BidaskClub Lowers SpartanNash (SPTN) to Buy

BidaskClub cut shares of SpartanNash (NASDAQ:SPTN) from a strong-buy rating to a buy rating in a research report report published on Monday, February 4th.

Other equities research analysts have also recently issued reports about the stock. Barclays restated a hold rating and set a $20.00 price objective on shares of SpartanNash in a research report on Wednesday, January 9th. Zacks Investment Research upgraded shares of SpartanNash from a sell rating to a hold rating in a research report on Wednesday, January 9th. Northcoast Research upgraded shares of SpartanNash from a neutral rating to a buy rating in a research report on Thursday, November 15th. ValuEngine upgraded shares of SpartanNash from a strong sell rating to a sell rating in a research report on Thursday, November 8th. Finally, BMO Capital Markets cut shares of SpartanNash from an outperform rating to a market perform rating and set a $23.00 price objective for the company. in a research report on Thursday, November 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $21.33.

Shares of NASDAQ SPTN opened at $18.44 on Monday. SpartanNash has a 52 week low of $16.08 and a 52 week high of $26.99. The stock has a market capitalization of $694.76 million, a PE ratio of 9.86, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24. The company has a quick ratio of 0.84, a current ratio of 2.10 and a debt-to-equity ratio of 0.95.

SpartanNash (NASDAQ:SPTN) last released its quarterly earnings data on Wednesday, February 20th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.07). SpartanNash had a return on equity of 9.31% and a net margin of 0.42%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the previous year, the business posted $0.41 earnings per share. SpartanNash’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities research analysts predict that SpartanNash will post 1.73 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from SpartanNash’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.12%. SpartanNash’s dividend payout ratio (DPR) is currently 38.50%.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Thrivent Financial for Lutherans increased its position in shares of SpartanNash by 0.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 113,666 shares of the company’s stock valued at $1,952,000 after acquiring an additional 564 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of SpartanNash by 77.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,588 shares of the company’s stock valued at $27,000 after acquiring an additional 692 shares during the last quarter. Advisor Group Inc. increased its position in shares of SpartanNash by 28.4% during the fourth quarter. Advisor Group Inc. now owns 3,213 shares of the company’s stock valued at $55,000 after acquiring an additional 711 shares during the last quarter. United Services Automobile Association increased its position in shares of SpartanNash by 7.0% during the fourth quarter. United Services Automobile Association now owns 13,345 shares of the company’s stock valued at $229,000 after acquiring an additional 876 shares during the last quarter. Finally, Texas Permanent School Fund increased its position in shares of SpartanNash by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 23,519 shares of the company’s stock valued at $404,000 after acquiring an additional 910 shares during the last quarter. Institutional investors and hedge funds own 83.52% of the company’s stock.

SpartanNash Company Profile

SpartanNash Co engages in the distribution of grocery products to military commissaries in the U.S. It operates through the following segments: Military, Food Distribution, and Retail. The Military segment sells and distributes grocery products primarily to U.S. military commissaries and exchanges. The Food Distribution segment distributes groceries to independent and corporate owned grocery retailers using multi-platform sales approach.

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Analyst Recommendations for SpartanNash (NASDAQ:SPTN)

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