SpartanNash (SPTN) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SpartanNash in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.

3 brokers have issued twelve-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 twelve months. This suggests a possible upside of 17.0% 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 start of the year. Since then, SPTN shares have decreased by 25.1% and is now trading at $22.65.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 17th 2023.
View our SPTN earnings forecast.

SpartanNash (NASDAQ:SPTN) released its quarterly earnings data on Thursday, June, 1st. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.05. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.95 billion. SpartanNash had a net margin of 0.27% and a trailing twelve-month return on equity of 9.97%. The firm's revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 earnings per share.

SpartanNash announced a quarterly dividend on Wednesday, May 31st. Stockholders of record on Thursday, June 15th will be given a dividend of $0.215 per share on Friday, June 30th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Wednesday, June 14th.
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), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), Invesco S&P SmallCap 600 Revenue ETF (RWJ), Opus Small Cap Value Plus ETF (OSCV), Invesco S&P SmallCap 600 Pure Value ETF (RZV) and Hartford Multifactor Small Cap ETF (ROSC).

SpartanNash (NASDAQ:SPTN) pays an annual dividend of $0.86 per share and currently has a dividend yield of 3.84%. 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 116.22%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SPTN will have a dividend payout ratio of 35.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SPTN.

SpartanNash updated its FY 2023 earnings guidance on Sunday, June, 4th. The company provided EPS guidance of $2.20-$2.35 for the period, compared to the consensus EPS estimate of $2.21. The company issued revenue guidance of $9.90 billion-$10.20 billion, compared to the consensus revenue estimate of $10.04 billion.

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

SpartanNash's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (17.69%), Dimensional Fund Advisors LP (8.32%), State Street Corp (4.18%), Renaissance Technologies LLC (3.00%), JPMorgan Chase & Co. (2.75%) and LSV Asset Management (2.56%). Insiders that own company stock include Bing Xue, Frank Gambino, Hawthorne L Proctor, Kathleen M Mahoney, M Shan Atkins, Matthew Mannelly, William R Voss and Yvonne R Jackson.
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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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One share of SPTN stock can currently be purchased for approximately $22.65.

SpartanNash (NASDAQ:SPTN) has a market capitalization of $795.47 million and generates $9.64 billion in revenue each year. The company earns $34.52 million in net income (profit) each year or $0.74 on an earnings per share basis.

The company employs 17,500 workers across the globe.

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.