SpartanNash Co (NASDAQ:SPTN) – Equities researchers at Northcoast Research lowered their FY2018 EPS estimates for SpartanNash in a research note issued to investors on Monday, August 20th. Northcoast Research analyst C. Cerankosky now forecasts that the company will post earnings per share of $2.10 for the year, down from their previous estimate of $2.26. Northcoast Research also issued estimates for SpartanNash’s Q4 2018 earnings at $0.49 EPS and FY2019 earnings at $2.28 EPS.

SpartanNash (NASDAQ:SPTN) last issued its earnings results on Wednesday, August 15th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.07). The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. SpartanNash had a positive return on equity of 10.23% and a negative net margin of 0.72%. SpartanNash’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS.

Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded SpartanNash from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Saturday, June 2nd. BidaskClub upgraded SpartanNash from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. BMO Capital Markets set a $25.00 price target on SpartanNash and gave the stock a “buy” rating in a report on Thursday, May 31st. Finally, Barclays raised their price target on SpartanNash from $17.00 to $23.00 and gave the stock an “equal weight” rating in a report on Thursday, May 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $22.33.

Shares of SPTN opened at $20.15 on Tuesday. The company has a market capitalization of $714.48 million, a PE ratio of 9.94, a PEG ratio of 1.64 and a beta of 1.15. The company has a quick ratio of 0.88, a current ratio of 2.06 and a debt-to-equity ratio of 0.97. SpartanNash has a 52 week low of $16.32 and a 52 week high of $27.72.

In related news, CEO David M. Staples sold 3,989 shares of the firm’s stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $23.00, for a total value of $91,747.00. Following the sale, the chief executive officer now owns 174,760 shares of the company’s stock, valued at approximately $4,019,480. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David M. Staples sold 1,865 shares of the firm’s stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $25.81, for a total value of $48,135.65. Following the completion of the sale, the chief executive officer now directly owns 168,906 shares in the company, valued at approximately $4,359,463.86. The disclosure for this sale can be found here. In the last three months, insiders sold 67,096 shares of company stock worth $1,753,571. Company insiders own 2.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in SPTN. BlackRock Inc. lifted its holdings in shares of SpartanNash by 8.6% in the 2nd quarter. BlackRock Inc. now owns 5,178,585 shares of the company’s stock worth $132,157,000 after purchasing an additional 408,988 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of SpartanNash by 1,243.7% in the 2nd quarter. Millennium Management LLC now owns 324,526 shares of the company’s stock worth $8,282,000 after purchasing an additional 300,375 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of SpartanNash in the 2nd quarter worth approximately $4,659,000. United Services Automobile Association bought a new stake in SpartanNash during the 2nd quarter valued at $7,901,000. Finally, LSV Asset Management raised its stake in SpartanNash by 7.7% during the 1st quarter. LSV Asset Management now owns 1,621,596 shares of the company’s stock valued at $27,907,000 after acquiring an additional 116,000 shares in the last quarter. 83.46% of the stock is currently owned by institutional investors and hedge funds.

About SpartanNash

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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Earnings History and Estimates for SpartanNash (NASDAQ:SPTN)

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