Campbell & CO Investment Adviser LLC bought a new stake in shares of SpartanNash Company (NASDAQ:SPTN) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 9,153 shares of the company’s stock, valued at approximately $238,000.

A number of other hedge funds have also bought and sold shares of the stock. Ameritas Investment Partners Inc. bought a new stake in SpartanNash during the first quarter valued at $112,000. Huntington National Bank raised its stake in SpartanNash by 3.8% in the first quarter. Huntington National Bank now owns 3,254 shares of the company’s stock valued at $114,000 after buying an additional 120 shares in the last quarter. Victory Capital Management Inc. raised its stake in SpartanNash by 55.8% in the first quarter. Victory Capital Management Inc. now owns 3,985 shares of the company’s stock valued at $139,000 after buying an additional 1,427 shares in the last quarter. State of Alaska Department of Revenue raised its stake in SpartanNash by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 4,140 shares of the company’s stock valued at $144,000 after buying an additional 80 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in SpartanNash by 225.4% in the first quarter. LS Investment Advisors LLC now owns 4,555 shares of the company’s stock valued at $159,000 after buying an additional 3,155 shares in the last quarter. Hedge funds and other institutional investors own 87.29% of the company’s stock.

Shares of SpartanNash Company (SPTN) traded up 0.61% during mid-day trading on Friday, hitting $26.24. The stock had a trading volume of 158,998 shares. The stock’s 50-day moving average price is $26.51 and its 200-day moving average price is $32.62. The stock has a market capitalization of $993.03 million, a price-to-earnings ratio of 15.94 and a beta of 1.00. SpartanNash Company has a 12-month low of $24.81 and a 12-month high of $40.38.

SpartanNash (NASDAQ:SPTN) last released its quarterly earnings data on Wednesday, May 24th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.46 billion. SpartanNash had a net margin of 0.79% and a return on equity of 10.03%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. On average, equities analysts anticipate that SpartanNash Company will post $2.30 EPS for the current fiscal year.

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SPTN has been the subject of several research reports. Jefferies Group LLC reissued a “hold” rating and set a $30.00 price objective (down from $35.00) on shares of SpartanNash in a research note on Friday, June 23rd. Pivotal Research lowered SpartanNash from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $35.00 to $20.00 in a research note on Monday, June 26th. Zacks Investment Research lowered SpartanNash from a “hold” rating to a “sell” rating in a research note on Saturday, May 27th. Barclays PLC reissued an “equal weight” rating and set a $28.00 price objective (down from $36.00) on shares of SpartanNash in a research note on Friday, July 14th. Finally, ValuEngine lowered SpartanNash from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $29.40.

In related news, Director M Shan Atkins sold 2,000 shares of the company’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $27.69, for a total value of $55,380.00. Following the completion of the transaction, the director now directly owns 32,425 shares of the company’s stock, valued at approximately $897,848.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Theodore Adornato sold 1,182 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $36.86, for a total transaction of $43,568.52. Following the completion of the transaction, the insider now directly owns 51,256 shares of the company’s stock, valued at $1,889,296.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,936 shares of company stock valued at $407,921. Company insiders own 3.00% of the company’s stock.

About SpartanNash

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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