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NASDAQ:SPTN

SpartanNash (SPTN) Stock Forecast, Price & News

$22.94
+0.40 (+1.77%)
(As of 10/3/2023 ET)
Compare
Today's Range
$22.46
▼
$23.23
50-Day Range
$20.73
▼
$23.48
52-Week Range
$20.57
▼
$37.75
Volume
284,421 shs
Average Volume
269,665 shs
Market Capitalization
$794.18 million
P/E Ratio
19.78
Dividend Yield
3.75%
Price Target
$26.50
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

SpartanNash MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
15.5% Upside
$26.50 Price Target
Short Interest
Healthy
2.03% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.62
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
7.08%
From $2.26 to $2.42 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.60 out of 5 stars

Retail/Wholesale Sector

39th out of 214 stocks

Groceries, General Line Industry

2nd out of 5 stocks

See Top Rated MarketRank™ Stocks Here

SPTN stock logo

About SpartanNash (NASDAQ:SPTN) Stock

SpartanNash Company distributes and retails grocery products. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, such as 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 pharmacy products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores. This segment also offers various value-added services to retailers. The Retail segment operates retail supermarkets, pharmacies, fuel centers, and convenience stores primarily under the banners of Family Fare, Martin's Super Markets, D&W Fresh Market, VG's Grocery, and Dan's Supermarket. It also distributes grocery products to military commissaries. The company was formerly known as Spartan Stores, Inc. and changed its name to SpartanNash Company in November 2013. SpartanNash Company was founded in 1917 and is based in Grand Rapids, Michigan.

SPTN Price History

SPTN Stock News Headlines

September 26, 2023 | finance.yahoo.com
Capital Allocation Trends At SpartanNash (NASDAQ:SPTN) Aren't Ideal
September 21, 2023 | finance.yahoo.com
SpartanNash Foundation and Junior Achievement Celebrate Successful Back-to-School Fundraiser
October 3, 2023 | Chaikin Analytics (Ad)
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
September 8, 2023 | msn.com
SpartanNash: Inflation May Benefit This Food Solutions Company
September 7, 2023 | seekingalpha.com
SpartanNash: The Decline Makes The Upside All The More Sweet
September 6, 2023 | finance.yahoo.com
SpartanNash Promotes Bennett Morgan to EVP, Chief Merchandising Officer
September 5, 2023 | finance.yahoo.com
SpartanNash Leveraging AI Technology to Predict Shopper Demand, Decrease Waste
August 29, 2023 | finance.yahoo.com
SpartanNash (NASDAQ:SPTN) Has Announced A Dividend Of $0.215
October 3, 2023 | Chaikin Analytics (Ad)
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
August 28, 2023 | finance.yahoo.com
SpartanNash Promotes Derek Tufts to Vice President, Human Resources
August 23, 2023 | finance.yahoo.com
SpartanNash Refreshes Board with Appointment of New Independent Director
August 23, 2023 | finance.yahoo.com
SpartanNash Foundation Teams Up with Junior Achievement for Back-to-School In-Store Fundraiser
August 21, 2023 | prnewswire.com
SpartanNash Donates to Disaster Relief Efforts in Maui
August 21, 2023 | markets.businessinsider.com
BMO Capital Sticks to Their Hold Rating for SpartanNash Co (SPTN)
August 18, 2023 | insidermonkey.com
SpartanNash Company (NASDAQ:SPTN) Q2 2023 Earnings Call Transcript
August 17, 2023 | markets.businessinsider.com
SpartanNash Q2 Results: Sales Up Amid Favorable Inflation Trends, Sees $20M Cost Savings Ahead
August 17, 2023 | finanznachrichten.de
SpartanNash Announces Second Quarter Fiscal 2023 Results
August 17, 2023 | markets.businessinsider.com
SpartanNash Q2 Earnings Climb, Cuts FY23 Revenue Outlook
August 17, 2023 | finance.yahoo.com
Spartan Stores (SPTN) Q2 Earnings Surpass Estimates
August 16, 2023 | benzinga.com
Preview: SpartanNash's Earnings
August 10, 2023 | finance.yahoo.com
SpartanNash (SPTN) Q2 Earnings Coming Up: What to Expect
August 8, 2023 | finance.yahoo.com
SpartanNash Celebrates Independent Grocers at 2023 Food Solutions Expo
August 5, 2023 | markets.businessinsider.com
SpartanNash Co (SPTN) Gets a Hold from Jefferies
August 3, 2023 | finance.yahoo.com
SpartanNash to Webcast Second Quarter 2023 Earnings Conference Call
August 2, 2023 | finance.yahoo.com
SpartanNash Honors Top 10 Suppliers at Annual Food Solutions Expo
July 27, 2023 | finance.yahoo.com
SpartanNash (SPTN) Unifies Retail Banners Under Family Fare
July 25, 2023 | finance.yahoo.com
SpartanNash Debuts Remodeled Stores under its Flagship Family Fare Retail Banner
See More Headlines
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SPTN Company Calendar

