SpartanNash Co (SPTN) Given Average Recommendation of “Hold” by Analysts

Shares of SpartanNash Co (NASDAQ:SPTN) have been assigned an average rating of “Hold” from the ten research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $21.20.

Several brokerages have recently weighed in on SPTN. Zacks Investment Research upgraded shares of SpartanNash from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Saturday, June 2nd. BidaskClub raised shares of SpartanNash from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. ValuEngine downgraded shares of SpartanNash from a “sell” rating to a “strong sell” rating in a research report on Friday, June 8th. Pivotal Research reissued a “sell” rating and set a $15.00 target price on shares of SpartanNash in a research report on Friday, May 25th. Finally, BMO Capital Markets set a $23.00 target price on shares of SpartanNash and gave the stock a “buy” rating in a research report on Friday, August 17th.

A number of institutional investors and hedge funds have recently bought and sold shares of SPTN. Sun Life Financial INC acquired a new stake in SpartanNash in the second quarter valued at approximately $134,000. Koch Industries Inc. acquired a new stake in SpartanNash in the first quarter valued at approximately $180,000. Piedmont Investment Advisors LLC acquired a new stake in SpartanNash in the second quarter valued at approximately $213,000. Xact Kapitalforvaltning AB acquired a new stake in SpartanNash in the second quarter valued at approximately $227,000. Finally, Creative Planning acquired a new stake in SpartanNash in the second quarter valued at approximately $256,000. 85.09% of the stock is owned by hedge funds and other institutional investors.

Shares of SPTN stock traded up $0.31 during trading hours on Friday, hitting $20.30. 116,341 shares of the company were exchanged, compared to its average volume of 203,039. The firm has a market cap of $741.65 million, a P/E ratio of 9.67, a PEG ratio of 1.45 and a beta of 1.16. SpartanNash has a 1 year low of $16.32 and a 1 year high of $27.72. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.06 and a quick ratio of 0.88.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings data on Wednesday, August 15th. The company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.07). The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.88 billion. SpartanNash had a positive return on equity of 10.23% and a negative net margin of 0.72%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. analysts expect that SpartanNash will post 2.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, September 13th. SpartanNash’s dividend payout ratio (DPR) is presently 34.29%.

About SpartanNash

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 retail locations, food service distributors, and corporate-owned retail stores.

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Analyst Recommendations for SpartanNash (NASDAQ:SPTN)

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