AE Wealth Management LLC Buys 10,657 SpartanNash (NASDAQ:SPTN) Shares

AE Wealth Management LLC purchased a new position in shares of SpartanNash (NASDAQ:SPTN – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,657 shares of the company’s stock, valued at approximately $200,000.

Several other large investors have also recently modified their holdings of SPTN. Vanguard Group Inc. raised its holdings in SpartanNash by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,123,088 shares of the company’s stock valued at $63,118,000 after purchasing an additional 20,262 shares during the period. American Century Companies Inc. raised its stake in shares of SpartanNash by 20.0% in the second quarter. American Century Companies Inc. now owns 744,282 shares of the company’s stock valued at $13,963,000 after purchasing an additional 123,952 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of SpartanNash by 7.2% in the first quarter. ProShare Advisors LLC now owns 364,537 shares of the company’s stock worth $7,367,000 after buying an additional 24,578 shares in the last quarter. Ellsworth Advisors LLC boosted its holdings in shares of SpartanNash by 3.5% during the second quarter. Ellsworth Advisors LLC now owns 221,939 shares of the company’s stock valued at $4,164,000 after buying an additional 7,524 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in shares of SpartanNash by 29.6% during the fourth quarter. Allianz Asset Management GmbH now owns 183,172 shares of the company’s stock valued at $4,204,000 after acquiring an additional 41,832 shares in the last quarter. 84.59% of shares are currently owned by institutional investors.

Analysts on Wall Street are forecasting an increase

Separately, StockNews.com raised SpartanNash from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th.

Get the latest research report on SPTN

SpartanNash stock down 0.3%

Shares of NASDAQ SPTN opened at $22.24 on Friday. The firm has a market cap of $750.38 million, a price-to-earnings ratio of 14.35 and a beta of 0.39. The company has a current ratio of 1.62, a quick ratio of 0.80, and a debt-to-equity ratio of 0.76. SpartanNash has a 12-month low of $17.74 and a 12-month high of $24.51. The company has a 50-day moving average of $21.16 and a 200-day moving average of $20.04.

SpartanNash (NASDAQ:SPTN – Get Your Free Report ) last posted its earnings results on Thursday, August 15th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.03. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.27 billion. SpartanNash had a net margin of 0.48% and a return on equity of 8.87%. The company’s revenue fell 3.5% year over year. In the same quarter last year, the company earned $0.65 per share. sell-side analysts expect that SpartanNash will post 1.98 earnings per share for the current fiscal year.

SpartanNash Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 23rd will be given a $0.218 dividend. This represents a dividend of $0.87 on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Monday, September 23rd. SpartanNash’s dividend payout ratio (DPR) is 56.13%.

SpartanNash profile

(Free Report)

SpartanNash Company distributes and retails food products in the United States of America. It operates through wholesale and retail segments. The wholesale segment offers food and perishable food products, including dry food products, vegetables, dairy products, meat, deli products, bakery products, frozen food products, seafood, floral products, general merchandise, beverages, products from tobacco, health and beauty care and pharmaceuticals to independent retailers, national accounts, foodservice distributors, e-commerce providers and corporate-owned retail stores.

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