NASDAQ:SPTN

SpartanNash (SPTN) Stock Forecast, Price & News

$22.00

-0.04 (-0.18%)

(As of 09/29/2023 ET)

Compare

Today's Range: $21.92
▼
$22.25
50-Day Range: $20.73
▼
$23.48
52-Week Range: $20.57
▼
$37.75

Volume: 204,676 shs
Average Volume: 260,208 shs
Market Capitalization: $761.64 million

P/E Ratio: 18.97
Dividend Yield: 3.91%
Price Target: $26.50

SpartanNash MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 20.5% 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: 1.24
Based on 3 Articles This Week
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.

2.65 out of 5 stars

Retail/Wholesale Sector

39th out of 215 stocks

Groceries, General Line Industry

2nd out of 5 stocks

2.3

Analyst's Opinion

Consensus Rating
SpartanNash has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $26.50, SpartanNash has a forecasted upside of 20.5% from its current price of $22.00.
Amount of Analyst Coverage
SpartanNash has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.03% of the float of SpartanNash has been sold short.
Short Interest Ratio / Days to Cover
SpartanNash has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in SpartanNash has recently decreased by 1.67%, indicating that investor sentiment is improving.

5.0

Dividend Strength

Dividend Leadership
SpartanNash is a leading dividend payer. It pays a dividend yield of 3.91%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
SpartanNash has been increasing its dividend for 13 years.
Dividend Coverage
The dividend payout ratio of SpartanNash is 74.14%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, SpartanNash will have a dividend payout ratio of 35.54% next year. This indicates that SpartanNash will be able to sustain or increase its dividend.

2.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
SpartanNash has received a 12.99% net impact score from Upright. The largest positive contribution comes from its "Nutrition" impact, which is mostly driven by its "Wholesale of alternative protein food products", "Physical retail of alternative protein food products at a supermarket", "Physical retail of fruits at a supermarket", "Wholesale of fruits", "Wholesale of cereal products", and "Physical retail of cereal products at a supermarket" products. See details.
Environmental Sustainability
The Environmental Impact score for SpartanNash is -2.62.

2.9

News and Social Media Coverage

News Sentiment
SpartanNash has a news sentiment score of 1.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for SpartanNash this week, compared to 3 articles on an average week.
MarketBeat Follows
1 people have added SpartanNash to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, SpartanNash insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.70% of the stock of SpartanNash is held by insiders.
Percentage Held by Institutions
81.49% of the stock of SpartanNash is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for SpartanNash are expected to grow by 7.08% in the coming year, from $2.26 to $2.42 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of SpartanNash is 18.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 106.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of SpartanNash is 18.97, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 18.31.
Price to Earnings Growth Ratio
SpartanNash has a PEG Ratio of 2.64. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
SpartanNash has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

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 1, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.

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 1, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

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

Receive SPTN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for SpartanNash and its competitors with MarketBeat's FREE daily newsletter.

SPTN Company Calendar

Last Earnings: 8/17/2023
Ex-Dividend for 9/29 Dividend: 9/14/2023
Dividend Payable: 9/29/2023
Today: 10/01/2023
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: +20.5%
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: 18.97
Forward P/E Ratio: 9.73
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: $5.07 per share
Price / Cash Flow: 4.34
Book Value: $21.72 per share
Price / Book: 1.01

Miscellaneous

Outstanding Shares: 34,620,000
Free Float: 34,028,000
Market Cap: $761.64 million
Optionable: Optionable
Beta: 0.70

Social Links

(Almost) Everything You Need To Know About The EV Market

Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.

Get This Free Report

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 equities research analysts have issued "buy," "hold," and "sell" ratings for SpartanNash in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research 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 Wall Street research analysts have issued 1 year price objectives for SpartanNash's shares. Their SPTN share price forecasts range from $23.00 to $30.00. On average, they predict the company's stock price to reach $26.50 in the next twelve months. This suggests a possible upside of 20.5% 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 2023. Since then, SPTN shares have decreased by 27.2% and is now trading at $22.00.
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) released its earnings results on Thursday, August, 17th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.64 by $0.01. The company had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.36 billion. SpartanNash had a trailing twelve-month return on equity of 9.82% and a net margin of 0.42%. SpartanNash's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $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 paid a dividend of $0.215 per share on Friday, September 29th. This represents a $0.86 annualized dividend and a yield of 3.91%. 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 EPS 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 $22.00.
How much money does SpartanNash make?: SpartanNash (NASDAQ:SPTN) has a market capitalization of $761.64 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 10/1/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial