Shares of SpartanNash Co (NASDAQ:SPTN) have been given a consensus rating of Hold by the ten research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $21.80.
Several analysts recently commented on SPTN shares. Pivotal Research reissued a sell rating and set a $15.00 target price on shares of SpartanNash in a research note on Friday, May 25th. BidaskClub lowered shares of SpartanNash from a sell rating to a strong sell rating in a research note on Saturday, May 5th. Barclays increased their target price on shares of SpartanNash from $17.00 to $23.00 and gave the company an equal weight rating in a research note on Thursday, May 31st. ValuEngine raised shares of SpartanNash from a strong sell rating to a sell rating in a research note on Saturday, June 16th. Finally, Zacks Investment Research raised shares of SpartanNash from a hold rating to a buy rating and set a $21.00 target price for the company in a research note on Tuesday, May 1st.
SPTN stock traded up $0.52 on Tuesday, hitting $26.49. 172,215 shares of the companys stock traded hands, compared to its average volume of 282,907. SpartanNash has a 1-year low of $16.32 and a 1-year high of $28.17. The firm has a market cap of $951.57 million, a PE ratio of 12.61, a P/E/G ratio of 1.96 and a beta of 1.22. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.12 and a quick ratio of 0.88.
SpartanNash (NASDAQ:SPTN) last released its earnings results on Tuesday, May 29th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. SpartanNash had a negative net margin of 0.68% and a positive return on equity of 10.44%. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same period in the prior year, the business earned $0.55 earnings per share. The businesss quarterly revenue was up 1.3% on a year-over-year basis. sell-side analysts expect that SpartanNash will post 2.26 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 29th. Investors of record on Friday, June 15th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, June 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.72%. SpartanNashs dividend payout ratio (DPR) is presently 34.29%.
In related news, insider Kathleen M. Mahoney sold 10,000 shares of the companys stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $26.50, for a total value of $265,000.00. Following the completion of the sale, the insider now owns 59,451 shares in the company, valued at approximately $1,575,451.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David M. Staples sold 3,989 shares of the companys stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $23.00, for a total transaction of $91,747.00. Following the completion of the sale, the chief executive officer now owns 174,760 shares of the companys stock, valued at approximately $4,019,480. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,096 shares of company stock valued at $1,753,571. 3.00% of the stock is owned by insiders.
Several large investors have recently modified their holdings of SPTN. Swiss National Bank increased its stake in SpartanNash by 5.4% in the 1st quarter. Swiss National Bank now owns 64,880 shares of the companys stock valued at $1,117,000 after buying an additional 3,300 shares during the period. Aperio Group LLC increased its stake in SpartanNash by 22.7% in the 1st quarter. Aperio Group LLC now owns 18,324 shares of the companys stock valued at $315,000 after buying an additional 3,390 shares during the period. Vident Investment Advisory LLC increased its stake in SpartanNash by 9.9% in the 4th quarter. Vident Investment Advisory LLC now owns 44,430 shares of the companys stock valued at $1,185,000 after buying an additional 4,008 shares during the period. Assetmark Inc. increased its stake in SpartanNash by 38.7% in the 1st quarter. Assetmark Inc. now owns 17,975 shares of the companys stock valued at $309,000 after buying an additional 5,018 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in SpartanNash by 28.7% in the 4th quarter. UBS Asset Management Americas Inc. now owns 28,740 shares of the companys stock valued at $767,000 after buying an additional 6,415 shares during the period. Institutional investors and hedge funds own 83.91% of the companys stock.
This article provided by NewsEdge.