SpartanNash Co (NASDAQ:SPTN) – Stock analysts at Northcoast Research decreased their FY2019 earnings per share estimates for SpartanNash in a research note issued on Wednesday, November 13th. Northcoast Research analyst C. Cerankosky now expects that the company will post earnings of $1.24 per share for the year, down from their prior estimate of $1.32. Northcoast Research also issued estimates for SpartanNash’s Q4 2019 earnings at $0.36 EPS.
Several other research analysts also recently commented on the company. TheStreet downgraded SpartanNash from a “c” rating to a “d+” rating in a report on Wednesday, August 14th. BidaskClub downgraded SpartanNash from a “hold” rating to a “sell” rating in a report on Friday, November 1st. BMO Capital Markets cut shares of SpartanNash from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $13.00 to $8.00 in a research report on Friday, August 2nd. ValuEngine upgraded shares of SpartanNash from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Barclays dropped their price objective on shares of SpartanNash from $13.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, August 13th. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. SpartanNash currently has a consensus rating of “Hold” and an average target price of $13.00.
Shares of SPTN opened at $12.58 on Friday. The company has a market capitalization of $441.08 million, a P/E ratio of 10.11, a PEG ratio of 1.39 and a beta of 1.38. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.72 and a quick ratio of 0.74. SpartanNash has a one year low of $8.82 and a one year high of $22.49. The business’s 50 day simple moving average is $12.56 and its 200-day simple moving average is $12.20.
SpartanNash (NASDAQ:SPTN) last announced its earnings results on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.09). The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. SpartanNash had a positive return on equity of 6.18% and a negative net margin of 0.16%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 earnings per share.
A number of hedge funds have recently bought and sold shares of SPTN. Advisory Services Network LLC bought a new position in SpartanNash in the 2nd quarter worth approximately $35,000. Glen Harbor Capital Management LLC raised its position in SpartanNash by 14.3% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 8,736 shares of the company’s stock worth $102,000 after purchasing an additional 1,092 shares during the last quarter. Elkfork Partners LLC raised its position in shares of SpartanNash by 14.3% during the 2nd quarter. Elkfork Partners LLC now owns 10,608 shares of the company’s stock valued at $124,000 after acquiring an additional 1,326 shares during the last quarter. Bowling Portfolio Management LLC bought a new stake in shares of SpartanNash during the 2nd quarter valued at $135,000. Finally, Alberta Investment Management Corp bought a new stake in shares of SpartanNash during the 2nd quarter valued at $155,000. Hedge funds and other institutional investors own 83.60% 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.
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