Headlines about SpartanNash (NASDAQ:SPTN) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SpartanNash earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.3285884291737 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- SpartanNash (SPTN) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- SpartanNash (SPTN) Lifted to Buy at ValuEngine (americanbankingnews.com)
- SpartanNash (SPTN) Upgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- SpartanNash (SPTN) Upgraded at BidaskClub (americanbankingnews.com)
SPTN has been the subject of several analyst reports. ValuEngine lowered SpartanNash from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Northcoast Research lowered SpartanNash from a “buy” rating to a “neutral” rating in a report on Friday, January 5th. BidaskClub lowered SpartanNash from a “hold” rating to a “sell” rating in a report on Thursday, January 18th. Pivotal Research reiterated a “sell” rating and set a $20.00 price objective (down previously from $21.00) on shares of SpartanNash in a report on Wednesday, February 21st. Finally, Deutsche Bank decreased their price objective on SpartanNash from $24.00 to $21.00 and set a “hold” rating for the company in a report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. SpartanNash has an average rating of “Hold” and an average target price of $22.20.
SPTN traded down $0.14 during midday trading on Friday, hitting $18.04. 71,820 shares of the company were exchanged, compared to its average volume of 189,720. The company has a market capitalization of $656.91, a P/E ratio of 8.59, a P/E/G ratio of 1.34 and a beta of 1.10. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.82 and a current ratio of 2.03. SpartanNash has a 1-year low of $16.32 and a 1-year high of $37.83.
SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. SpartanNash had a positive return on equity of 10.08% and a negative net margin of 0.65%. SpartanNash’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. analysts forecast that SpartanNash will post 2.26 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Friday, March 16th were given a dividend of $0.18 per share. This is an increase from SpartanNash’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend was Thursday, March 15th. SpartanNash’s dividend payout ratio (DPR) is currently 34.29%.
In related news, CFO Mark Shamber purchased 5,500 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were bought at an average cost of $18.24 per share, with a total value of $100,320.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by company insiders.
SpartanNash Company Profile
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 retail locations, food service distributors, and corporate-owned retail stores.
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