SpartanNash (NASDAQ:SPTN) Releases Earnings Results, Misses Estimates By $0.08 EPS

SpartanNash (NASDAQ:SPTN - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.08), RTT News reports. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter last year, the firm posted $0.53 EPS. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. SpartanNash updated its FY 2025 guidance to 1.600-1.85 EPS.

SpartanNash Price Performance

NASDAQ SPTN traded down $1.90 during trading on Friday, reaching $19.54. The company's stock had a trading volume of 732,933 shares, compared to its average volume of 273,301. The stock has a market capitalization of $661.51 million, a PE ratio of -1,954.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.78. The firm has a fifty day moving average of $19.65 and a 200 day moving average of $19.22. SpartanNash has a one year low of $17.30 and a one year high of $23.00.

SpartanNash Announces Dividend

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On SpartanNash

Institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of SpartanNash by 4.5% in the 1st 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. Jane Street Group LLC boosted its holdings in shares of SpartanNash by 130.0% in the 1st 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. AQR Capital Management LLC boosted its holdings in shares of SpartanNash by 2.4% in the 1st 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. Finally, Millennium Management LLC boosted its holdings in shares of SpartanNash by 837.8% in the 1st 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. 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.