Shares of SpartanNash Co (NASDAQ:SPTN) have been assigned an average recommendation of “Hold” from the ten research firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $16.00.

Several equities analysts have commented on SPTN shares. Zacks Investment Research downgraded shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Barclays decreased their price objective on shares of SpartanNash from $15.00 to $13.00 and set an “underweight” rating on the stock in a report on Tuesday, May 21st. Pivotal Research decreased their price objective on shares of SpartanNash from $12.00 to $10.00 and set a “sell” rating on the stock in a report on Tuesday, June 11th. Loop Capital initiated coverage on shares of SpartanNash in a research note on Tuesday, June 25th. They issued a “buy” rating and a $15.00 price target on the stock. Finally, ValuEngine downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th.

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its stake in shares of SpartanNash by 77.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,588 shares of the company’s stock valued at $27,000 after acquiring an additional 692 shares in the last quarter. Advisor Group Inc. grew its stake in shares of SpartanNash by 28.4% in the fourth quarter. Advisor Group Inc. now owns 3,213 shares of the company’s stock valued at $55,000 after acquiring an additional 711 shares in the last quarter. Quantamental Technologies LLC grew its stake in shares of SpartanNash by 35.5% in the first quarter. Quantamental Technologies LLC now owns 3,859 shares of the company’s stock valued at $61,000 after acquiring an additional 1,011 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of SpartanNash by 270.5% in the first quarter. Meeder Asset Management Inc. now owns 5,758 shares of the company’s stock valued at $91,000 after acquiring an additional 4,204 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of SpartanNash by 126.1% in the first quarter. BNP Paribas Arbitrage SA now owns 7,540 shares of the company’s stock valued at $120,000 after acquiring an additional 4,205 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Shares of NASDAQ:SPTN traded down $0.24 on Friday, hitting $11.48. The company had a trading volume of 4,529 shares, compared to its average volume of 310,073. SpartanNash has a 1-year low of $10.70 and a 1-year high of $26.16. The company has a market cap of $429.59 million, a PE ratio of 6.23, a price-to-earnings-growth ratio of 1.27 and a beta of 1.36. The stock’s 50 day moving average is $11.55. The company has a current ratio of 1.90, a quick ratio of 0.82 and a debt-to-equity ratio of 1.49.

SpartanNash (NASDAQ:SPTN) last released its quarterly earnings data on Monday, May 20th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. SpartanNash had a net margin of 0.35% and a return on equity of 7.77%. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the previous year, the company earned $0.55 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities analysts predict that SpartanNash will post 1.33 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.19 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.76 annualized dividend and a dividend yield of 6.62%. SpartanNash’s dividend payout ratio (DPR) is presently 40.64%.

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 retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores.

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Analyst Recommendations for SpartanNash (NASDAQ:SPTN)

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