SpartanNash (NASDAQ:SPTN) Updates FY 2025 Earnings Guidance

SpartanNash (NASDAQ:SPTN - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.600-1.85 for the period, compared to the consensus estimate of 1.760. The company issued revenue guidance of $9.8 billion-$10.0 billion, compared to the consensus revenue estimate of $9.9 billion.

SpartanNash Price Performance

SpartanNash stock traded down $0.22 during midday trading on Monday, reaching $19.24. The company's stock had a trading volume of 183,784 shares, compared to its average volume of 269,861. SpartanNash has a 52 week low of $17.30 and a 52 week high of $23.00. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00. The business has a 50-day moving average price of $19.65 and a 200-day moving average price of $19.24. The stock has a market cap of $651.35 million, a PE ratio of -1,924.80 and a beta of 0.42.

SpartanNash (NASDAQ:SPTN - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. The company's revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 EPS. On average, sell-side analysts predict that SpartanNash will post 1.79 EPS for the current year.

SpartanNash Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.57%. The ex-dividend date is Friday, June 13th. SpartanNash's dividend payout ratio (DPR) is currently -275.00%.

Wall Street Analysts Forecast Growth

SPTN has been the topic of several analyst reports. Northcoast Research cut SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 target price on the stock. in a report on Wednesday, February 19th. Wall Street Zen cut SpartanNash from a "buy" rating to a "hold" rating in a report on Friday.

Hedge Funds Weigh In On SpartanNash

A number of institutional investors and hedge funds have recently modified their holdings of SPTN. AQR Capital Management LLC boosted its holdings in shares of SpartanNash by 2.4% during the 1st quarter. AQR Capital Management LLC now owns 140,160 shares of the company's stock worth $2,840,000 after buying an additional 3,349 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of SpartanNash by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,056 shares of the company's stock worth $406,000 after buying an additional 858 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of SpartanNash by 837.8% during the 1st quarter. Millennium Management LLC now owns 515,436 shares of the company's stock worth $10,443,000 after buying an additional 460,474 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of SpartanNash by 130.0% during the 1st quarter. Jane Street Group LLC now owns 57,908 shares of the company's stock worth $1,173,000 after buying an additional 32,727 shares in the last quarter. 84.59% of the stock is currently owned by institutional investors.

About SpartanNash

SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.