SpartanNash Co (SPTN) Shares Bought by Ibex Investors LLC
Ibex Investors LLC lifted its stake in shares of SpartanNash Co (NASDAQ:SPTN) by 2.0% during the first quarter, HoldingsChannel.com reports. The fund owned 47,967 shares of the company’s stock after purchasing an additional 950 shares during the period. Ibex Investors LLC’s holdings in SpartanNash were worth $761,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Thrivent Financial for Lutherans grew its position in SpartanNash by 0.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 113,666 shares of the company’s stock worth $1,952,000 after buying an additional 564 shares during the last quarter. PNC Financial Services Group Inc. grew its position in SpartanNash by 77.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,588 shares of the company’s stock worth $27,000 after buying an additional 692 shares during the last quarter. Advisor Group Inc. grew its position in SpartanNash by 28.4% in the fourth quarter. Advisor Group Inc. now owns 3,213 shares of the company’s stock worth $55,000 after buying an additional 711 shares during the last quarter. United Services Automobile Association grew its position in SpartanNash by 7.0% in the fourth quarter. United Services Automobile Association now owns 13,345 shares of the company’s stock worth $229,000 after buying an additional 876 shares during the last quarter. Finally, Texas Permanent School Fund grew its position in SpartanNash by 3.8% in the first quarter. Texas Permanent School Fund now owns 24,411 shares of the company’s stock worth $387,000 after buying an additional 892 shares during the last quarter. Hedge funds and other institutional investors own 86.87% of the company’s stock.
SPTN has been the topic of several research analyst reports. BidaskClub upgraded shares of SpartanNash from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 15th. ValuEngine cut shares of SpartanNash from a “sell” rating to a “strong sell” rating in a research report on Friday, February 22nd. Barclays cut shares of SpartanNash from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, March 12th. Zacks Investment Research cut shares of SpartanNash from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Finally, Pivotal Research reiterated a “sell” rating and set a $12.00 price objective (down from $14.00) on shares of SpartanNash in a research report on Thursday, February 21st. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $21.33.
NASDAQ SPTN traded down $0.41 on Wednesday, hitting $15.21. 1,565 shares of the stock were exchanged, compared to its average volume of 259,200. SpartanNash Co has a 52-week low of $14.33 and a 52-week high of $26.99. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.94 and a current ratio of 2.10. The stock has a market cap of $552.22 million, a price-to-earnings ratio of 8.28, a PEG ratio of 1.63 and a beta of 1.19.
SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings data on Wednesday, February 20th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.07). The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.93 billion. SpartanNash had a return on equity of 9.31% and a net margin of 0.42%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. On average, research analysts forecast that SpartanNash Co will post 1.35 EPS for the current fiscal year.
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SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 60,000 stock-keeping units, such as 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 pharmacy products to independent retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores.
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