SpartanNash (SPTN) Releases FY18 Earnings Guidance
SpartanNash (NASDAQ:SPTN) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.02-2.14 for the period, compared to the Thomson Reuters consensus estimate of $2.25.
Several brokerages recently commented on SPTN. BidaskClub raised SpartanNash from a sell rating to a hold rating in a research note on Thursday. Zacks Investment Research downgraded SpartanNash from a hold rating to a sell rating in a research note on Wednesday, August 1st. Finally, ValuEngine downgraded SpartanNash from a sell rating to a strong sell rating in a research note on Monday, July 30th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. SpartanNash has an average rating of Hold and an average target price of $22.83.
SPTN stock opened at $23.80 on Thursday. The stock has a market cap of $847.03 million, a price-to-earnings ratio of 11.33, a PEG ratio of 1.74 and a beta of 1.15. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.12 and a quick ratio of 0.88. SpartanNash has a 1 year low of $16.32 and a 1 year high of $27.72.
In other SpartanNash news, insider Kathleen M. Mahoney sold 10,000 shares of the stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $26.50, for a total transaction of $265,000.00. Following the completion of the transaction, the insider now owns 59,451 shares in the company, valued at approximately $1,575,451.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David M. Staples sold 1,865 shares of the stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $25.81, for a total value of $48,135.65. Following the transaction, the chief executive officer now owns 168,906 shares of the company’s stock, valued at approximately $4,359,463.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,096 shares of company stock valued at $1,753,571. Corporate insiders own 2.40% of the company’s stock.
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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