SpartanNash (SPTN) to Release Earnings on Thursday

SpartanNash (NASDAQ:SPTNGet Free Report) is scheduled to release its earnings data before the market opens on Thursday, May 30th. Analysts expect SpartanNash to post earnings of $0.52 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

SpartanNash Stock Up 0.4 %

SPTN stock opened at $20.73 on Thursday. SpartanNash has a fifty-two week low of $18.57 and a fifty-two week high of $24.51. The business’s 50 day moving average price is $19.71 and its two-hundred day moving average price is $21.35. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.76 and a current ratio of 1.63. The company has a market capitalization of $714.46 million, a price-to-earnings ratio of 13.82 and a beta of 0.53.

SpartanNash Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.2175 per share. This is an increase from SpartanNash’s previous quarterly dividend of $0.14. The ex-dividend date was Wednesday, March 13th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.20%. SpartanNash’s dividend payout ratio is 58.00%.

Wall Street Analyst Weigh In

SPTN has been the topic of a number of research analyst reports. TheStreet upgraded SpartanNash from a “c+” rating to a “b” rating in a report on Thursday, February 15th. StockNews.com downgraded SpartanNash from a “buy” rating to a “hold” rating in a report on Monday, February 19th.

Read Our Latest Stock Analysis on SPTN

Insider Transactions at SpartanNash

In other news, Director William R. Voss sold 16,439 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $19.84, for a total value of $326,149.76. Following the sale, the director now directly owns 15,248 shares of the company’s stock, valued at approximately $302,520.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

About SpartanNash

(Get Free Report)

SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including 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 pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.

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Earnings History for SpartanNash (NASDAQ:SPTN)

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