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NASDAQ:SPTN

SpartanNash Stock Forecast, Price & News

$29.63
+0.07 (+0.24%)
(As of 06/24/2022 04:00 PM ET)
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Today's Range
$29.30
$30.44
50-Day Range
$29.37
$35.92
52-Week Range
$18.08
$37.48
Volume
815,854 shs
Average Volume
383,046 shs
Market Capitalization
$1.07 billion
P/E Ratio
14.52
Dividend Yield
2.84%
Price Target
$23.83
30 days | 90 days | 365 days | Advanced Chart

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SPTN Stock Forecast (MarketRank)

Overall MarketRank

2.61 out of 5 stars

Retail/Wholesale Sector

91st out of 283 stocks

Groceries, General Line Industry

1st out of 8 stocks

Analyst Opinion: 1.2Community Rank: 3.3Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
SpartanNash logo

About SpartanNash (NASDAQ:SPTN)

SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 65,000 stock-keeping units, 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 retailers, food service distributors, e-commerce providers, and corporate owned retail stores. This segment also offers various value-added services to retailers. The Military segment sells and distributes grocery products to 160 military commissaries and approximately 400 exchanges located in 39 states across the United States and the District of Columbia, Europe, Cuba, Puerto Rico, Honduras, Iraq, Kuwait, Bahrain, Qatar, and Djibouti. The Retail segment primarily operates 145 corporate owned retail stores and 36 fuel centers, primarily under the banners of Family Fare, Martin's Super Markets, D&W Fresh Market, VG's Grocery, and Dan's Supermarket. SpartanNash Company also markets and distributes private brand items primarily under the Our Family brand name. 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 headquartered in Grand Rapids, Michigan.

SPTN Stock News Headlines

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Industry, Sector and Symbol

Industry
Groceries, general line
Sub-Industry
Food Distributors
Current Symbol
NASDAQ:SPTN
CUSIP
84682210
Employees
16,500
Year Founded
2012

Company Calendar

Ex-Dividend for 3/31 Dividend
3/16/2022
Dividend Payable
3/31/2022
Last Earnings
6/02/2022
Ex-Dividend for 6/30 Dividend
6/14/2022
Today
6/24/2022
Dividend Payable
6/30/2022
Next Earnings (Estimated)
8/17/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$23.83
High Stock Price Forecast
$29.00
Low Stock Price Forecast
$16.50
Forecasted Upside/Downside
-19.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33333333333333
Research Coverage
3 Analysts

Profitability

Net Income
$73.75 million
Pretax Margin
1.07%

Debt

Sales & Book Value

Annual Sales
$8.93 billion
Cash Flow
$4.25 per share
Book Value
$21.78 per share

Miscellaneous

Free Float
35,476,000
Market Cap
$1.07 billion
Optionable
Optionable
Beta
0.64

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SpartanNash Frequently Asked Questions

Should I buy or sell SpartanNash stock right now?

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

What is SpartanNash's stock price forecast for 2022?

3 Wall Street analysts have issued 12-month target prices for SpartanNash's shares. Their SPTN stock forecasts range from $16.50 to $29.00. On average, they predict SpartanNash's share price to reach $23.83 in the next year. This suggests that the stock has a possible downside of 19.6%.
View analysts' price targets for SpartanNash
or view top-rated stocks among Wall Street analysts.

How has SpartanNash's stock price performed in 2022?

SpartanNash's stock was trading at $25.76 on January 1st, 2022. Since then, SPTN shares have increased by 15.0% and is now trading at $29.63.
View the best growth stocks for 2022 here
.

When is SpartanNash's next earnings date?

SpartanNash is scheduled to release its next quarterly earnings announcement on Wednesday, August 17th 2022.
View our earnings forecast for SpartanNash
.

How were SpartanNash's earnings last quarter?

SpartanNash (NASDAQ:SPTN) released its earnings results on Thursday, June, 2nd. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.19. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.77 billion. SpartanNash had a trailing twelve-month return on equity of 9.21% and a net margin of 0.81%. The company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 EPS.
View SpartanNash's earnings history
.

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

SpartanNash declared a quarterly dividend on Wednesday, June 1st. Investors of record on Wednesday, June 15th will be given a dividend of $0.21 per share on Thursday, June 30th. This represents a $0.84 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Tuesday, June 14th.
View SpartanNash's dividend history
.

