News coverage about SpartanNash (NASDAQ:SPTN) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SpartanNash earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.5260110627204 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of brokerages have recently issued reports on SPTN. BMO Capital Markets upgraded shares of SpartanNash from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $25.00 to $23.00 in a research note on Friday, March 2nd. They noted that the move was a valuation call. Zacks Investment Research raised shares of SpartanNash from a “sell” rating to a “hold” rating in a report on Saturday, February 24th. Deutsche Bank decreased their price objective on shares of SpartanNash from $24.00 to $21.00 and set a “hold” rating on the stock in a report on Thursday, February 22nd. Pivotal Research reissued a “sell” rating and set a $20.00 price objective (down previously from $21.00) on shares of SpartanNash in a report on Wednesday, February 21st. Finally, ValuEngine downgraded shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $22.20.
Shares of SpartanNash stock opened at $17.63 on Thursday. The company has a market cap of $657.17, a PE ratio of -12.42, a P/E/G ratio of 1.34 and a beta of 1.17. SpartanNash has a fifty-two week low of $16.32 and a fifty-two week high of $37.83. The company has a current ratio of 2.03, a quick ratio of 0.82 and a debt-to-equity ratio of 1.03.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 16th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Thursday, March 15th. This is an increase from SpartanNash’s previous quarterly dividend of $0.17. SpartanNash’s dividend payout ratio is -50.70%.
In other SpartanNash news, CFO Mark Shamber purchased 5,500 shares of SpartanNash stock in a transaction on Friday, March 2nd. The shares were bought at an average price of $18.24 per share, with a total value of $100,320.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is owned by corporate insiders.
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SpartanNash Company Profile
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.
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