SpartanNash Company (NASDAQ:SPTN) – Research analysts at Jefferies Group reduced their FY2021 earnings per share estimates for shares of SpartanNash in a report released on Monday. Jefferies Group analyst C. Mandeville now anticipates that the company will post earnings of $2.47 per share for the year, down from their previous forecast of $2.51. Jefferies Group currently has a “Hold” rating and a $25.00 target price on the stock.

SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings data on Wednesday, August 16th. The company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. SpartanNash had a net margin of 0.83% and a return on equity of 10.00%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the business posted $0.58 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year.

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SPTN has been the subject of several other reports. BidaskClub raised shares of SpartanNash from a “sell” rating to a “hold” rating in a report on Monday, July 31st. ValuEngine raised shares of SpartanNash from a “hold” rating to a “buy” rating in a report on Monday, July 17th. BMO Capital Markets assumed coverage on shares of SpartanNash in a report on Tuesday. They set a “market perform” rating and a $25.00 price objective for the company. Zacks Investment Research raised shares of SpartanNash from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $28.00 price objective (down from $36.00) on shares of SpartanNash in a report on Friday, July 14th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $27.50.

Shares of SpartanNash (NASDAQ:SPTN) traded up 2.26% during trading on Wednesday, reaching $24.44. 218,685 shares of the company’s stock were exchanged. SpartanNash has a 52-week low of $22.90 and a 52-week high of $40.38. The firm has a market capitalization of $910.88 million, a P/E ratio of 14.02 and a beta of 1.06. The company has a 50 day moving average of $25.52 and a 200 day moving average of $30.43.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Thursday, September 14th. SpartanNash’s dividend payout ratio (DPR) is presently 37.93%.

In other SpartanNash news, Director M Shan Atkins sold 2,000 shares of the stock in a transaction on Monday, June 19th. The shares were sold at an average price of $27.69, for a total value of $55,380.00. Following the completion of the sale, the director now directly owns 32,425 shares of the company’s stock, valued at approximately $897,848.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in SpartanNash by 21,712.5% in the 1st quarter. BlackRock Inc. now owns 4,785,883 shares of the company’s stock valued at $167,458,000 after purchasing an additional 4,763,942 shares during the period. Gotham Asset Management LLC raised its stake in shares of SpartanNash by 16.9% in the 1st quarter. Gotham Asset Management LLC now owns 172,430 shares of the company’s stock valued at $6,033,000 after buying an additional 24,931 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of SpartanNash by 119.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 22,527 shares of the company’s stock valued at $788,000 after buying an additional 12,246 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of SpartanNash by 5.0% in the 1st quarter. Bank of New York Mellon Corp now owns 582,553 shares of the company’s stock valued at $20,384,000 after buying an additional 27,757 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of SpartanNash by 21.1% in the 1st quarter. US Bancorp DE now owns 5,540 shares of the company’s stock valued at $194,000 after buying an additional 965 shares in the last quarter. 88.24% of the stock is owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for SpartanNash (NASDAQ:SPTN)

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