Shares of SpartanNash Co (NASDAQ:SPTN) have been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $13.00.
Several brokerages have weighed in on SPTN. TheStreet cut shares of SpartanNash from a “c” rating to a “d+” rating in a research report on Wednesday, August 14th. Zacks Investment Research downgraded shares of SpartanNash from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. BidaskClub raised shares of SpartanNash from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. Barclays dropped their price objective on shares of SpartanNash from $13.00 to $8.00 and set an “underweight” rating on the stock in a report on Tuesday, August 13th. Finally, ValuEngine raised shares of SpartanNash from a “hold” rating to a “buy” rating in a report on Thursday, November 14th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System lifted its stake in SpartanNash by 1.6% in the second quarter. Arizona State Retirement System now owns 56,331 shares of the company’s stock worth $657,000 after acquiring an additional 870 shares during the period. Strs Ohio boosted its position in SpartanNash by 7.6% in the 2nd quarter. Strs Ohio now owns 45,400 shares of the company’s stock worth $529,000 after purchasing an additional 3,200 shares in the last quarter. Aperio Group LLC boosted its position in SpartanNash by 43.7% in the 2nd quarter. Aperio Group LLC now owns 32,882 shares of the company’s stock worth $384,000 after purchasing an additional 10,001 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in SpartanNash by 1,419.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 160,030 shares of the company’s stock worth $1,867,000 after purchasing an additional 149,500 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its position in SpartanNash by 1.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 296,692 shares of the company’s stock worth $3,462,000 after purchasing an additional 4,152 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.
SpartanNash stock traded down $0.23 during midday trading on Tuesday, hitting $13.88. 7,756 shares of the stock were exchanged, compared to its average volume of 273,953. The company has a quick ratio of 0.74, a current ratio of 1.72 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $507.81 million, a price-to-earnings ratio of 7.44, a price-to-earnings-growth ratio of 1.66 and a beta of 1.39. SpartanNash has a 52-week low of $8.82 and a 52-week high of $22.49. The business’s 50-day moving average price is $13.40 and its 200-day moving average price is $11.95.
SpartanNash (NASDAQ:SPTN) last released its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.09). The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.99 billion. SpartanNash had a negative net margin of 0.16% and a positive return on equity of 6.18%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 earnings per share. On average, sell-side analysts predict that SpartanNash will post 1.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date is Monday, December 9th. SpartanNash’s payout ratio is 40.64%.
SpartanNash Company Profile
SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 60,000 stock-keeping units, such as 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 pharmacy products to independent retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores.
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