Teacher Retirement System of Texas Buys 60,401 Shares of SpartanNash (NASDAQ:SPTN)

Teacher Retirement System of Texas grew its stake in SpartanNash (NASDAQ:SPTN) by 28.3% during the fourth quarter, HoldingsChannel reports. The firm owned 273,634 shares of the company’s stock after buying an additional 60,401 shares during the quarter. Teacher Retirement System of Texas’ holdings in SpartanNash were worth $5,013,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPTN. Barclays PLC boosted its position in SpartanNash by 120.0% in the third quarter. Barclays PLC now owns 86,412 shares of the company’s stock valued at $1,936,000 after buying an additional 47,141 shares in the last quarter. Dana Investment Advisors Inc. lifted its stake in shares of SpartanNash by 16.7% in the 4th quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company’s stock valued at $6,280,000 after acquiring an additional 48,987 shares during the last quarter. Ieq Capital LLC acquired a new stake in shares of SpartanNash during the 4th quarter valued at $231,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in SpartanNash during the 4th quarter worth $948,000. Finally, Stifel Financial Corp increased its holdings in SpartanNash by 14.7% in the 3rd quarter. Stifel Financial Corp now owns 47,240 shares of the company’s stock worth $1,059,000 after purchasing an additional 6,058 shares in the last quarter. 84.59% of the stock is owned by institutional investors.

SpartanNash Stock Down 2.4 %

Shares of SPTN opened at $19.62 on Monday. The stock’s 50-day moving average price is $19.25 and its two-hundred day moving average price is $19.83. SpartanNash has a 12 month low of $17.30 and a 12 month high of $23.00. The company has a market capitalization of $662.47 million, a PE ratio of -1,962.00 and a beta of 0.34. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. During the same period last year, the business earned $0.35 earnings per share. On average, analysts anticipate that SpartanNash will post 1.79 EPS for the current year.

SpartanNash Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 21st will be given a dividend of $0.22 per share. The ex-dividend date is Friday, March 21st. This is a boost from SpartanNash’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 4.49%. SpartanNash’s dividend payout ratio is -8,800.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SPTN. Northcoast Research cut SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a report on Wednesday, February 19th. StockNews.com raised shares of SpartanNash from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th.

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.