SpartanNash (SPTN) Projected to Post Quarterly Earnings on Thursday

SpartanNash (NASDAQ:SPTN - Get Free Report) is anticipated to release its Q1 2025 earnings data before the market opens on Thursday, May 29th. Analysts expect SpartanNash to post earnings of $0.46 per share and revenue of $2.87 billion for the quarter.

SpartanNash Stock Down 0.8%

Shares of SPTN traded down $0.15 during mid-day trading on Friday, reaching $18.81. The company's stock had a trading volume of 243,261 shares, compared to its average volume of 268,446. SpartanNash has a 1 year low of $17.30 and a 1 year high of $23.00. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. The company has a market cap of $636.64 million, a price-to-earnings ratio of -1,881.00 and a beta of 0.42. The business has a fifty day moving average of $19.65 and a 200 day moving average of $19.22.

SpartanNash Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.68%. The ex-dividend date is Friday, June 13th. SpartanNash's dividend payout ratio is currently -8,800.00%.

Hedge Funds Weigh In On SpartanNash

Hedge funds have recently bought and sold shares of the business. 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 valued at $10,443,000 after buying an additional 460,474 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of SpartanNash by 130.0% during 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 last quarter. AQR Capital Management LLC increased its holdings in shares of SpartanNash by 2.4% during 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 valued at $406,000 after acquiring an additional 858 shares in the last quarter. 84.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on SPTN. Northcoast Research downgraded shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 target price for the company. in a research report on Wednesday, February 19th. Wall Street Zen cut shares of SpartanNash from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th.

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.