SpartanNash Company (NASDAQ:SPTN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.34 and traded as high as $26.58. SpartanNash shares last traded at $26.53, with a volume of 572,632 shares.
Wall Street Analyst Weigh In
SPTN has been the subject of several analyst reports. Wall Street Zen cut SpartanNash from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $26.90 price target (up from $20.00) on shares of SpartanNash in a report on Tuesday, June 24th.
Check Out Our Latest Report on SpartanNash
SpartanNash Price Performance
The stock has a fifty day moving average of $24.85 and a 200-day moving average of $21.44. The company has a quick ratio of 0.80, a current ratio of 1.57 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $899.56 million, a price-to-earnings ratio of -55.36 and a beta of 0.46.
SpartanNash (NASDAQ:SPTN - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.04. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.29 billion. SpartanNash had a positive return on equity of 8.19% and a negative net margin of 0.16%. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 earnings per share. On average, equities research analysts predict that SpartanNash Company will post 1.79 EPS for the current fiscal year.
SpartanNash Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.3%. SpartanNash's dividend payout ratio is -183.33%.
Institutional Trading of SpartanNash
Large investors have recently made changes to their positions in the company. State of Wyoming acquired a new stake in shares of SpartanNash in the 4th quarter valued at about $43,000. CWM LLC boosted its position in shares of SpartanNash by 246.0% in the 2nd quarter. CWM LLC now owns 2,436 shares of the company's stock valued at $65,000 after purchasing an additional 1,732 shares during the period. Longfellow Investment Management Co. LLC acquired a new stake in shares of SpartanNash in the 2nd quarter valued at about $72,000. Tower Research Capital LLC TRC boosted its position in shares of SpartanNash by 264.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,107 shares of the company's stock valued at $82,000 after purchasing an additional 2,255 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of SpartanNash by 79.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,171 shares of the company's stock valued at $84,000 after purchasing an additional 1,400 shares during the period. 84.59% of the stock is owned by institutional investors and hedge funds.
About SpartanNash
(
Get Free Report)
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.
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