SpartanNash (NASDAQ:SPTN) Trading Up 5.6%

SpartanNash Co (NASDAQ:SPTN)’s share price traded up 5.6% during trading on Tuesday . The stock traded as high as $11.68 and last traded at $11.50. 456,853 shares were traded during trading, an increase of 80% from the average session volume of 253,125 shares. The stock had previously closed at $10.89.

A number of research analysts recently weighed in on the company. Barclays lowered SpartanNash from an “equal weight” rating to an “underweight” rating in a report on Tuesday, March 12th. BidaskClub lowered SpartanNash from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 7th. ValuEngine lowered SpartanNash from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Zacks Investment Research lowered SpartanNash from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. Finally, BMO Capital Markets set a $13.00 price objective on SpartanNash and gave the stock a “hold” rating in a report on Thursday, May 23rd. Five research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $16.00.

The stock has a fifty day simple moving average of $12.73. The firm has a market capitalization of $417.61 million, a PE ratio of 6.13, a price-to-earnings-growth ratio of 1.22 and a beta of 1.38. The company has a current ratio of 1.90, a quick ratio of 0.82 and a debt-to-equity ratio of 1.49.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings data on Monday, May 20th. The company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. SpartanNash had a return on equity of 7.77% and a net margin of 0.35%. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. SpartanNash’s quarterly revenue was up 6.6% on a year-over-year basis. On average, sell-side analysts anticipate that SpartanNash Co will post 1.35 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 6.63%. The ex-dividend date of this dividend is Thursday, June 13th. SpartanNash’s dividend payout ratio (DPR) is 40.64%.

Institutional investors have recently bought and sold shares of the business. Quantamental Technologies LLC grew its holdings in SpartanNash by 35.5% in the first quarter. Quantamental Technologies LLC now owns 3,859 shares of the company’s stock valued at $61,000 after purchasing an additional 1,011 shares during the last quarter. Convergence Investment Partners LLC acquired a new stake in SpartanNash in the fourth quarter valued at $316,000. PNC Financial Services Group Inc. grew its holdings in SpartanNash by 77.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,588 shares of the company’s stock valued at $27,000 after purchasing an additional 692 shares during the last quarter. Foundry Partners LLC grew its holdings in SpartanNash by 42.0% in the first quarter. Foundry Partners LLC now owns 258,425 shares of the company’s stock valued at $4,101,000 after purchasing an additional 76,425 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in SpartanNash by 9.0% in the fourth quarter. Prudential Financial Inc. now owns 592,165 shares of the company’s stock valued at $10,174,000 after purchasing an additional 48,848 shares during the last quarter. 83.94% of the stock is currently owned by institutional investors.

About SpartanNash (NASDAQ:SPTN)

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.

Featured Article: What is the price-sales ratio?

Receive News & Ratings for SpartanNash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SpartanNash and related companies with MarketBeat.com's FREE daily email newsletter.