SpartanNash (SPTN) Updates FY19 Earnings Guidance

SpartanNash (NASDAQ:SPTN) updated its FY19 earnings guidance on Monday. The company provided earnings per share guidance of $1.20-1.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.27. SpartanNash also updated its FY 2019 guidance to $1.20-1.50 EPS.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of SpartanNash from a sell rating to a hold rating in a research report on Wednesday, May 1st. Barclays decreased their price objective on shares of SpartanNash from $15.00 to $13.00 and set an underweight rating on the stock in a research report on Tuesday. BidaskClub lowered shares of SpartanNash from a buy rating to a hold rating in a research report on Tuesday, April 30th. ValuEngine lowered shares of SpartanNash from a sell rating to a strong sell rating in a research report on Friday, February 22nd. Finally, Pivotal Research restated a sell rating and issued a $12.00 target price (down from $14.00) on shares of SpartanNash in a report on Thursday, February 21st. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $20.17.

NASDAQ:SPTN opened at $13.88 on Wednesday. The stock has a market capitalization of $536.04 million, a price-to-earnings ratio of 7.42, a PEG ratio of 1.64 and a beta of 1.19. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.94 and a current ratio of 2.10. SpartanNash has a 12-month low of $13.34 and a 12-month high of $26.99.



SpartanNash (NASDAQ:SPTN) last released its earnings results on Monday, May 20th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.01. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.51 billion. SpartanNash had a net margin of 0.42% and a return on equity of 9.31%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. Analysts forecast that SpartanNash will post 1.3 earnings per share for the current year.

In other news, Director M Shan Atkins sold 4,676 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $15.88, for a total transaction of $74,254.88. Following the transaction, the director now directly owns 49,949 shares in the company, valued at approximately $793,190.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Yvonne R. Jackson sold 1,800 shares of the stock in a transaction dated Tuesday, March 5th. The stock was 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. Over the last 90 days, insiders sold 11,152 shares of company stock worth $188,845. 2.20% of the stock is owned by insiders.

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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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Earnings History and Estimates for SpartanNash (NASDAQ:SPTN)

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