SpartanNash Company (NASDAQ:SPTN) – Equities research analysts at Jefferies Group decreased their FY2017 earnings estimates for SpartanNash in a research note issued on Friday. Jefferies Group analyst C. Mandeville now forecasts that the company will earn $2.10 per share for the year, down from their previous forecast of $2.22. Jefferies Group currently has a “Hold” rating and a $25.00 target price on the stock. Jefferies Group also issued estimates for SpartanNash’s Q4 2017 earnings at $0.41 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.54 EPS, Q4 2018 earnings at $0.48 EPS and FY2019 earnings at $2.41 EPS.
SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.54 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. SpartanNash had a positive return on equity of 10.35% and a negative net margin of 0.93%. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis.
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SPTN has been the topic of several other reports. Zacks Investment Research cut shares of SpartanNash from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Pivotal Research set a $20.00 price objective on shares of SpartanNash and gave the stock a “sell” rating in a research report on Tuesday, August 15th. Deutsche Bank AG decreased their price objective on shares of SpartanNash from $40.00 to $26.00 and set a “hold” rating on the stock in a research report on Friday, August 18th. BMO Capital Markets assumed coverage on shares of SpartanNash in a research report on Tuesday, September 12th. They issued a “market perform” rating and a $25.00 price objective on the stock. Finally, BidaskClub cut shares of SpartanNash from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.20.
Shares of SpartanNash (NASDAQ:SPTN) opened at $21.09 on Monday. SpartanNash has a 52-week low of $18.56 and a 52-week high of $40.38. The firm has a market capitalization of $769.38, a PE ratio of 9.05, a PEG ratio of 3.10 and a beta of 1.02. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.92.
Several hedge funds have recently bought and sold shares of SPTN. BlackRock Inc. increased its position in shares of SpartanNash by 21,712.5% in the first quarter. BlackRock Inc. now owns 4,785,883 shares of the company’s stock worth $167,458,000 after purchasing an additional 4,763,942 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in SpartanNash in the third quarter worth approximately $20,161,000. Bank of New York Mellon Corp boosted its stake in SpartanNash by 71.7% in the second quarter. Bank of New York Mellon Corp now owns 1,000,318 shares of the company’s stock worth $25,968,000 after buying an additional 417,765 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in SpartanNash by 105.1% in the second quarter. Thrivent Financial For Lutherans now owns 529,376 shares of the company’s stock worth $13,743,000 after buying an additional 271,266 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in SpartanNash by 10.0% in the first quarter. Vanguard Group Inc. now owns 2,544,312 shares of the company’s stock worth $89,025,000 after buying an additional 230,533 shares in the last quarter. Institutional investors own 88.48% of the company’s stock.
SpartanNash 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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