SpartanNash Company (SPTN) Position Cut by California State Teachers Retirement System
California State Teachers Retirement System lowered its holdings in shares of SpartanNash Company (NASDAQ:SPTN) by 8.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,537 shares of the company’s stock after selling 6,235 shares during the quarter. California State Teachers Retirement System owned 0.18% of SpartanNash worth $1,727,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. lifted its holdings in shares of SpartanNash by 21,712.5% in the 1st quarter. BlackRock Inc. now owns 4,785,883 shares of the company’s stock worth $167,458,000 after buying an additional 4,763,942 shares during the period. State Street Corp lifted its holdings in shares of SpartanNash by 5.6% in the 2nd quarter. State Street Corp now owns 1,065,210 shares of the company’s stock worth $27,654,000 after buying an additional 56,359 shares during the period. Vanguard Group Inc. lifted its holdings in shares of SpartanNash by 8.4% in the 2nd quarter. Vanguard Group Inc. now owns 2,757,235 shares of the company’s stock worth $71,578,000 after buying an additional 212,923 shares during the period. Northern Trust Corp lifted its holdings in shares of SpartanNash by 10.0% in the 2nd quarter. Northern Trust Corp now owns 797,462 shares of the company’s stock worth $20,702,000 after buying an additional 72,318 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of SpartanNash by 6.9% in the 2nd quarter. Legal & General Group Plc now owns 102,064 shares of the company’s stock worth $2,650,000 after buying an additional 6,599 shares during the period. Institutional investors own 88.48% of the company’s stock.
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Several brokerages have weighed in on SPTN. Barclays PLC lowered their target price on SpartanNash from $28.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, November 10th. TheStreet cut SpartanNash from a “b-” rating to a “c-” rating in a report on Wednesday, November 8th. Pivotal Research reiterated a “sell” rating and issued a $18.00 target price on shares of SpartanNash in a report on Wednesday, November 8th. Jefferies Group LLC reiterated a “hold” rating and issued a $25.00 target price on shares of SpartanNash in a report on Monday, October 16th. Finally, BMO Capital Markets began coverage on SpartanNash in a report on Tuesday, September 12th. They issued a “market perform” rating and a $25.00 target price for the company. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. SpartanNash currently has an average rating of “Hold” and an average price target of $23.20.
Shares of SpartanNash Company (SPTN) opened at $22.82 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.74 and a current ratio of 1.81. The firm has a market capitalization of $779.73, a price-to-earnings ratio of 9.50, a P/E/G ratio of 3.25 and a beta of 1.02. SpartanNash Company has a 12 month low of $18.56 and a 12 month high of $40.38.
SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.90 billion. SpartanNash had a negative return on equity of 67.84% and a negative net margin of 6.47%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS. analysts anticipate that SpartanNash Company will post 2.16 earnings per share for the current fiscal year.
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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