SpartanNash (NASDAQ:SPTN) Issues FY 2021 Earnings Guidance

SpartanNash (NASDAQ:SPTN) updated its FY 2021 earnings guidance on Wednesday. The company provided EPS guidance of $1.700-$1.800 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.780. The company issued revenue guidance of $8.80 billion-$9 billion, compared to the consensus revenue estimate of $8.89 billion.

Several brokerages have recently weighed in on SPTN. Deutsche Bank Aktiengesellschaft raised their target price on SpartanNash from $21.00 to $24.00 and gave the stock a hold rating in a research report on Friday, November 12th. Zacks Investment Research lowered SpartanNash from a hold rating to a sell rating in a research report on Tuesday, November 16th. Finally, Northcoast Research lowered SpartanNash from a buy rating to a neutral rating and set a $16.50 target price on the stock. in a research report on Monday, November 15th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to, SpartanNash presently has an average rating of Hold and an average price target of $20.50.

Shares of SpartanNash stock traded down $0.27 during trading on Thursday, reaching $25.01. The company’s stock had a trading volume of 174,403 shares, compared to its average volume of 316,974. The company has a quick ratio of 0.70, a current ratio of 1.43 and a debt-to-equity ratio of 0.52. SpartanNash has a 12-month low of $16.71 and a 12-month high of $26.14. The company has a market capitalization of $898.96 million, a P/E ratio of 14.13 and a beta of 0.76. The business has a 50 day moving average price of $23.10 and a 200-day moving average price of $21.09.

SpartanNash (NASDAQ:SPTN) last posted its earnings results on Wednesday, November 10th. The company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. SpartanNash had a return on equity of 9.33% and a net margin of 0.70%. During the same period in the previous year, the business earned $0.70 earnings per share. Research analysts predict that SpartanNash will post 1.77 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 30th. Stockholders of record on Friday, December 10th will be issued a $0.20 dividend. The ex-dividend date is Thursday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.20%. SpartanNash’s dividend payout ratio (DPR) is 45.20%.

In related news, EVP Kathleen M. Mahoney sold 12,000 shares of the company’s stock in a transaction on Wednesday, September 1st. The stock was sold at an average price of $21.37, for a total value of $256,440.00. Following the completion of the transaction, the executive vice president now directly owns 74,600 shares in the company, valued at $1,594,202. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of SpartanNash by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 682,130 shares of the company’s stock worth $14,938,000 after buying an additional 18,045 shares during the period. UBS Group AG boosted its holdings in SpartanNash by 48.4% in the third quarter. UBS Group AG now owns 6,485 shares of the company’s stock valued at $143,000 after purchasing an additional 2,115 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in SpartanNash in the third quarter valued at about $578,000. 80.02% of the stock is owned by institutional investors.

SpartanNash Company Profile

SpartanNash Co engages in the distribution of grocery products to military commissaries in the U.S. It operates through the following segments: Military, Food Distribution and Retail. The Military segment sells and distributes grocery products primarily to U.S. military commissaries and exchanges. The Food Distribution segment distributes groceries to independent and corporate owned grocery retailers using multi-platform sales approach.

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Earnings History and Estimates for SpartanNash (NASDAQ:SPTN)

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