SpartanNash (SPTN) Receiving Somewhat Positive Press Coverage, Report Finds

News coverage about SpartanNash (NASDAQ:SPTN) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SpartanNash earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.5260110627204 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

NASDAQ:SPTN traded down $0.25 during trading hours on Thursday, hitting $17.21. The company’s stock had a trading volume of 338,734 shares, compared to its average volume of 306,422. The stock has a market capitalization of $614.27, a price-to-earnings ratio of -12.12, a PEG ratio of 1.26 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 has a 52-week low of $16.32 and a 52-week high of $37.83.

How to Become a New Pot Stock Millionaire

SpartanNash (NASDAQ:SPTN) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.94 billion. SpartanNash had a positive return on equity of 10.08% and a negative net margin of 0.65%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. analysts predict that SpartanNash will post 2.26 EPS for the current year.

The company also recently announced 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 is a positive change from SpartanNash’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.72 annualized dividend and a yield of 4.18%. SpartanNash’s dividend payout ratio is -50.70%.

Several equities analysts have weighed in on the company. Pivotal Research reaffirmed a “sell” rating and issued a $20.00 target price (down from $21.00) on shares of SpartanNash in a research report on Wednesday, February 21st. Zacks Investment Research raised SpartanNash from a “sell” rating to a “hold” rating in a report on Saturday, February 24th. BidaskClub cut SpartanNash from a “hold” rating to a “sell” rating in a research note on Thursday, January 18th. Deutsche Bank reduced their price objective on SpartanNash from $24.00 to $21.00 and set a “hold” rating for the company in a research note on Thursday, February 22nd. Finally, BMO Capital Markets upgraded SpartanNash from a “market perform” rating to an “outperform” rating and cut 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. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $22.20.

In other news, CFO Mark Shamber bought 5,500 shares of the 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: “SpartanNash (SPTN) Receiving Somewhat Positive Press Coverage, Report Finds” was posted by BBNS and is the sole property of of BBNS. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://baseballnewssource.com/2018/03/29/spartannash-sptn-receives-daily-media-sentiment-score-of-0-15/1972997.html.

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.

Insider Buying and Selling by Quarter for SpartanNash (NASDAQ:SPTN)

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.

 


Latest News

Didi Gregorius Starts Season Hot at the Plate
Didi Gregorius Starts Season Hot at the Plate
Andujar, Stanton and Torres Shine in Yankees Rout
Andujar, Stanton and Torres Shine in Yankees Rout
Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Red Sox Tie Record for Best Start After 17 Games
Red Sox Tie Record for Best Start After 17 Games
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Rick Porcello’s Strong Start Gives Boost to Red Sox
Rick Porcello’s Strong Start Gives Boost to Red Sox


Leave a Reply

 
© 2006-2018 BBNS.