Last Earnings
8/17/2023
Ex-Dividend for 9/29 Dividend
9/14/2023
Dividend Payable
9/29/2023
Today
10/03/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Groceries, general line
Sub-Industry
Food Distributors
Sector
Retail/Wholesale
Current Symbol
NASDAQ:SPTN
CUSIP
84682210
CIK
877422
Web
www.spartanstores.com
Phone
(616) 878-2000
Fax
301-986-6079
Employees
17,500
Year Founded
2012

Price Target and Rating

Average Stock Price Forecast
$26.50
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$23.00
Forecasted Upside/Downside
+15.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$1.16
Trailing P/E Ratio
19.78
Forward P/E Ratio
10.15
P/E Growth
2.64
Net Income
$34.52 million
Net Margins
0.42%
Pretax Margin
0.57%
Return on Equity
9.82%
Return on Assets
3.25%

Debt

Debt-to-Equity Ratio
0.71
Current Ratio
1.62
Quick Ratio
0.76

Sales & Book Value

Annual Sales
$9.64 billion
Price / Sales
0.08
Cash Flow
$5.29 per share
Price / Cash Flow
4.34
Book Value
$21.72 per share
Price / Book
1.06

Miscellaneous

Outstanding Shares
34,620,000
Free Float
34,028,000
Market Cap
$794.18 million
Optionable
Optionable
Beta
0.68

Social Links

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Key Executives

  • Mr. Tony Bashir Sarsam (Age 61)
    Pres, CEO & Director
    Comp: $7.93M
  • Mr. Jason Monaco (Age 46)
    Exec. VP & CFO
    Comp: $1.99M
  • Mr. Masiar Tayebi (Age 43)
    Exec. VP, Chief Strategy Officer & Information Officer
    Comp: $1.29M
  • Mr. Thomas Edward Swanson (Age 62)
    Exec. VP & GM of Corp. Retail
    Comp: $1.3M
  • Mr. Bennett Morgan
    Exec. VP & Chief Merchandising Officer
  • Mr. R. Todd Riksen
    VP, Corp. Controller & Principal Accounting Officer
  • Kayleigh Campbell
    Head of Investor Relations
  • Ms. Ileana McAlary (Age 47)
    Exec. VP, Chief Legal Officer & Corp. Sec.
  • Ms. Adrienne Chance
    Sr. VP of Communications & Exec. Director of SpartanNash Foundation
  • Mr. Bill Jacobs
    VP of Treasury & Corp. Devel.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













SPTN Stock - Frequently Asked Questions

Should I buy or sell SpartanNash stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SpartanNash in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SPTN shares.
View SPTN analyst ratings or view top-rated stocks.

What is SpartanNash's stock price forecast for 2023?

2 brokers have issued 12 month target prices for SpartanNash's shares. Their SPTN share price forecasts range from $23.00 to $30.00. On average, they anticipate the company's stock price to reach $26.50 in the next year. This suggests a possible upside of 15.5% from the stock's current price.
View analysts price targets for SPTN or view top-rated stocks among Wall Street analysts.

How have SPTN shares performed in 2023?

SpartanNash's stock was trading at $30.24 at the beginning of the year. Since then, SPTN shares have decreased by 24.1% and is now trading at $22.94.
View the best growth stocks for 2023 here.

When is SpartanNash's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our SPTN earnings forecast.

How were SpartanNash's earnings last quarter?

