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

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

SpartanNash Trading Down 1.3%

Shares of SPTN stock traded down $0.25 during trading hours on Monday, reaching $19.21. The company had a trading volume of 183,784 shares, compared to its average volume of 269,865. SpartanNash has a 1-year low of $17.30 and a 1-year high of $23.00. 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 market cap of $650.34 million, a price-to-earnings ratio of -1,924.80 and a beta of 0.42. The company has a 50 day moving average of $19.65 and a 200 day moving average of $19.24.

SpartanNash Dividend Announcement

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 given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.58%. The ex-dividend date is Friday, June 13th. SpartanNash's payout ratio is -275.00%.

Institutional Investors Weigh In On SpartanNash

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted 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 buying an additional 460,474 shares during the last quarter. AQR Capital Management LLC increased its stake 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 valued at $2,840,000 after acquiring an additional 3,349 shares during the last quarter. Jane Street Group LLC raised its position 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 valued at $1,173,000 after acquiring an additional 32,727 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 acquiring an additional 858 shares during the last quarter. Institutional investors own 84.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wall Street Zen lowered SpartanNash from a "buy" rating to a "hold" rating in a research report on Friday. Northcoast Research lowered shares of 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.

SpartanNash Company Profile

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.