SpartanNash (NASDAQ:SPTN) Stock Price Down 11% – Should You Sell?

SpartanNash (NASDAQ:SPTN)’s stock price traded down 11% on Thursday . The company traded as low as $19.65 and last traded at $20.10. 84,793 shares traded hands during trading, a decline of 65% from the average session volume of 245,342 shares. The stock had previously closed at $22.59.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Friday.

SpartanNash Trading Down 4.2 %

The stock’s fifty day moving average is $21.62 and its 200 day moving average is $20.42. The stock has a market cap of $639.13 million, a P/E ratio of 14.24 and a beta of 0.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.62.

SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.24 billion. SpartanNash had a net margin of 0.48% and a return on equity of 8.87%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. As a group, equities research analysts predict that SpartanNash will post 1.98 earnings per share for the current fiscal year.

SpartanNash Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 23rd were issued a $0.218 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.87 annualized dividend and a dividend yield of 4.60%. SpartanNash’s payout ratio is 65.41%.

Hedge Funds Weigh In On SpartanNash

Large investors have recently bought and sold shares of the business. nVerses Capital LLC bought a new position in shares of SpartanNash in the second quarter worth about $30,000. Canada Pension Plan Investment Board purchased a new stake in SpartanNash in the 2nd quarter valued at about $34,000. Blue Trust Inc. grew its stake in SpartanNash by 5,317.6% in the 2nd quarter. Blue Trust Inc. now owns 1,842 shares of the company’s stock worth $37,000 after acquiring an additional 1,808 shares in the last quarter. Signaturefd LLC raised its stake in shares of SpartanNash by 64.9% during the third quarter. Signaturefd LLC now owns 1,801 shares of the company’s stock valued at $40,000 after acquiring an additional 709 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of SpartanNash by 114.4% during the second quarter. GAMMA Investing LLC now owns 2,380 shares of the company’s stock valued at $45,000 after acquiring an additional 1,270 shares in the last quarter. Hedge funds and other institutional investors own 84.59% of the company’s stock.

SpartanNash Company Profile

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.