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NASDAQ:SPTN

SpartanNash Stock Forecast, Price & News

$16.02
-0.42 (-2.55 %)
(As of 09/28/2020 06:18 AM ET)
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Today's Range
$15.94
Now: $16.02
$16.49
50-Day Range
$16.44
MA: $19.32
$22.13
52-Week Range
$9.00
Now: $16.02
$23.94
Volume358,300 shs
Average Volume458,308 shs
Market Capitalization$574.04 million
P/E Ratio11.69
Dividend Yield4.81%
Beta0.94
SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 60,000 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 military commissaries and exchanges located in 50 states across the United States and the District of Columbia, Europe, Cuba, Puerto Rico, Honduras, Bahrain, Djibouti, and Egypt. The Retail segment primarily operates neighborhood supermarkets. As of December 29, 2018, this segment operated 145 owned retail stores in the Midwest region primarily under the Family Fare Supermarkets, D&W Fresh Markets, VG's Grocery, Dan's Supermarket, and Family Fresh Market banners; and offered pharmacy services in 82 of its stores, as well as operated 29 fuel centers at its retail stores. SpartanNash Company also markets and distributes private brand items primarily under the Our Family, Open Acres, Top Care, Tippy Toes, Full Circle, Culinary Tours, PAWS Premium, Valu Time, Pure Harmony, Freedom's Choice, and Home Base brands. 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 1.7Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.18 out of 5 stars


Industry, Sector and Symbol

Industry Groceries, general line
Sub-IndustryFood Distributors
Current SymbolNASDAQ:SPTN
CUSIP84682210
Phone616-878-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.54 billion
Cash Flow$3.35 per share
Book Value$18.92 per share

Profitability

Net Income$5.74 million

Miscellaneous

Employees17,200
Market Cap$574.04 million
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$16.02
-0.42 (-2.55 %)
(As of 09/28/2020 06:18 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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SpartanNash (NASDAQ:SPTN) Frequently Asked Questions

How has SpartanNash's stock been impacted by Coronavirus (COVID-19)?

SpartanNash's stock was trading at $11.49 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SPTN stock has increased by 39.4% and is now trading at $16.02.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of SpartanNash?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SpartanNash in the last year. There are currently 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for SpartanNash
.

When is SpartanNash's next earnings date?

SpartanNash is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for SpartanNash
.

How were SpartanNash's earnings last quarter?

SpartanNash Co (NASDAQ:SPTN) released its quarterly earnings results on Wednesday, August, 12th. The company reported $0.73 EPS for the quarter, topping the Zacks' consensus estimate of $0.62 by $0.11. The firm earned $2.18 billion during the quarter, compared to analyst estimates of $2.31 billion. SpartanNash had a net margin of 0.54% and a return on equity of 10.02%.
View SpartanNash's earnings history
.

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

SpartanNash declared a quarterly dividend on Tuesday, August 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.1925 per share on Wednesday, September 30th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend is Thursday, September 10th. This is a boost from SpartanNash's previous quarterly dividend of $0.19.
View SpartanNash's dividend history
.

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

SpartanNash updated its FY 2020 After-Hours earnings guidance on Wednesday, August, 12th. The company provided earnings per share (EPS) guidance of 2.40-2.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.07.

What price target have analysts set for SPTN?

4 brokerages have issued twelve-month target prices for SpartanNash's shares. Their forecasts range from $20.00 to $23.00. On average, they anticipate SpartanNash's stock price to reach $21.33 in the next twelve months. This suggests a possible upside of 33.2% from the stock's current price.
View analysts' price targets for SpartanNash
.

Are investors shorting SpartanNash?

SpartanNash saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,630,000 shares, an increase of 12.9% from the August 31st total of 2,330,000 shares. Based on an average daily volume of 426,600 shares, the days-to-cover ratio is currently 6.2 days. Approximately 7.6% of the company's shares are short sold.
View SpartanNash's Short Interest
.

Who are some of SpartanNash's key competitors?

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 IN/SH SH (CCI), NVIDIA (NVDA), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), Verizon Communications (VZ), Enbridge (ENB) and Pfizer (PFE).

Who are SpartanNash's key executives?

SpartanNash's management team includes the following people:
  • Mr. David M. Staples, CEO, Pres & Director (Age 56)
  • Mr. Mark E. Shamber, Exec. VP & CFO (Age 50)
  • Ms. Kathleen M. Mahoney, Pres of MDV Military Division, Chief Legal Officer & Sec. (Age 64)
  • Ms. Yvonne Trupiano, Exec. VP, Chief HR & Corp. Affairs and Communications Officer (Age 40)
  • Mr. Lawrence R. Pierce, Exec. VP of Special Projects (Age 64)

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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.02%), LSV Asset Management (4.74%), Bank of New York Mellon Corp (1.94%), Nuveen Asset Management LLC (1.51%), Charles Schwab Investment Management Inc. (1.33%) and Intrinsic Edge Capital Management LLC (1.26%). Company insiders that own SpartanNash stock include David M Staples, Douglas A Hacker, Elizabeth A Nickels, M Shan Atkins 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 AQR Capital Management LLC, Vanguard Group Inc., Prudential Financial Inc., Russell Investments Group Ltd., Goldman Sachs Group Inc., Tudor Investment Corp Et Al, Bank of America Corp DE, and Phocas Financial Corp..
View insider buying and selling activity for SpartanNash
.

Which major investors are buying SpartanNash stock?

SPTN stock was acquired by a variety of institutional investors in the last quarter, including Intrinsic Edge Capital Management LLC, Grantham Mayo Van Otterloo & Co. LLC, Marshall Wace LLP, Jacobs Levy Equity Management Inc., Mackay Shields LLC, Robeco Institutional Asset Management B.V., AJO LP, and Foundry Partners LLC.
View insider buying and selling activity for SpartanNash
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is SpartanNash's stock price today?

One share of SPTN stock can currently be purchased for approximately $16.02.

How big of a company is SpartanNash?

SpartanNash has a market capitalization of $574.04 million and generates $8.54 billion in revenue each year. The company earns $5.74 million in net income (profit) each year or $1.10 on an earnings per share basis. SpartanNash employs 17,200 workers across the globe.

What is SpartanNash's official website?

The official website for SpartanNash is www.spartanstores.com.

How can I contact SpartanNash?

SpartanNash's mailing address is 850 76TH ST SW, GRAND RAPIDS MI, 49518. The company can be reached via phone at 616-878-2000 or via email at [email protected]

This page was last updated on 9/28/2020 by MarketBeat.com Staff

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