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NASDAQ:SPTNSpartanNash Stock Price, Forecast & News

$20.68
+0.07 (+0.34 %)
(As of 05/28/2020 04:00 PM ET)
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Today's Range
$20.19
Now: $20.68
$22.80
50-Day Range
$12.66
MA: $16.74
$20.61
52-Week Range
$8.82
Now: $20.68
$22.80
Volume1.49 million shs
Average Volume521,053 shs
Market Capitalization$751.72 million
P/E Ratio54.42
Dividend Yield3.74%
Beta0.97
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: 1.1Community Rank: 1.7Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.72 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.54 billion
Cash Flow$3.60 per share
Book Value$18.92 per share

Profitability

Net Income$5.74 million

Miscellaneous

Employees17,200
Market Cap$751.72 million
Next Earnings Date8/12/2020 (Estimated)
OptionableOptionable

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SpartanNash (NASDAQ:SPTN) Frequently Asked Questions

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

SpartanNash's stock was trading at $11.49 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SPTN stock has increased by 80.0% and is now trading at $20.68. View which stocks have been most impacted by Coronavirus.

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 3 hold ratings and 1 buy rating 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, August 12th 2020. View our earnings forecast for SpartanNash.

How were SpartanNash's earnings last quarter?

SpartanNash Co (NASDAQ:SPTN) posted its quarterly earnings data on Wednesday, May, 27th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.48 by $0.19. The business earned $2.86 billion during the quarter, compared to the consensus estimate of $2.62 billion. SpartanNash had a net margin of 0.15% and a return on equity of 8.06%. The company's revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 earnings per share. View SpartanNash's earnings history.

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

SpartanNash announced a quarterly dividend on Wednesday, May 27th. Stockholders of record on Friday, June 12th will be given a dividend of $0.192 per share on Tuesday, June 30th. This represents a $0.77 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Thursday, June 11th. View SpartanNash's dividend history.

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

SpartanNash updated its FY20 earnings guidance on Wednesday, May, 27th. The company provided earnings per share guidance of $1.85-2.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.61.

What price target have analysts set for SPTN?

4 brokers have issued 12-month price objectives for SpartanNash's stock. Their forecasts range from $9.00 to $20.00. On average, they anticipate SpartanNash's share price to reach $14.50 in the next year. This suggests that the stock has a possible downside of 29.9%. View analysts' price targets for SpartanNash.

What are Wall Street analysts saying about SpartanNash stock?

Here are some recent quotes from research analysts about SpartanNash stock:
  • 1. According to Zacks Investment Research, "SpartanNash Co. is a food distributor serving military commissaries and exchanges in the United States. The company's core businesses include distributing food to military commissaries and exchanges and independent and corporate-owned retail stores located in 44 states and the District of Columbia, Europe, Cuba, Puerto Rico, the Azores, Bahrain and Egypt. It operates supermarkets, primarily under the banners of Family Fare Supermarkets, No Frills, Bag 'n Save and Econofoods. SpartanNash Co., formerly known as Spartan Stores, Inc., is headquartered in United States. " (4/24/2020)
  • 2. Pivotal Research analysts commented, "We remain below the latest guidance range with a revised FY19 EPS est. of $1.11 (down from $1.16) and EBITDA est. of $179 million (from $182 million). Consistent with SPTN’s pre-announcement earlier this week, the revised FY19 EBITDA guidance is $183-$195 million (from $190-$205 million) and adj. EPS guidance is $1.20-$1.35 (from $1.20-$1.50). With SPTN now trading at a forward EV/EBITDA multiple of around 5.5x, near-term risks are better accounted for." (8/15/2019)

Has SpartanNash been receiving favorable news coverage?

Media coverage about SPTN stock has been trending somewhat positive on Friday, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. SpartanNash earned a media sentiment score of 0.7 on InfoTrie's scale. They also gave news articles about the company a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an effect on the company's share price in the next several days. View the latest news aboutSpartanNash.

Are investors shorting SpartanNash?

SpartanNash saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,900,000 shares, an increase of 5.6% from the April 30th total of 1,800,000 shares. Based on an average trading volume of 508,800 shares, the short-interest ratio is currently 3.7 days. Currently, 5.5% of the company's stock are sold short. View SpartanNash's Current Options Chain.

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 CROWN CASTLE IN/SH SH (CCI), Walt Disney (DIS), Energy Transfer LP Unit (ET), IBM (IBM), AbbVie (ABBV), Enterprise Products Partners (EPD), QUALCOMM (QCOM), Amgen (AMGN), Intel (INTC) and Johnson & Johnson (JNJ).

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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.89%), State Street Corp (3.80%), Invesco Ltd. (2.44%), JPMorgan Chase & Co. (2.07%), Bank of New York Mellon Corp (1.92%) and Geode Capital Management LLC (1.48%). Company insiders that own SpartanNash stock include David M Staples, Dennis Eidson, Douglas A Hacker, Elizabeth A Nickels, Kathleen M Mahoney, M Shan Atkins, William R Voss and Yvonne R Jackson. View institutional ownership trends for SpartanNash.

Which institutional investors are selling SpartanNash stock?

SPTN stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Two Sigma Investments LP, SG Americas Securities LLC, Morgan Stanley, UBS Group AG, Squarepoint Ops LLC, Robeco Institutional Asset Management B.V., and Engineers Gate Manager LP. View insider buying and selling activity for SpartanNash.

Which institutional investors are buying SpartanNash stock?

SPTN stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., JPMorgan Chase & Co., MERIAN GLOBAL INVESTORS UK Ltd, Invesco Ltd., State Street Corp, Hillsdale Investment Management Inc., Bank of New York Mellon Corp, and Los Angeles Capital Management & Equity Research Inc.. 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 $20.68.

How big of a company is SpartanNash?

SpartanNash has a market capitalization of $751.72 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 5/29/2020 by MarketBeat.com Staff

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