SpartanNash (NASDAQ:SPTN) Given Media Impact Score of 0.19

Media coverage about SpartanNash (NASDAQ:SPTN) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. SpartanNash earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.3614540572913 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

A number of research firms recently commented on SPTN. ValuEngine downgraded shares of SpartanNash from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Northcoast Research downgraded shares of SpartanNash from a “buy” rating to a “neutral” rating in a research note on Friday, January 5th. BidaskClub upgraded shares of SpartanNash from a “sell” rating to a “hold” rating in a research note on Saturday, December 2nd. Jefferies Group reiterated a “hold” rating and issued a $25.00 target price on shares of SpartanNash in a research note on Monday, October 16th. Finally, Pivotal Research reiterated a “sell” rating and issued a $18.00 target price on shares of SpartanNash in a research note on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. SpartanNash currently has an average rating of “Hold” and a consensus target price of $23.20.

SpartanNash (NASDAQ SPTN) opened at $24.84 on Thursday. SpartanNash has a fifty-two week low of $18.56 and a fifty-two week high of $39.67. The company has a market cap of $900.63, a P/E ratio of -12.30, a PEG ratio of 1.86 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.

SpartanNash (NASDAQ:SPTN) last announced its earnings results on Wednesday, November 8th. The company reported $0.54 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.90 billion. SpartanNash had a negative net margin of 0.93% and a positive return on equity of 10.35%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. research analysts predict that SpartanNash will post 2.11 EPS for the current fiscal year.

SpartanNash declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 16th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were paid a $0.165 dividend. The ex-dividend date was Thursday, December 7th. This represents a $0.66 dividend on an annualized basis and a yield of 2.66%. SpartanNash’s dividend payout ratio (DPR) is -32.67%.

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About SpartanNash

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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