SpartanNash Company (NASDAQ:SPTN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $19.58 and traded as high as $26.59. SpartanNash shares last traded at $26.54, with a volume of 836,312 shares changing hands.
Analyst Ratings Changes
A number of equities analysts have issued reports on SPTN shares. Wall Street Zen cut SpartanNash from a "buy" rating to a "hold" rating in a report on Friday, May 30th. BMO Capital Markets reissued a "market perform" rating and set a $26.90 price objective (up previously from $20.00) on shares of SpartanNash in a research note on Tuesday, June 24th.
Read Our Latest Analysis on SPTN
SpartanNash Stock Performance
The firm has a market cap of $898.38 million, a P/E ratio of -82.94 and a beta of 0.44. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.86 and a current ratio of 1.66. The stock's 50-day moving average is $20.24 and its 200 day moving average is $19.58.
SpartanNash (NASDAQ:SPTN - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.08). SpartanNash had a positive return on equity of 8.26% and a negative net margin of 0.11%. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the company posted $0.53 earnings per share. SpartanNash's revenue for the quarter was up 3.7% compared to the same quarter last year. On average, research analysts predict that SpartanNash Company will post 1.79 earnings per share for the current year.
SpartanNash Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued 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 3.32%. SpartanNash's dividend payout ratio (DPR) is -275.00%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Voya Investment Management LLC lifted its stake in SpartanNash by 17.3% in the 1st quarter. Voya Investment Management LLC now owns 21,000 shares of the company's stock valued at $425,000 after acquiring an additional 3,104 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of SpartanNash by 130.0% in the first quarter. Jane Street Group LLC now owns 57,908 shares of the company's stock valued at $1,173,000 after purchasing an additional 32,727 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of SpartanNash by 2.1% in the first quarter. Empowered Funds LLC now owns 182,033 shares of the company's stock valued at $3,688,000 after purchasing an additional 3,686 shares during the last quarter. Dean Capital Management lifted its position in shares of SpartanNash by 203.6% in the first quarter. Dean Capital Management now owns 85,777 shares of the company's stock worth $1,738,000 after purchasing an additional 57,523 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in SpartanNash during the first quarter worth $502,000. 84.59% of the stock is currently owned by institutional investors.
SpartanNash Company Profile
(
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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