SpartanNash (NASDAQ:SPTN) Reaches New 12-Month Low – Should You Sell?

SpartanNash (NASDAQ:SPTN) reached a new 52-week low during trading on Tuesday . The company traded as low as $17.30 and last traded at $17.49, with a volume of 239632 shares trading hands. The stock had previously closed at $17.43.

Wall Street Analyst Weigh In

Separately, StockNews.com cut SpartanNash from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

SpartanNash Trading Up 0.3 %

The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 0.83. The business has a fifty day moving average of $18.82 and a 200-day moving average of $20.12. The stock has a market capitalization of $590.37 million, a price-to-earnings ratio of 13.15 and a beta of 0.35.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. SpartanNash had a net margin of 0.48% and a return on equity of 8.57%. The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the company posted $0.54 EPS. The business’s revenue was down .6% compared to the same quarter last year. On average, equities analysts anticipate that SpartanNash will post 1.88 earnings per share for the current fiscal year.

SpartanNash Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were paid a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a dividend yield of 4.97%. The ex-dividend date was Monday, December 9th. SpartanNash’s dividend payout ratio is presently 65.41%.

Institutional Investors Weigh In On SpartanNash

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Canada Pension Plan Investment Board acquired a new position in shares of SpartanNash in the 2nd quarter valued at $34,000. Signaturefd LLC boosted its holdings in shares of SpartanNash by 64.9% in the third quarter. Signaturefd LLC now owns 1,801 shares of the company’s stock worth $40,000 after buying an additional 709 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of SpartanNash in the second quarter worth approximately $79,000. GAMMA Investing LLC raised its holdings in shares of SpartanNash by 64.7% during the third quarter. GAMMA Investing LLC now owns 3,920 shares of the company’s stock valued at $88,000 after acquiring an additional 1,540 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of SpartanNash by 308.8% in the 3rd quarter. Blue Trust Inc. now owns 7,531 shares of the company’s stock valued at $169,000 after acquiring an additional 5,689 shares in the last quarter. 84.59% of the stock is owned by institutional investors and hedge funds.

About SpartanNash

SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including 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 pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.