Spartannash Co (SPTN): Theodore Adornato , Exec. V. P. Retail Operations of Spartannash Co sold 2,306 shares on Jun 10, 2016. The Insider selling transaction was reported by the company on Jun 13, 2016 to the Securities and Exchange Commission. The shares were sold at $29.37 per share for a total value of $67,727.22 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 10, 2016, David M Staples (EVP and COO) sold 3,549 shares at $29.46 per share price.On Jun 8, 2016, Dennis Eidson (Chairman, President and CEO) sold 12,210 shares at $29.83 per share price.Also, On Jun 7, 2016, Derek R Jones (EVP, Pres. Whlse & Dist. Ops.) sold 4,435 shares at $29.80 per share price.On Mar 30, 2016, Edward L Brunot (Exec. V. P. and Pres. of MDV) sold 2,722 shares at $28.58 per share price.
Shares of SpartanNash Co (SPTN) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.51 points or -1.72% at $29.11 with 1,18,814 shares getting traded. Post opening the session at $29.51, the shares hit an intraday low of $29 and an intraday high of $29.66 and the price vacillated in this range throughout the day. The company has a market cap of $1,091 M and the number of outstanding shares has been calculated to be 3,74,71,675 shares. The 52-week high of SpartanNash Co is $33.89 and the 52-week low is $17.66.
On Jun 6, 2016, SpartanNash Co announced a cash dividend of $0.1500. The company’s management has announced Jun 14, 2016 as the ex-dividend date and fixed the record date on Jun 16, 2016. The payable date has been fixed on Jun 30, 2016.
Company has been under the radar of several Street Analysts.SpartanNash Co is Downgraded by Pivotal Research Group to Hold and the brokerage firm has set the Price Target at $30. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 1, 2016.
Spartannash Company formerly Spartan Stores Inc. is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing food to military commissaries and exchanges and independent and corporate-owned retail stores located in 42 states and the District of Columbia Europe Cuba Puerto Rico Bahrain Egypt Honduras Afghanistan and Bosnia. The Company operates through three segments: Military which sells and distributes grocery products to military commissaries and exchanges in the United States and overseas; Food Distribution which uses a multi-platform sales approach to distribute groceries to independent and corporate owned grocery retailers and Retail which operates retail supermarkets.