Somewhat Favorable Media Coverage Somewhat Unlikely to Affect SpartanNash (SPTN) Stock Price
Media stories about SpartanNash (NASDAQ:SPTN) have trended somewhat positive recently, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public 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 headlines about the company an impact score of 46.5948567294851 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of SpartanNash (NASDAQ:SPTN) traded down $0.10 during mid-day trading on Wednesday, reaching $26.56. 93,690 shares of the company’s stock were exchanged, compared to its average volume of 209,408. SpartanNash has a 1 year low of $18.56 and a 1 year high of $40.38. The company has a market capitalization of $983.45, a PE ratio of -13.21, a PEG ratio of 4.20 and a beta of 1.02. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.92.
SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. SpartanNash had a negative net margin of 0.93% and a positive return on equity of 10.35%. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same period last year, the firm earned $0.53 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. analysts forecast that SpartanNash will post 2.11 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.66 dividend on an annualized basis and a yield of 2.48%. SpartanNash’s payout ratio is presently -32.84%.
SpartanNash declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 16th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
Several analysts have recently commented on SPTN shares. TheStreet cut shares of SpartanNash from a “b-” rating to a “c-” rating in a research note on Wednesday, November 8th. ValuEngine cut shares of SpartanNash from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Jefferies Group set a $25.00 price target on shares of SpartanNash and gave the company a “hold” rating in a research note on Monday, September 11th. BMO Capital Markets started coverage on shares of SpartanNash in a research note on Tuesday, September 12th. They set a “market perform” rating and a $25.00 price target on the stock. Finally, Pivotal Research reissued a “sell” rating and set a $18.00 price target on shares of SpartanNash in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $23.20.
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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