SpartanNash Co (SPTN) Receives $20.00 Consensus Price Target from Analysts

SpartanNash Co (NASDAQ:SPTN) has earned a consensus recommendation of “Hold” from the nine analysts that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $20.00.

Several brokerages have recently weighed in on SPTN. BidaskClub upgraded shares of SpartanNash from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 15th. ValuEngine upgraded shares of SpartanNash from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Zacks Investment Research upgraded shares of SpartanNash from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Royal Bank of Canada began coverage on shares of SpartanNash in a research note on Thursday, January 10th. They issued an “outperform” rating and a $25.00 target price for the company. Finally, Barclays restated a “hold” rating and issued a $20.00 target price on shares of SpartanNash in a research note on Wednesday, January 9th.

SPTN opened at $16.17 on Friday. The company has a quick ratio of 0.94, a current ratio of 2.10 and a debt-to-equity ratio of 0.95. SpartanNash has a 52-week low of $16.08 and a 52-week high of $26.99. The company has a market cap of $598.24 million, a price-to-earnings ratio of 8.65, a price-to-earnings-growth ratio of 1.88 and a beta of 1.23.



SpartanNash (NASDAQ:SPTN) last announced its earnings results on Wednesday, February 20th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.07). The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.93 billion. SpartanNash had a net margin of 0.42% and a return on equity of 9.31%. SpartanNash’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share. On average, research analysts predict that SpartanNash will post 1.77 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.70%. This is an increase from SpartanNash’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, March 14th. SpartanNash’s dividend payout ratio is 38.50%.

In other SpartanNash news, Director Elizabeth A. Nickels sold 4,676 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $17.45, for a total transaction of $81,596.20. Following the transaction, the director now directly owns 42,493 shares in the company, valued at approximately $741,502.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Yvonne R. Jackson sold 1,800 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $18.33, for a total transaction of $32,994.00. Following the transaction, the director now owns 33,081 shares in the company, valued at $606,374.73. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in SpartanNash by 2.3% during the 4th quarter. BlackRock Inc. now owns 5,384,860 shares of the company’s stock valued at $92,511,000 after acquiring an additional 121,694 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of SpartanNash by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,019,692 shares of the company’s stock worth $60,575,000 after purchasing an additional 31,265 shares during the period. Vanguard Group Inc. raised its holdings in shares of SpartanNash by 1.3% during the third quarter. Vanguard Group Inc. now owns 2,309,338 shares of the company’s stock worth $46,324,000 after purchasing an additional 29,971 shares during the period. Vanguard Group Inc raised its holdings in shares of SpartanNash by 1.3% during the third quarter. Vanguard Group Inc now owns 2,309,338 shares of the company’s stock worth $46,324,000 after purchasing an additional 29,971 shares during the period. Finally, LSV Asset Management raised its holdings in shares of SpartanNash by 7.8% during the third quarter. LSV Asset Management now owns 1,741,497 shares of the company’s stock worth $34,934,000 after purchasing an additional 126,101 shares during the period. Hedge funds and other institutional investors own 84.41% of the company’s stock.

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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