Spartan Stores Inc. (SPTN) Expected to Post FY2016 Earnings of $2.14 Per Share
Spartan Stores Inc. (NASDAQ:SPTN) – Stock analysts at Jefferies Group issued their FY2016 earnings per share (EPS) estimates for shares of Spartan Stores in a research report issued to clients and investors on Thursday. Jefferies Group analyst C. Mandeville forecasts that the firm will earn $2.14 per share for the year. Jefferies Group has a “Hold” rating and a $27.00 price target on the stock. Jefferies Group also issued estimates for Spartan Stores’ Q4 2016 earnings at $0.49 EPS, Q1 2017 earnings at $0.56 EPS, Q2 2017 earnings at $0.65 EPS, Q3 2017 earnings at $0.58 EPS, Q4 2017 earnings at $0.57 EPS, FY2017 earnings at $2.36 EPS, FY2018 earnings at $2.50 EPS, FY2019 earnings at $2.67 EPS and FY2020 earnings at $2.68 EPS.
SPTN has been the topic of a number of other reports. Northcoast Research raised Spartan Stores from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 23rd. Zacks Investment Research downgraded Spartan Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Barclays PLC began coverage on Spartan Stores in a research report on Friday, September 23rd. They issued an “equal weight” rating and a $31.00 target price on the stock. Finally, Deutsche Bank AG set a $28.00 target price on Spartan Stores and gave the company a “hold” rating in a research report on Thursday, August 18th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Spartan Stores has a consensus rating of “Hold” and a consensus price target of $29.80.
Shares of Spartan Stores (NASDAQ:SPTN) opened at 36.89 on Monday. Spartan Stores has a 12-month low of $17.66 and a 12-month high of $37.81. The company has a market capitalization of $1.38 billion, a PE ratio of 22.91 and a beta of 0.87. The firm’s 50-day moving average price is $29.28 and its 200-day moving average price is $29.76.
Spartan Stores (NASDAQ:SPTN) last posted its quarterly earnings results on Wednesday, November 9th. The company reported $0.53 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.53. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Spartan Stores had a return on equity of 10.21% and a net margin of 0.79%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share.
A number of large investors have recently bought and sold shares of the stock. Martin & Co. Inc. TN raised its stake in Spartan Stores by 2.0% in the third quarter. Martin & Co. Inc. TN now owns 37,855 shares of the company’s stock valued at $1,095,000 after buying an additional 725 shares during the last quarter. Credit Suisse AG raised its stake in Spartan Stores by 2.5% in the third quarter. Credit Suisse AG now owns 88,854 shares of the company’s stock valued at $2,570,000 after buying an additional 2,142 shares during the last quarter. Cetera Advisor Networks LLC acquired a new stake in Spartan Stores during the third quarter valued at approximately $205,000. The Manufacturers Life Insurance Company acquired a new stake in Spartan Stores during the third quarter valued at approximately $723,000. Finally, UBS Group AG raised its stake in Spartan Stores by 5.0% in the third quarter. UBS Group AG now owns 61,721 shares of the company’s stock valued at $1,785,000 after buying an additional 2,958 shares during the last quarter. 87.91% of the stock is currently owned by institutional investors.
Spartan Stores Company Profile
Spartannash Company, formerly Spartan Stores, Inc, is a multi-regional grocery distributor and grocery retailer, and a distributor of grocery products to military commissaries in the United States. The Company’s core businesses include distributing food to military commissaries and exchanges, and independent and corporate-owned retail stores located in over 40 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain, Egypt, Honduras, Afghanistan and Bosnia.
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