Somewhat Positive News Coverage Somewhat Unlikely to Impact SpartanNash (SPTN) Stock Price
Media coverage about SpartanNash (NASDAQ:SPTN) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SpartanNash earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.3614540572913 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- SpartanNash Co (SPTN) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Equities Analysts Offer Predictions for SpartanNash Co’s FY2022 Earnings (SPTN) (americanbankingnews.com)
- SpartanNash Introduces Our Family® Brand to Michigan Retail Stores, Independent Retail Customers (finance.yahoo.com)
- Brokers Offer Predictions for SpartanNash Co’s FY2018 Earnings (SPTN) (americanbankingnews.com)
- SpartanNash (SPTN) Stock Rating Lowered by Northcoast Research (americanbankingnews.com)
A number of analysts have issued reports on the company. ValuEngine downgraded SpartanNash from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Northcoast Research downgraded SpartanNash from a “buy” rating to a “neutral” rating in a report on Friday, January 5th. BidaskClub raised SpartanNash from a “sell” rating to a “hold” rating in a report on Saturday, December 2nd. Jefferies Group reaffirmed a “hold” rating and set a $25.00 price target on shares of SpartanNash in a report on Monday, October 16th. Finally, Pivotal Research reaffirmed a “sell” rating and set a $18.00 price target on shares of SpartanNash in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. SpartanNash presently has a consensus rating of “Hold” and a consensus target price of $23.20.
SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.54. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.90 billion. SpartanNash had a positive return on equity of 10.35% and a negative net margin of 0.93%. SpartanNash’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 EPS. sell-side analysts predict that SpartanNash will post 2.11 earnings per share for the current fiscal year.
SpartanNash announced that its board has approved a share buyback program on Thursday, November 16th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 8th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Thursday, December 7th. SpartanNash’s dividend payout ratio (DPR) is currently -32.84%.
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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