Brokerages Anticipate SpartanNash Co (NASDAQ:SPTN) Will Post Quarterly Sales of $2.00 Billion

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Analysts predict that SpartanNash Co (NASDAQ:SPTN) will announce sales of $2.00 billion for the current quarter, according to Zacks. Two analysts have made estimates for SpartanNash’s earnings, with the highest sales estimate coming in at $2.01 billion and the lowest estimate coming in at $1.99 billion. SpartanNash reported sales of $1.90 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.3%. The firm is scheduled to report its next quarterly earnings report on Wednesday, February 19th.

According to Zacks, analysts expect that SpartanNash will report full year sales of $8.53 billion for the current year, with estimates ranging from $8.51 billion to $8.55 billion. For the next year, analysts forecast that the business will report sales of $8.84 billion, with estimates ranging from $8.83 billion to $8.85 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for SpartanNash.

SpartanNash (NASDAQ:SPTN) last issued its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.09). SpartanNash had a return on equity of 7.07% and a net margin of 0.05%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the company earned $0.50 EPS. SpartanNash’s revenue for the quarter was up 6.0% on a year-over-year basis.

A number of brokerages have issued reports on SPTN. TheStreet cut SpartanNash from a “c” rating to a “d+” rating in a report on Wednesday, August 14th. Zacks Investment Research cut SpartanNash from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. BMO Capital Markets lowered SpartanNash from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $13.00 to $8.00 in a research report on Friday, August 2nd. Pivotal Research upgraded SpartanNash from a “sell” rating to a “hold” rating and reduced their price target for the company from $10.00 to $9.00 in a research report on Thursday, August 15th. Finally, Barclays reduced their price target on SpartanNash from $13.00 to $8.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 13th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $13.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPTN. Advisory Services Network LLC bought a new stake in shares of SpartanNash in the 2nd quarter valued at about $35,000. Glen Harbor Capital Management LLC grew its position in shares of SpartanNash by 14.3% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 8,736 shares of the company’s stock valued at $102,000 after buying an additional 1,092 shares during the last quarter. Elkfork Partners LLC grew its position in shares of SpartanNash by 14.3% in the 2nd quarter. Elkfork Partners LLC now owns 10,608 shares of the company’s stock valued at $124,000 after buying an additional 1,326 shares during the last quarter. Bowling Portfolio Management LLC bought a new stake in shares of SpartanNash in the 2nd quarter valued at about $135,000. Finally, Alberta Investment Management Corp bought a new stake in shares of SpartanNash in the 2nd quarter valued at about $155,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Shares of SPTN opened at $11.95 on Friday. SpartanNash has a 12-month low of $8.82 and a 12-month high of $22.49. The business has a 50-day simple moving average of $12.55 and a two-hundred day simple moving average of $12.32. The company has a quick ratio of 0.75, a current ratio of 1.76 and a debt-to-equity ratio of 1.40. The stock has a market cap of $508.32 million, a PE ratio of 6.39, a PEG ratio of 1.55 and a beta of 1.38.

About SpartanNash

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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