SpartanNash Co (NASDAQ:SPTN) – Equities research analysts at Northcoast Research reduced their FY2018 EPS estimates for shares of SpartanNash in a research note issued to investors on Friday. Northcoast Research analyst C. Cerankosky now expects that the company will post earnings of $2.24 per share for the year, down from their previous estimate of $2.31. Northcoast Research currently has a “Neutral” rating on the stock.

SpartanNash (NASDAQ:SPTN) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. SpartanNash had a positive return on equity of 10.35% and a negative net margin of 0.93%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period last year, the business posted $0.53 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year.

SPTN has been the topic of a number of other reports. Pivotal Research reissued a “sell” rating and issued a $18.00 price objective on shares of SpartanNash in a report on Wednesday, November 8th. Barclays cut their price objective on SpartanNash from $28.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, November 10th. Jefferies Group reissued a “hold” rating and issued a $25.00 price objective on shares of SpartanNash in a report on Monday, October 16th. TheStreet lowered SpartanNash from a “b-” rating to a “c-” rating in a report on Wednesday, November 8th. Finally, BMO Capital Markets started coverage on SpartanNash in a report on Tuesday, September 12th. They issued a “market perform” rating and a $25.00 price objective on the stock. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. SpartanNash presently has a consensus rating of “Hold” and an average price target of $23.20.

SpartanNash (NASDAQ SPTN) traded up $0.35 during trading on Monday, reaching $25.42. The company’s stock had a trading volume of 385,700 shares, compared to its average volume of 253,960. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.74 and a current ratio of 1.81. SpartanNash has a 52 week low of $18.56 and a 52 week high of $40.38. The stock has a market capitalization of $925.40, a PE ratio of -12.65, a PEG ratio of 3.83 and a beta of 1.02.

A number of institutional investors have recently bought and sold shares of SPTN. Victory Capital Management Inc. grew its holdings in SpartanNash by 17.7% during the second quarter. Victory Capital Management Inc. now owns 4,689 shares of the company’s stock worth $122,000 after acquiring an additional 704 shares during the period. Sei Investments Co. acquired a new stake in SpartanNash during the second quarter worth about $127,000. Piedmont Investment Advisors LLC acquired a new stake in SpartanNash during the second quarter worth about $212,000. Suntrust Banks Inc. grew its holdings in SpartanNash by 1.8% during the second quarter. Suntrust Banks Inc. now owns 10,259 shares of the company’s stock worth $266,000 after acquiring an additional 183 shares during the period. Finally, Petrus Trust Company LTA acquired a new stake in SpartanNash during the second quarter worth about $267,000. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

SpartanNash announced that its Board of Directors has approved a stock repurchase plan on Thursday, November 16th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 2.60%. The ex-dividend date was Thursday, December 7th. SpartanNash’s dividend payout ratio (DPR) is -32.84%.

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About SpartanNash

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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