SpartanNash Co (NASDAQ:SPTN) declared a quarterly dividend on Thursday, March 1st, Zacks reports. Shareholders of record on Friday, March 16th will be paid a dividend of 0.18 per share on Thursday, March 29th. This represents a $0.72 annualized dividend and a yield of 3.80%. The ex-dividend date is Thursday, March 15th. This is an increase from SpartanNash’s previous quarterly dividend of $0.17.
SpartanNash (NASDAQ:SPTN) opened at $18.96 on Wednesday. SpartanNash has a 1 year low of $16.32 and a 1 year high of $37.83. The company has a market cap of $678.07, a P/E ratio of 8.96, a price-to-earnings-growth ratio of 1.39 and a beta of 1.17. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.82 and a current ratio of 2.03.
SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). SpartanNash had a negative net margin of 0.65% and a positive return on equity of 10.08%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. equities research analysts anticipate that SpartanNash will post 2.26 EPS for the current year.
Several research analysts have commented on SPTN shares. BidaskClub downgraded shares of SpartanNash from a “hold” rating to a “sell” rating in a research report on Thursday, January 18th. Northcoast Research downgraded shares of SpartanNash from a “buy” rating to a “neutral” rating in a research report on Friday, January 5th. Deutsche Bank decreased their target price on shares of SpartanNash from $24.00 to $21.00 and set a “hold” rating on the stock in a research note on Thursday, February 22nd. ValuEngine cut shares of SpartanNash from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Pivotal Research reaffirmed a “sell” rating and set a $20.00 target price (down previously from $21.00) on shares of SpartanNash in a research note on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. SpartanNash has a consensus rating of “Hold” and a consensus target price of $22.20.
In related news, CFO Mark Shamber bought 5,500 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were purchased at an average price of $18.24 per share, with a total value of $100,320.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.00% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “SpartanNash Co (SPTN) to Issue Quarterly Dividend of $0.18 on March 29th” was published by BBNS and is the property of of BBNS. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://baseballnewssource.com/2018/03/14/spartannash-co-sptn-to-issue-quarterly-dividend-of-0-18-on-march-29th/2028860.html.
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.
Receive News & Ratings for SpartanNash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SpartanNash and related companies with MarketBeat.com's FREE daily email newsletter.