Research Analysts’ Recent Ratings Updates for SpartanNash (SPTN)

SpartanNash (NASDAQ: SPTN) has recently received a number of price target changes and ratings updates:

  • 6/11/2019 – SpartanNash had its “sell” rating reaffirmed by analysts at Pivotal Research. They now have a $10.00 price target on the stock, down previously from $12.00.
  • 6/5/2019 – SpartanNash was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 5/28/2019 – SpartanNash was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 5/24/2019 – SpartanNash was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 5/23/2019 – SpartanNash was given a new $13.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 5/21/2019 – SpartanNash had its price target lowered by analysts at Barclays PLC from $15.00 to $13.00. They now have an “underweight” rating on the stock.
  • 5/7/2019 – SpartanNash was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “SpartanNash Co. is a food distributor serving military commissaries and exchanges in the United States. The company’s core businesses include distributing food to military commissaries and exchanges and independent and corporate-owned retail stores located in 44 states and the District of Columbia, Europe, Cuba, Puerto Rico, the Azores, Bahrain and Egypt. It operates supermarkets, primarily under the banners of Family Fare Supermarkets, No Frills, Bag ‘n Save and Econofoods. SpartanNash Co., formerly known as Spartan Stores, Inc., is headquartered in United States. “
  • 5/1/2019 – SpartanNash was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “SpartanNash Co. is a food distributor serving military commissaries and exchanges in the United States. The company’s core businesses include distributing food to military commissaries and exchanges and independent and corporate-owned retail stores located in 44 states and the District of Columbia, Europe, Cuba, Puerto Rico, the Azores, Bahrain and Egypt. It operates supermarkets, primarily under the banners of Family Fare Supermarkets, No Frills, Bag ‘n Save and Econofoods. SpartanNash Co., formerly known as Spartan Stores, Inc., is headquartered in United States. “
  • 4/30/2019 – SpartanNash was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of SpartanNash stock opened at $11.55 on Wednesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.82 and a current ratio of 1.90. The company has a market capitalization of $429.55 million, a price-to-earnings ratio of 6.18, a P/E/G ratio of 1.26 and a beta of 1.38. SpartanNash Co has a one year low of $11.12 and a one year high of $26.50.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings results on Monday, May 20th. The company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.51 billion. SpartanNash had a return on equity of 7.77% and a net margin of 0.35%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 EPS. As a group, equities analysts expect that SpartanNash Co will post 1.35 EPS for the current fiscal year.



The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.19 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.58%. SpartanNash’s dividend payout ratio is currently 40.64%.

In other news, Director M Shan Atkins sold 4,676 shares of SpartanNash stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $15.88, for a total value of $74,254.88. Following the sale, the director now directly owns 49,949 shares in the company, valued at approximately $793,190.12. The sale was disclosed in a filing with the SEC, which is available through this link. 2.20% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Thrivent Financial for Lutherans grew its position in shares of SpartanNash by 0.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 113,666 shares of the company’s stock worth $1,952,000 after buying an additional 564 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of SpartanNash by 77.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,588 shares of the company’s stock worth $27,000 after buying an additional 692 shares during the last quarter. Advisor Group Inc. grew its position in shares of SpartanNash by 28.4% in the 4th quarter. Advisor Group Inc. now owns 3,213 shares of the company’s stock worth $55,000 after buying an additional 711 shares during the last quarter. United Services Automobile Association grew its position in shares of SpartanNash by 7.0% in the 4th quarter. United Services Automobile Association now owns 13,345 shares of the company’s stock worth $229,000 after buying an additional 876 shares during the last quarter. Finally, Texas Permanent School Fund grew its position in shares of SpartanNash by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 24,411 shares of the company’s stock worth $387,000 after buying an additional 892 shares during the last quarter. Hedge funds and other institutional investors own 83.94% of the company’s stock.

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.

Featured Story: What is the Federal Reserve?

Receive News & Ratings for SpartanNash Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SpartanNash Co and related companies with MarketBeat.com's FREE daily email newsletter.