News stories about SpartanNash (NASDAQ:SPTN) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SpartanNash earned a news impact score of 0.19 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.4661374647079 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
Shares of SpartanNash (NASDAQ SPTN) opened at $25.29 on Friday. SpartanNash has a 12 month low of $18.56 and a 12 month high of $39.92. The stock has a market cap of $932.43, a PE ratio of -12.52, a price-to-earnings-growth ratio of 1.93 and a beta of 1.02. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.92.
SpartanNash (NASDAQ:SPTN) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.90 billion. SpartanNash had a negative net margin of 0.93% and a positive return on equity of 10.35%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $0.53 EPS. sell-side analysts predict that SpartanNash will post 2.11 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 8th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.66 annualized dividend and a dividend yield of 2.61%. SpartanNash’s payout ratio is currently -32.67%.
SpartanNash declared that its Board of Directors has authorized a stock buyback program on Thursday, November 16th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.
A number of equities research analysts recently commented on SPTN shares. BidaskClub raised shares of SpartanNash from a “sell” rating to a “hold” rating in a research note on Saturday, December 2nd. ValuEngine cut shares of SpartanNash from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. TheStreet cut shares of SpartanNash from a “b-” rating to a “c-” rating in a research note on Wednesday, November 8th. Jefferies Group reaffirmed a “hold” rating and set a $25.00 price target on shares of SpartanNash in a research note on Monday, October 16th. Finally, Northcoast Research cut shares of SpartanNash from a “buy” rating to a “neutral” rating in a research note on Friday, January 5th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. SpartanNash currently has an average rating of “Hold” and a consensus price target of $23.20.
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SpartanNash Company Profile
SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries.
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