Equities research analysts expect SpartanNash Company (NASDAQ:SPTN) to announce $1.97 billion in sales for the current quarter, Zacks reports. Two analysts have made estimates for SpartanNash Company’s earnings, with estimates ranging from $1.96 billion to $1.99 billion. SpartanNash Company reported sales of $1.83 billion during the same quarter last year, which would suggest a positive year over year growth rate of 7.7%. The company is expected to issue its next earnings report on Wednesday, August 16th.
According to Zacks, analysts expect that SpartanNash Company will report full-year sales of $1.97 billion for the current financial year, with estimates ranging from $8.26 billion to $8.31 billion. For the next year, analysts expect that the company will post sales of $8.42 billion per share, with estimates ranging from $8.38 billion to $8.46 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for SpartanNash Company.
SpartanNash Company (NASDAQ:SPTN) last announced its earnings results on Wednesday, May 24th. The company reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.46 billion. SpartanNash Company had a return on equity of 10.03% and a net margin of 0.79%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS.
Several research firms recently commented on SPTN. Zacks Investment Research cut SpartanNash Company from a “hold” rating to a “sell” rating in a report on Tuesday, March 28th. BidaskClub cut SpartanNash Company from a “hold” rating to a “sell” rating in a report on Monday. ValuEngine cut SpartanNash Company from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC set a $35.00 price target on SpartanNash Company and gave the company a “hold” rating in a report on Wednesday, June 14th. Finally, Pivotal Research cut their price target on SpartanNash Company from $40.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, May 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.00.
In other SpartanNash Company news, EVP Lawrence R. Pierce sold 2,745 shares of the firm’s stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $33.19, for a total transaction of $91,106.55. Following the completion of the sale, the executive vice president now owns 32,719 shares of the company’s stock, valued at $1,085,943.61. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director M Shan Atkins sold 2,000 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $30.01, for a total value of $60,020.00. Following the sale, the director now directly owns 35,425 shares of the company’s stock, valued at approximately $1,063,104.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,816 shares of company stock valued at $2,499,732. 3.00% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new stake in SpartanNash Company during the first quarter valued at about $112,000. Huntington National Bank boosted its stake in SpartanNash Company by 3.8% in the first quarter. Huntington National Bank now owns 3,254 shares of the company’s stock valued at $114,000 after buying an additional 120 shares during the period. Elkfork Partners LLC acquired a new stake in SpartanNash Company during the fourth quarter valued at about $141,000. Victory Capital Management Inc. boosted its stake in SpartanNash Company by 55.8% in the first quarter. Victory Capital Management Inc. now owns 3,985 shares of the company’s stock valued at $139,000 after buying an additional 1,427 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in SpartanNash Company by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 4,140 shares of the company’s stock valued at $144,000 after buying an additional 80 shares during the period. 88.30% of the stock is owned by institutional investors.
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Shares of SpartanNash Company (NASDAQ:SPTN) traded down 3.74% during trading on Friday, hitting $26.50. The stock had a trading volume of 126,953 shares. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 16.10 and a beta of 1.00. The firm’s 50-day moving average is $33.32 and its 200 day moving average is $35.86. SpartanNash Company has a 52-week low of $26.25 and a 52-week high of $40.38.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $0.66 annualized dividend and a yield of 2.40%. SpartanNash Company’s dividend payout ratio (DPR) is 40.00%.
SpartanNash Company Company Profile
SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries.
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