SpartanNash (NASDAQ:SPTN) posted its quarterly earnings results on Thursday, August, 17th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. The firm had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.36 billion. SpartanNash had a net margin of 0.42% and a trailing twelve-month return on equity of 9.82%. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 earnings per share.

How often does SpartanNash pay dividends? What is the dividend yield for SpartanNash?

SpartanNash announced a quarterly dividend on Wednesday, August 23rd. Stockholders of record on Friday, September 15th will be given a dividend of $0.215 per share on Friday, September 29th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for SPTN.

What ETFs hold SpartanNash's stock?

ETFs with the largest weight of SpartanNash (NASDAQ:SPTN) stock in their portfolio include Invesco S&P SmallCap Consumer Staples ETF (PSCC) and Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD).Invesco S&P SmallCap 600 Revenue ETF (RWJ).

Is SpartanNash a good dividend stock?

SpartanNash (NASDAQ:SPTN) pays an annual dividend of $0.86 per share and currently has a dividend yield of 3.91%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 74.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SPTN will have a dividend payout ratio of 35.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SPTN.

What guidance has SpartanNash issued on next quarter's earnings?

SpartanNash issued an update on its FY 2023 earnings guidance on Thursday, August, 17th. The company provided EPS guidance of $2.20-$2.35 for the period, compared to the consensus estimate of $2.25. The company issued revenue guidance of $9.65 billion-$9.95 billion, compared to the consensus revenue estimate of $10.01 billion.

What is Tony Sarsam's approval rating as SpartanNash's CEO?

5 employees have rated SpartanNash Chief Executive Officer Tony Sarsam on Glassdoor.com. Tony Sarsam has an approval rating of 81% among the company's employees.

What other stocks do shareholders of SpartanNash own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SpartanNash investors own include Advanced Micro Devices (AMD), QUALCOMM (QCOM), AbbVie (ABBV), Crown Castle (CCI), NVIDIA (NVDA), Enterprise Products Partners (EPD), Johnson & Johnson (JNJ), Verizon Communications (VZ), Enbridge (ENB) and Energy Transfer (ET).

What is SpartanNash's stock symbol?

SpartanNash trades on the NASDAQ under the ticker symbol "SPTN."

How do I buy shares of SpartanNash?

Shares of SPTN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is SpartanNash's stock price today?

One share of SPTN stock can currently be purchased for approximately $22.94.

How much money does SpartanNash make?

SpartanNash (NASDAQ:SPTN) has a market capitalization of $794.18 million and generates $9.64 billion in revenue each year. The company earns $34.52 million in net income (profit) each year or $1.16 on an earnings per share basis.

How many employees does SpartanNash have?

The company employs 17,500 workers across the globe.

Does SpartanNash have any subsidiaries?
The following companies are subsidiares of SpartanNash: BRT SpartanNash LLC, Blue Ribbon Transport, Caito Foods LLC, Caito Foods Service, Erickson’s Diversified Corporation, Family Fare LLC, Fresh City Market LLC, GTL Truck Lines Inc., Gruber’s Real Estate LLC, Hinky Dinky Supermarkets, MDV SpartanNash LLC, MSM Holdco LLC, Market Development LLC, Martin's Super Markets LLC, Martin's Super Markets of Elkhart East LLC, Martin's Super Markets of Elkhart LLC, Martin's Super Markets of Logansport LLC, Martin's Super Markets of Nappanee LLC, Martin's Super Markets of Niles LLC, Martin's Super Markets of St Joseph LLC, Martin's Super Markets of Stevensville LLC, Nash-Finch Company, Pique Brands Inc., Prevo’s Family Markets Inc., Seaway Food Town Inc., Spartan Properties Management Inc., Spartan Stores Distribution LLC, Spartan Stores Fuel LLC, SpartanNash Associates LLC, SpartanNash Procurement LLC, Super Food Services Inc., U Save Foods Inc., and Valley Farm Distributing Co..
Read More
How can I contact SpartanNash?

SpartanNash's mailing address is 850 76TH ST SW, GRAND RAPIDS MI, 49518. The official website for the company is www.spartanstores.com. The company can be reached via phone at (616) 878-2000, via email at katie.turner@icrinc.com, or via fax at 301-986-6079.

This page (NASDAQ:SPTN) was last updated on 10/3/2023 by MarketBeat.com Staff

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