Wall Street analysts expect that SpartanNash (NASDAQ:SPTN) will report sales of $2.22 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for SpartanNash’s earnings, with the highest sales estimate coming in at $2.24 billion and the lowest estimate coming in at $2.19 billion. SpartanNash reported sales of $2.00 billion in the same quarter last year, which suggests a positive year over year growth rate of 11%. The business is scheduled to report its next quarterly earnings results after the market closes on Wednesday, February 24th.
According to Zacks, analysts expect that SpartanNash will report full year sales of $9.32 billion for the current year, with estimates ranging from $9.29 billion to $9.34 billion. For the next financial year, analysts expect that the business will post sales of $8.85 billion, with estimates ranging from $8.83 billion to $8.87 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow SpartanNash.
A number of equities research analysts have recently issued reports on the company. Northcoast Research restated a “buy” rating on shares of SpartanNash in a research report on Monday, November 23rd. Zacks Investment Research upgraded SpartanNash from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a research report on Wednesday, January 20th. Jefferies Financial Group reiterated a “hold” rating and issued a $20.00 price objective on shares of SpartanNash in a research report on Friday, November 20th. Finally, Barclays lowered SpartanNash from an “equal weight” rating to an “underweight” rating and set a $18.00 price objective for the company. in a research report on Thursday, January 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $20.50.
Shares of SPTN stock traded down $0.05 during trading hours on Wednesday, reaching $18.89. The company had a trading volume of 5,489 shares, compared to its average volume of 384,034. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.73 and a current ratio of 1.58. The stock has a fifty day moving average of $18.04 and a 200-day moving average of $18.80. The company has a market capitalization of $677.45 million, a price-to-earnings ratio of 9.74 and a beta of 0.82. SpartanNash has a 12-month low of $9.00 and a 12-month high of $23.94.
In other news, Director Frank Gambino sold 11,000 shares of the stock in a transaction on Friday, December 4th. The stock was sold at an average price of $19.46, for a total value of $214,060.00. Following the sale, the director now directly owns 41,879 shares in the company, valued at $814,965.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Yvonne R. Jackson sold 2,652 shares of the stock in a transaction on Wednesday, December 2nd. The shares were sold at an average price of $19.32, for a total value of $51,236.64. Following the completion of the transaction, the director now directly owns 35,068 shares in the company, valued at approximately $677,513.76. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. KBC Group NV increased its holdings in SpartanNash by 6.5% in the third quarter. KBC Group NV now owns 11,493 shares of the company’s stock valued at $188,000 after buying an additional 706 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in SpartanNash by 4.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 21,657 shares of the company’s stock valued at $377,000 after buying an additional 967 shares during the last quarter. 6 Meridian grew its holdings in shares of SpartanNash by 8.2% during the fourth quarter. 6 Meridian now owns 14,998 shares of the company’s stock worth $261,000 after purchasing an additional 1,137 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of SpartanNash by 6.3% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 25,985 shares of the company’s stock worth $452,000 after purchasing an additional 1,540 shares during the last quarter. Finally, Globeflex Capital L P grew its holdings in shares of SpartanNash by 1.9% during the third quarter. Globeflex Capital L P now owns 96,118 shares of the company’s stock worth $1,572,000 after purchasing an additional 1,780 shares during the last quarter. 83.88% of the stock is currently owned by hedge funds and other institutional investors.
SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 52,000 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.
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