FY2017 EPS Estimates for SpartanNash Company (SPTN) Lowered by Analyst
SpartanNash Company (NASDAQ:SPTN) – Investment analysts at Jefferies Group dropped their FY2017 EPS estimates for shares of SpartanNash in a report released on Friday. Jefferies Group analyst C. Mandeville now forecasts that the company will post earnings of $2.10 per share for the year, down from their prior estimate of $2.22. Jefferies Group has a “Hold” rating and a $25.00 price objective on the stock. Jefferies Group also issued estimates for SpartanNash’s Q4 2017 earnings at $0.41 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.54 EPS, Q4 2018 earnings at $0.48 EPS and FY2019 earnings at $2.41 EPS.
A number of other equities research analysts also recently weighed in on SPTN. Pivotal Research reissued a “sell” rating and set a $18.00 price target on shares of SpartanNash in a research note on Wednesday, November 8th. Barclays PLC dropped their price target on shares of SpartanNash from $28.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday. TheStreet downgraded shares of SpartanNash from a “b-” rating to a “c-” rating in a research note on Wednesday, November 8th. Deutsche Bank AG lowered their target price on shares of SpartanNash from $40.00 to $26.00 and set a “hold” rating for the company in a research note on Friday, August 18th. Finally, BidaskClub downgraded shares of SpartanNash from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $23.20.
Shares of SpartanNash (NASDAQ:SPTN) opened at $19.85 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.74 and a current ratio of 1.81. The firm has a market cap of $742.76, a P/E ratio of 9.05, a P/E/G ratio of 3.10 and a beta of 1.02. SpartanNash has a 12 month low of $18.56 and a 12 month high of $40.38.
SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.54 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.54. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.90 billion. SpartanNash had a negative net margin of 0.93% and a positive return on equity of 10.35%. SpartanNash’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share.
Large investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in SpartanNash by 21,712.5% in the first 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 in the last quarter. Martin & Co. Inc. TN increased its stake in SpartanNash by 106.3% in the second quarter. Martin & Co. Inc. TN now owns 70,265 shares of the company’s stock valued at $1,824,000 after purchasing an additional 36,200 shares in the last quarter. Northern Trust Corp increased its stake in SpartanNash by 10.0% in the second quarter. Northern Trust Corp now owns 797,462 shares of the company’s stock valued at $20,702,000 after purchasing an additional 72,318 shares in the last quarter. Legal & General Group Plc increased its stake in SpartanNash by 6.9% in the second quarter. Legal & General Group Plc now owns 102,064 shares of the company’s stock valued at $2,650,000 after purchasing an additional 6,599 shares in the last quarter. Finally, State Street Corp increased its stake in SpartanNash by 5.6% in the second quarter. State Street Corp now owns 1,065,210 shares of the company’s stock valued at $27,654,000 after purchasing an additional 56,359 shares in the last quarter. 88.48% 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.
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