SpartanNash (NASDAQ:SPTN) posted its quarterly earnings data on Monday. The company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.01, Bloomberg Earnings reports. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.51 billion. SpartanNash had a return on equity of 9.31% and a net margin of 0.42%. SpartanNash’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 earnings per share. SpartanNash updated its FY 2019 guidance to $1.20-1.50 EPS and its FY19 guidance to $1.20-1.50 EPS.

Shares of SPTN opened at $13.88 on Wednesday. The company has a current ratio of 2.10, a quick ratio of 0.94 and a debt-to-equity ratio of 0.95. The firm has a market cap of $536.04 million, a price-to-earnings ratio of 7.42, a PEG ratio of 1.64 and a beta of 1.19. SpartanNash has a 12 month low of $13.34 and a 12 month high of $26.99.

In other SpartanNash news, Director Yvonne R. Jackson sold 1,800 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $18.33, for a total transaction of $32,994.00. Following the sale, the director now owns 33,081 shares of the company’s stock, valued at $606,374.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elizabeth A. Nickels sold 4,676 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $17.45, for a total transaction of $81,596.20. Following the sale, the director now directly owns 42,493 shares in the company, valued at approximately $741,502.85. The disclosure for this sale can be found here. Insiders have sold 11,152 shares of company stock worth $188,845 in the last ninety days. Insiders own 2.20% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of SPTN. PNC Financial Services Group Inc. boosted its position in shares of SpartanNash by 77.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,588 shares of the company’s stock worth $27,000 after purchasing an additional 692 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of SpartanNash during the 4th quarter worth about $37,000. Quantamental Technologies LLC bought a new position in shares of SpartanNash during the 4th quarter worth about $49,000. SEI Investments Co bought a new position in shares of SpartanNash during the 1st quarter worth about $48,000. Finally, Advisor Group Inc. boosted its position in shares of SpartanNash by 28.4% during the 4th quarter. Advisor Group Inc. now owns 3,213 shares of the company’s stock worth $55,000 after purchasing an additional 711 shares in the last quarter. 86.87% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently weighed in on the company. Barclays decreased their price objective on SpartanNash from $15.00 to $13.00 and set an “underweight” rating for the company in a report on Tuesday. Zacks Investment Research downgraded SpartanNash from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. BidaskClub downgraded SpartanNash from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. ValuEngine downgraded SpartanNash from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Finally, Pivotal Research restated a “sell” rating and issued a $12.00 price objective (down from $14.00) on shares of SpartanNash in a report on Thursday, February 21st. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $20.17.

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

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Earnings History for SpartanNash (NASDAQ:SPTN)

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