SpartanNash Co (SPTN) Expected to Announce Quarterly Sales of $2.51 Billion

Equities research analysts expect SpartanNash Co (NASDAQ:SPTN) to announce sales of $2.51 billion for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for SpartanNash’s earnings, with the lowest sales estimate coming in at $2.49 billion and the highest estimate coming in at $2.52 billion. SpartanNash reported sales of $2.39 billion during the same quarter last year, which indicates a positive year over year growth rate of 5%. The firm is scheduled to report its next quarterly earnings results before the market opens on Monday, May 20th.

On average, analysts expect that SpartanNash will report full year sales of $8.48 billion for the current year. For the next year, analysts forecast that the firm will post sales of $8.86 billion, with estimates ranging from $8.82 billion to $8.90 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for SpartanNash.

SpartanNash (NASDAQ:SPTN) last announced its earnings results on Wednesday, February 20th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.07). SpartanNash had a return on equity of 9.31% and a net margin of 0.42%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period last year, the firm earned $0.41 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year.

Several equities research analysts have issued reports on SPTN shares. BidaskClub cut shares of SpartanNash from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 7th. Zacks Investment Research raised shares of SpartanNash from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Pivotal Research reaffirmed a “sell” rating and set a $12.00 target price (down previously from $14.00) on shares of SpartanNash in a research note on Thursday, February 21st. ValuEngine cut shares of SpartanNash from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. Finally, Barclays cut shares of SpartanNash from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, March 12th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.33.

SPTN traded down $0.17 on Friday, hitting $15.21. 133,700 shares of the company’s stock were exchanged, compared to its average volume of 227,611. SpartanNash has a fifty-two week low of $14.33 and a fifty-two week high of $26.99. The company has a quick ratio of 0.94, a current ratio of 2.10 and a debt-to-equity ratio of 0.95. The stock has a market cap of $552.22 million, a PE ratio of 8.13, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19.

In other news, Director Elizabeth A. Nickels sold 4,676 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $17.45, for a total transaction of $81,596.20. Following the transaction, the director now owns 42,493 shares of the company’s stock, valued at approximately $741,502.85. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Yvonne R. Jackson sold 1,800 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $18.33, for a total transaction of $32,994.00. Following the transaction, the director now directly owns 33,081 shares in the company, valued at approximately $606,374.73. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,152 shares of company stock worth $188,845. 2.20% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in shares of SpartanNash by 77.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,588 shares of the company’s stock valued at $27,000 after acquiring an additional 692 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of SpartanNash during the 4th quarter valued at about $37,000. SEI Investments Co acquired a new position in shares of SpartanNash during the 1st quarter valued at about $48,000. Quantamental Technologies LLC acquired a new position in shares of SpartanNash during the 4th quarter valued at about $49,000. Finally, Advisor Group Inc. boosted its position in shares of SpartanNash by 28.4% during the 4th quarter. Advisor Group Inc. now owns 3,213 shares of the company’s stock valued at $55,000 after acquiring an additional 711 shares during the last quarter. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

SpartanNash Company Profile

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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