Somewhat Positive Media Coverage Somewhat Unlikely to Impact SpartanNash (SPTN) Stock Price

Media headlines about SpartanNash (NASDAQ:SPTN) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. 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 news impact score of 0.17 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.362247762043 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

SpartanNash (NASDAQ SPTN) opened at $25.29 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.74 and a current ratio of 1.81. The firm has a market capitalization of $935.02, a PE ratio of -12.52, a price-to-earnings-growth ratio of 1.93 and a beta of 1.02. SpartanNash has a twelve month low of $18.56 and a twelve month high of $39.92.

SpartanNash (NASDAQ:SPTN) last posted its earnings results on Wednesday, November 8th. The company reported $0.54 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.90 billion. SpartanNash had a positive return on equity of 10.35% and a negative net margin of 0.93%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. equities analysts predict that SpartanNash will post 2.11 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were issued a dividend of $0.165 per share. The ex-dividend date was Thursday, December 7th. This represents a $0.66 annualized dividend and a yield of 2.61%. SpartanNash’s dividend payout ratio is presently -32.67%.

SpartanNash declared that its board has authorized a stock buyback program on Thursday, November 16th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

A number of brokerages recently commented on SPTN. ValuEngine cut SpartanNash from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Northcoast Research cut SpartanNash from a “buy” rating to a “neutral” rating in a research note on Friday, January 5th. BidaskClub raised SpartanNash from a “sell” rating to a “hold” rating in a research note on Saturday, December 2nd. Jefferies Group reaffirmed a “hold” rating and set a $25.00 price objective on shares of SpartanNash in a research note on Monday, October 16th. Finally, Pivotal Research reaffirmed a “sell” rating and set a $18.00 price objective on shares of SpartanNash in a research note on Wednesday, November 8th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average 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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