SpartanNash Company (SPTN) PT Set at $25.00 by Jefferies Group LLC
Jefferies Group LLC set a $25.00 price target on SpartanNash Company (NASDAQ:SPTN) in a research note published on Monday. The brokerage currently has a hold rating on the stock. Jefferies Group also issued estimates for SpartanNash’s Q1 2018 earnings at $0.57 EPS, Q2 2018 earnings at $0.62 EPS, Q3 2018 earnings at $0.55 EPS, FY2018 earnings at $2.31 EPS, FY2019 earnings at $2.43 EPS, FY2020 earnings at $2.43 EPS and FY2021 earnings at $2.47 EPS.
A number of other equities analysts also recently commented on SPTN. Deutsche Bank AG cut their price objective on shares of SpartanNash from $40.00 to $26.00 and set a hold rating for the company in a research report on Friday, August 18th. BidaskClub downgraded shares of SpartanNash from a hold rating to a sell rating in a research report on Tuesday, August 8th. Pivotal Research set a $20.00 price objective on shares of SpartanNash and gave the stock a sell rating in a research report on Tuesday, August 15th. Zacks Investment Research downgraded shares of SpartanNash from a hold rating to a sell rating in a research report on Saturday, August 19th. Finally, Barclays PLC restated an equal weight rating and set a $28.00 price objective (down previously from $36.00) on shares of SpartanNash in a research report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. SpartanNash has an average rating of Hold and a consensus target price of $27.50.
SpartanNash (NASDAQ SPTN) opened at 24.39 on Monday. The stock has a market cap of $909.02 million, a PE ratio of 13.99 and a beta of 1.06. The firm has a 50-day moving average of $25.34 and a 200-day moving average of $30.34. SpartanNash has a 12-month low of $22.90 and a 12-month high of $40.38.
SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings data on Wednesday, August 16th. The company reported $0.60 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.60. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.96 billion. SpartanNash had a net margin of 0.83% and a return on equity of 10.00%. SpartanNash’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.58 EPS. Equities analysts predict that SpartanNash will post $2.23 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.71%. SpartanNash’s dividend payout ratio is presently 37.93%.
In other news, Director M Shan Atkins sold 2,000 shares of the stock in a transaction dated 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 transaction, the director now owns 32,425 shares in the company, valued at approximately $897,848.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.00% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Alpha Windward LLC increased its holdings in shares of SpartanNash by 1.4% in the 2nd quarter. Alpha Windward LLC now owns 12,600 shares of the company’s stock valued at $327,000 after purchasing an additional 180 shares in the last quarter. Suntrust Banks Inc. increased its holdings in shares of SpartanNash by 1.8% in the 2nd quarter. Suntrust Banks Inc. now owns 10,259 shares of the company’s stock valued at $266,000 after purchasing an additional 183 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of SpartanNash by 1.3% in the 1st quarter. Louisiana State Employees Retirement System now owns 15,260 shares of the company’s stock valued at $534,000 after purchasing an additional 200 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of SpartanNash by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 19,760 shares of the company’s stock valued at $513,000 after purchasing an additional 200 shares in the last quarter. Finally, Comerica Bank increased its holdings in shares of SpartanNash by 0.3% in the 2nd quarter. Comerica Bank now owns 81,958 shares of the company’s stock valued at $2,180,000 after purchasing an additional 208 shares in the last quarter. Institutional investors and hedge funds own 88.24% of the company’s stock.
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.
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