SpartanNash (NASDAQ:SPTN) announced a quarterly dividend on Thursday, March 1st, Zacks reports. Investors of record on Friday, March 16th will be given a dividend of 0.18 per share on Thursday, March 29th. This represents a $0.72 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Thursday, March 15th. This is an increase from SpartanNash’s previous quarterly dividend of $0.17.
NASDAQ:SPTN traded down $0.11 during midday trading on Thursday, reaching $17.94. 204,911 shares of the stock traded hands, compared to its average volume of 302,886. The company has a quick ratio of 0.82, a current ratio of 2.03 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $618.95, a P/E ratio of 8.54, a P/E/G ratio of 1.27 and a beta of 1.10. SpartanNash has a 12 month low of $16.32 and a 12 month high of $37.83.
SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.94 billion. SpartanNash had a negative net margin of 0.65% and a positive return on equity of 10.08%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share. analysts anticipate that SpartanNash will post 2.26 EPS for the current year.
A number of brokerages have issued reports on SPTN. Northcoast Research downgraded shares of SpartanNash from a “buy” rating to a “neutral” rating in a research report on Friday, January 5th. BMO Capital Markets raised shares of SpartanNash from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $25.00 to $23.00 in a research report on Friday, March 2nd. They noted that the move was a valuation call. Pivotal Research reissued a “sell” rating and set a $20.00 price objective (down from $21.00) on shares of SpartanNash in a research report on Wednesday, February 21st. Zacks Investment Research raised shares of SpartanNash from a “sell” rating to a “hold” rating in a research report on Saturday, February 24th. Finally, ValuEngine downgraded shares of SpartanNash from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Two equities research 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 stock currently has an average rating of “Hold” and an average price target of $22.20.
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.
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