rating and lowered their price objective for the company from $35.00 to $20.00 in a research note on Monday, June 26th. Zacks Investment Research cut shares of SpartanNash from a “hold” rating to a “sell” rating in a research note on Saturday, May 27th. Barclays PLC restated an “equal weight” rating and set a $28.00 target price (down previously from $36.00) on shares of SpartanNash in a report on Friday, July 14th. Finally, ValuEngine lowered shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $29.40.

In other SpartanNash news, CEO Dennis Eidson sold 6,141 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $36.85, for a total value of $226,295.85. Following the completion of the sale, the chief executive officer now directly owns 258,610 shares of the company’s stock, valued at approximately $9,529,778.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Theodore Adornato sold 1,182 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $36.86, for a total transaction of $43,568.52. Following the completion of the sale, the insider now directly owns 51,256 shares of the company’s stock, valued at $1,889,296.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,936 shares of company stock valued at $407,921. Insiders own 3.00% of the company’s stock.

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.

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Institutional Ownership by Quarter for SpartanNash (NASDAQ:SPTN)

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