SpartanNash Stock Price, News & Analysis (NASDAQ:SPTN)

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SpartanNash in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SPTN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPTN, but not buy additional shares or sell existing shares.
View SPTN analyst ratings or view top-rated stocks.

2 brokers have issued 12 month price objectives for SpartanNash's shares. Their SPTN share price targets range from $22.00 to $30.00. On average, they expect the company's share price to reach $26.00 in the next twelve months. This suggests a possible upside of 15.2% from the stock's current price.
View analysts price targets for SPTN or view top-rated stocks among Wall Street analysts.

SpartanNash's stock was trading at $30.24 at the beginning of 2023. Since then, SPTN stock has decreased by 25.4% and is now trading at $22.56.
View the best growth stocks for 2023 here.

SpartanNash saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 743,700 shares, an increase of 88.4% from the October 31st total of 394,700 shares. Based on an average daily volume of 243,300 shares, the short-interest ratio is currently 3.1 days. Approximately 2.2% of the shares of the company are short sold.
View SpartanNash's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our SPTN earnings forecast.

SpartanNash (NASDAQ:SPTN) announced its earnings results on Wednesday, November, 8th. The company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.60 by $0.06. The business earned $2.26 billion during the quarter, compared to analysts' expectations of $2.31 billion. SpartanNash had a net margin of 0.43% and a trailing twelve-month return on equity of 9.66%.

SpartanNash declared a quarterly dividend on Tuesday, November 14th. Shareholders of record on Friday, December 8th will be given a dividend of $0.215 per share on Friday, December 29th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date is Thursday, December 7th.
Read our dividend analysis for SPTN.

SpartanNash (NASDAQ:SPTN) pays an annual dividend of $0.86 per share and currently has a dividend yield of 3.81%. 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 70.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SPTN will have a dividend payout ratio of 37.23% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SPTN.

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).

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.

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).

SpartanNash's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include LSV Asset Management (2.44%), Invesco Ltd. (2.40%), Bank of New York Mellon Corp (1.40%), Northern Trust Corp (1.34%), Charles Schwab Investment Management Inc. (1.28%) and Assenagon Asset Management S.A. (0.68%). Insiders that own company stock include Bing Xue, Frank Gambino, Hawthorne L Proctor, Kathleen M Mahoney, Matthew Mannelly, William R Voss and William R Voss.
View institutional ownership trends.

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.
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