SpartanNash (NASDAQ:SPTN) posted its quarterly earnings data on Wednesday. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.09), Briefing.com reports. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. SpartanNash had a return on equity of 7.07% and a net margin of 0.05%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 EPS.
Shares of NASDAQ SPTN opened at $11.95 on Friday. The business has a 50 day simple moving average of $12.55 and a 200 day simple moving average of $12.32. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.75 and a current ratio of 1.76. The stock has a market cap of $508.32 million, a price-to-earnings ratio of 6.39, a PEG ratio of 1.55 and a beta of 1.38. SpartanNash has a 52 week low of $8.82 and a 52 week high of $22.49.
Several equities research analysts recently weighed in on SPTN shares. Barclays reduced their price objective on shares of SpartanNash from $13.00 to $8.00 and set an “underweight” rating for the company in a report on Tuesday, August 13th. BMO Capital Markets cut SpartanNash from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $13.00 to $8.00 in a research note on Friday, August 2nd. Zacks Investment Research cut SpartanNash from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. ValuEngine cut SpartanNash from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Pivotal Research raised SpartanNash from a “sell” rating to a “hold” rating and lowered their price target for the company from $10.00 to $9.00 in a research note on Thursday, August 15th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. SpartanNash currently has a consensus rating of “Hold” and a consensus target price of $13.00.
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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