SpartanNash (NASDAQ:SPTN) Releases FY 2025 Earnings Guidance

SpartanNash (NASDAQ:SPTN - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.600-1.85 for the period, compared to the consensus EPS 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.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SPTN shares. Wall Street Zen cut SpartanNash from a "buy" rating to a "hold" rating in a report on Friday. Northcoast Research cut SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price target on the stock. in a report on Wednesday, February 19th.

SpartanNash Stock Performance

Shares of SPTN traded down $1.90 during mid-day trading on Friday, reaching $19.54. 732,933 shares of the company's stock traded hands, compared to its average volume of 273,301. The business's 50-day moving average price is $19.65 and its 200-day moving average price is $19.22. The stock has a market capitalization of $661.51 million, a P/E ratio of -1,954.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57. SpartanNash has a 12 month low of $17.30 and a 12 month high of $23.00.

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 analysts' consensus estimates 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. During the same quarter in the previous year, the business posted $0.53 earnings per share. The company's revenue was up 3.7% on a year-over-year basis. Equities analysts predict that SpartanNash will post 1.79 earnings per share for the current year.

SpartanNash Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.88 annualized dividend and a yield of 4.50%. SpartanNash's payout ratio is -8,800.00%.

Institutional Investors Weigh In On SpartanNash

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC raised its holdings in SpartanNash by 837.8% during the first quarter. Millennium Management LLC now owns 515,436 shares of the company's stock worth $10,443,000 after purchasing an additional 460,474 shares in the last quarter. AQR Capital Management LLC raised its holdings in SpartanNash by 2.4% during the first quarter. AQR Capital Management LLC now owns 140,160 shares of the company's stock worth $2,840,000 after purchasing an additional 3,349 shares in the last quarter. Jane Street Group LLC raised its holdings in SpartanNash by 130.0% during the first quarter. Jane Street Group LLC now owns 57,908 shares of the company's stock worth $1,173,000 after purchasing an additional 32,727 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in SpartanNash by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,056 shares of the company's stock worth $406,000 after purchasing an additional 858 shares in the last quarter. Institutional investors own 84.59% of the company's stock.

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.