SpartanNash Company (SPTN) Stake Lowered by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its holdings in SpartanNash Company (NASDAQ:SPTN) by 5.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 422,643 shares of the company’s stock after selling 23,589 shares during the quarter. Ameriprise Financial Inc. owned 1.12% of SpartanNash worth $10,973,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Alpha Windward LLC increased its position in shares of SpartanNash by 1.4% in the second quarter. Alpha Windward LLC now owns 12,600 shares of the company’s stock valued at $327,000 after buying an additional 180 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of SpartanNash by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 15,460 shares of the company’s stock valued at $401,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System increased its position in shares of SpartanNash by 1.0% in the second quarter. Arizona State Retirement System now owns 19,760 shares of the company’s stock valued at $513,000 after buying an additional 200 shares in the last quarter. Comerica Bank increased its position in shares of SpartanNash by 0.3% in the second quarter. Comerica Bank now owns 81,958 shares of the company’s stock valued at $2,180,000 after buying an additional 208 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of SpartanNash by 1.4% in the first quarter. Public Employees Retirement System of Ohio now owns 18,138 shares of the company’s stock valued at $635,000 after buying an additional 255 shares in the last quarter. Institutional investors and hedge funds own 88.24% of the company’s stock.

A number of analysts have recently commented on the company. Jefferies Group LLC restated a “hold” rating and issued a $30.00 price objective on shares of SpartanNash in a research report on Friday, August 11th. BidaskClub upgraded SpartanNash from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. ValuEngine upgraded SpartanNash from a “hold” rating to a “buy” rating in a research report on Monday, July 17th. BMO Capital Markets started coverage on SpartanNash in a research report on Tuesday, September 12th. They set a “market perform” rating and a $25.00 price target for the company. Finally, Zacks Investment Research upgraded SpartanNash from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $24.80.

TRADEMARK VIOLATION WARNING: “SpartanNash Company (SPTN) Stake Lowered by Ameriprise Financial Inc.” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://ledgergazette.com/2017/10/11/spartannash-company-sptn-stake-lowered-by-ameriprise-financial-inc.html.

Shares of SpartanNash Company (NASDAQ SPTN) opened at 25.95 on Wednesday. SpartanNash Company has a 12 month low of $22.90 and a 12 month high of $40.38. The company’s 50 day moving average price is $25.10 and its 200 day moving average price is $29.34. The stock has a market capitalization of $967.16 million, a PE ratio of 14.89 and a beta of 1.08.

SpartanNash (NASDAQ:SPTN) last released its quarterly earnings data on Wednesday, August 16th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. SpartanNash had a return on equity of 10.00% and a net margin of 0.83%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.96

Several other institutional investors have also bought and sold shares of the company. Alpha Windward LLC increased its position in shares of SpartanNash by 1.4% in the second quarter. Alpha Windward LLC now owns 12,600 shares of the company’s stock valued at $327,000 after buying an additional 180 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of SpartanNash by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 15,460 shares of the company’s stock valued at $401,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System increased its position in shares of SpartanNash by 1.0% in the second quarter. Arizona State Retirement System now owns 19,760 shares of the company’s stock valued at $513,000 after buying an additional 200 shares in the last quarter. Comerica Bank increased its position in shares of SpartanNash by 0.3% in the second quarter. Comerica Bank now owns 81,958 shares of the company’s stock valued at $2,180,000 after buying an additional 208 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of SpartanNash by 1.4% in the first quarter. Public Employees Retirement System of Ohio now owns 18,138 shares of the company’s stock valued at $635,000 after buying an additional 255 shares in the last quarter. Institutional investors and hedge funds own 88.24% of the company’s stock.

A number of analysts have recently commented on the company. Jefferies Group LLC restated a “hold” rating and issued a $30.00 price objective on shares of SpartanNash in a research report on Friday, August 11th. BidaskClub upgraded SpartanNash from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. ValuEngine upgraded SpartanNash from a “hold” rating to a “buy” rating in a research report on Monday, July 17th. BMO Capital Markets started coverage on SpartanNash in a research report on Tuesday, September 12th. They set a “market perform” rating and a $25.00 price target for the company. Finally, Zacks Investment Research upgraded SpartanNash from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $24.80.

TRADEMARK VIOLATION WARNING: “SpartanNash Company (SPTN) Stake Lowered by Ameriprise Financial Inc.” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://ledgergazette.com/2017/10/11/spartannash-company-sptn-stake-lowered-by-ameriprise-financial-inc.html.

Shares of SpartanNash Company (NASDAQ SPTN) opened at 25.95 on Wednesday. SpartanNash Company has a 12 month low of $22.90 and a 12 month high of $40.38. The company’s 50 day moving average price is $25.10 and its 200 day moving average price is $29.34. The stock has a market capitalization of $967.16 million, a PE ratio of 14.89 and a beta of 1.08.

SpartanNash (NASDAQ:SPTN) last released its quarterly earnings data on Wednesday, August 16th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. SpartanNash had a return on equity of 10.00% and a net margin of 0.83%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the business posted $0.58 EPS. SpartanNash’s quarterly revenue was up 3.7% on a year-over-year basis. Equities analysts anticipate that SpartanNash Company will post $2.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 2.54%. The ex-dividend date was Thursday, September 14th. SpartanNash’s payout ratio is currently 37.93%.

SpartanNash Profile

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.

Institutional Ownership by Quarter for SpartanNash (NASDAQ:SPTN)

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