Is SpartanNash a good dividend stock?

SpartanNash(NASDAQ:SPTN) pays an annual dividend of $0.84 per share and currently has a dividend yield of 2.84%. SpartanNash 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 of SpartanNash is 41.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SpartanNash will have a dividend payout ratio of 32.56% next year. This indicates that SpartanNash will be able to sustain or increase its dividend.
View SpartanNash's dividend history.

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

SpartanNash issued an update on its FY 2022 earnings guidance on Thursday, June, 23rd. The company provided EPS guidance of $2.17-$2.32 for the period, compared to the consensus EPS estimate of $2.11. The company issued revenue guidance of $9.00 billion-$9.30 billion, compared to the consensus revenue estimate of $9.03 billion.

Who are SpartanNash's key executives?

SpartanNash's management team includes the following people:
  • Mr. Tony Bashir Sarsam, Pres, CEO & Director (Age 60, Pay $2.98M)
  • Mr. Jason Monaco, Exec. VP, CFO & Principal Accounting Officer (Age 45, Pay $1.24M)
  • Mr. Arif Dar, Chief Information Officer & Sr. VP (Age 53, Pay $1.16M)
  • Mr. Thomas Edward Swanson, Exec. VP & GM of Corp. Retail (Age 61, Pay $994.05k)
  • Kayleigh Campbell, Head of Investor Relations
  • Ms. Ileana McAlary, Sr. VP, Chief Legal Officer & Corp. Sec. (Age 47)
  • Ms. Adrienne Chance, Sr. VP of Communications & Exec. Director of SpartanNash Foundation
  • Mr. Bill Jacobs, VP of Treasury & Corp. Devel.
  • Ms. Amy McClellan, Sr. VP & Chief Marketing Officer
  • Mr. Joseph McQuesten, Sr. VP of Center Store & Fresh Merchandising

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

5 employees have rated SpartanNash CEO Tony Sarsam on Glassdoor.com. Tony Sarsam has an approval rating of 81% among SpartanNash'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 International (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."

Who are SpartanNash's major shareholders?

SpartanNash's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (17.34%), Vanguard Group Inc. (8.27%), Dimensional Fund Advisors LP (7.61%), State Street Corp (3.92%), LSV Asset Management (3.69%) and Renaissance Technologies LLC (2.92%). Company insiders that own SpartanNash stock include Bing Xue, Frank Gambino, Hawthorne L Proctor, Kathleen M Mahoney, M Shan Atkins, Matthew Mannelly, William R Voss and Yvonne R Jackson.
View institutional ownership trends for SpartanNash
.

Which major investors are selling SpartanNash stock?

SPTN stock was sold by a variety of institutional investors in the last quarter, including Mirae Asset Global Investments Co. Ltd., Mirae Asset Global Investments Co. Ltd., BlackRock Inc., Arrowstreet Capital Limited Partnership, LSV Asset Management, JPMorgan Chase & Co., ProShare Advisors LLC, and Invesco Ltd.. Company insiders that have sold SpartanNash company stock in the last two years include Bing Xue, Frank Gambino, Hawthorne L Proctor, Kathleen M Mahoney, M Shan Atkins, Matthew Mannelly, William R Voss, and Yvonne R Jackson.
View insider buying and selling activity for SpartanNash
or view top insider-selling stocks.

Which major investors are buying SpartanNash stock?

SPTN stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Victory Capital Management Inc., American Century Companies Inc., Jane Street Group LLC, Dimensional Fund Advisors LP, Renaissance Technologies LLC, EAM Investors LLC, and Bridgewater Associates LP.
View insider buying and selling activity for SpartanNash
or or view top insider-buying stocks.

How do I buy shares of SpartanNash?

Shares of SPTN 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 $29.63.

How much money does SpartanNash make?

SpartanNash (NASDAQ:SPTN) has a market capitalization of $1.07 billion and generates $8.93 billion in revenue each year. The company earns $73.75 million in net income (profit) each year or $2.039990 on an earnings per share basis.

How many employees does SpartanNash have?

SpartanNash employs 16,500 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

When was SpartanNash founded?

SpartanNash was founded in 2012.

How can I contact SpartanNash?

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

This page (NASDAQ:SPTN) was last updated on 6/24/2022 by MarketBeat.com Staff

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