SpartanNash (SPTN) Receives News Impact Rating of 0.19

News coverage about SpartanNash (NASDAQ:SPTN) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. SpartanNash earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.3614540572913 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

SpartanNash (SPTN) opened at $24.65 on Thursday. The stock has a market capitalization of $925.40, a price-to-earnings ratio of -12.26, a P/E/G ratio of 3.83 and a beta of 1.02. SpartanNash has a fifty-two week low of $18.56 and a fifty-two week high of $40.38. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.92.

SpartanNash (NASDAQ:SPTN) last released its earnings results on Wednesday, November 8th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.54. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.90 billion. SpartanNash had a positive return on equity of 10.35% and a negative net margin of 0.93%. SpartanNash’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. research analysts anticipate that SpartanNash will post 2.11 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were issued a $0.165 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.66 dividend on an annualized basis and a yield of 2.68%. SpartanNash’s dividend payout ratio (DPR) is presently -32.84%.

SpartanNash declared that its board has initiated a share buyback plan on Thursday, November 16th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Several research firms have recently commented on SPTN. Northcoast Research lowered SpartanNash from a “buy” rating to a “neutral” rating in a research report on Friday, January 5th. ValuEngine lowered SpartanNash from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Jefferies Group restated a “hold” rating and set a $25.00 price target on shares of SpartanNash in a research report on Monday, October 16th. BidaskClub upgraded SpartanNash from a “sell” rating to a “hold” rating in a research report on Saturday, December 2nd. Finally, Barclays lowered their price target on SpartanNash from $28.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $23.20.

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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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