Media coverage about SpartanNash (NASDAQ:SPTN) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SpartanNash earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media headlines 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 next few days.
Several analysts have issued reports on the stock. Pivotal Research reissued a “sell” rating and set a $18.00 target price on shares of SpartanNash in a research note on Wednesday, November 8th. Northcoast Research cut shares of SpartanNash from a “buy” rating to a “neutral” rating in a report on Friday, January 5th. Barclays lowered their price target on shares of SpartanNash from $28.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, November 10th. Jefferies Group reiterated a “hold” rating and issued a $25.00 price objective on shares of SpartanNash in a report on Monday, October 16th. Finally, TheStreet cut shares of SpartanNash from a “b-” rating to a “c-” rating in a report on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. SpartanNash currently has an average rating of “Hold” and a consensus price target of $23.20.
Shares of SpartanNash (SPTN) traded down $0.30 on Friday, hitting $25.10. 195,085 shares of the stock were exchanged, compared to its average volume of 234,891. SpartanNash has a 1-year low of $18.56 and a 1-year high of $39.67. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.81 and a quick ratio of 0.74. The firm has a market capitalization of $917.03, a price-to-earnings ratio of -12.49, a P/E/G ratio of 1.94 and a beta of 1.02.
SpartanNash (NASDAQ:SPTN) last posted 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. SpartanNash had a negative net margin of 0.93% and a positive return on equity of 10.35%. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the business posted $0.53 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. equities research analysts predict that SpartanNash will post 2.11 earnings per share for the current year.
SpartanNash announced that its board has approved a stock buyback plan 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. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were paid 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 yield of 2.63%. SpartanNash’s dividend payout ratio is -32.84%.
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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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