Positive Media Coverage Somewhat Unlikely to Affect SpartanNash (SPTN) Share Price
News coverage about SpartanNash (NASDAQ:SPTN) has trended positive on Thursday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SpartanNash earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.5667268452715 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
SpartanNash (NASDAQ:SPTN) traded up $0.41 on Thursday, reaching $22.38. 128,700 shares of the company traded hands, compared to its average volume of 225,828. The company has a market cap of $812.27, a PE ratio of -11.08, a P/E/G ratio of 1.68 and a beta of 0.88. SpartanNash has a 1-year low of $18.56 and a 1-year high of $39.67. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.92.
SpartanNash announced that its board has approved a stock repurchase plan on Thursday, November 16th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
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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