ValuEngine upgraded shares of SpartanNash (NASDAQ:SPTN) from a strong sell rating to a sell rating in a research note released on Saturday, ValuEngine reports.

Several other equities research analysts have also recently issued reports on SPTN. BMO Capital Markets upgraded SpartanNash from an underperform rating to a market perform rating and lifted their price objective for the stock from $10.00 to $14.00 in a report on Wednesday, March 18th. Zacks Investment Research upgraded SpartanNash from a hold rating to a strong-buy rating and set a $19.00 price objective on the stock in a report on Friday, April 24th. Barclays reiterated a hold rating and issued a $20.00 price objective on shares of SpartanNash in a report on Friday, May 29th. Finally, BidaskClub upgraded SpartanNash from a hold rating to a buy rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Hold and an average price target of $15.50.

Shares of SpartanNash stock opened at $21.25 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.54 and a debt-to-equity ratio of 1.25. SpartanNash has a twelve month low of $8.82 and a twelve month high of $22.80. The business has a 50-day moving average price of $19.48 and a 200 day moving average price of $15.21. The firm has a market cap of $759.63 million, a PE ratio of 55.92 and a beta of 1.04.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.19. SpartanNash had a return on equity of 8.07% and a net margin of 0.15%. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the firm posted $0.24 EPS. SpartanNash’s revenue was up 12.4% compared to the same quarter last year. On average, sell-side analysts expect that SpartanNash will post 2.01 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were issued a dividend of $0.192 per share. This represents a $0.77 annualized dividend and a dividend yield of 3.61%. The ex-dividend date was Thursday, June 11th. SpartanNash’s dividend payout ratio is currently 70.00%.

Several institutional investors have recently modified their holdings of SPTN. Victory Capital Management Inc. boosted its holdings in shares of SpartanNash by 91.1% during the 4th quarter. Victory Capital Management Inc. now owns 35,123 shares of the company’s stock worth $428,000 after purchasing an additional 16,745 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of SpartanNash by 8.8% during the 4th quarter. New York State Common Retirement Fund now owns 38,076 shares of the company’s stock worth $542,000 after purchasing an additional 3,076 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of SpartanNash by 5.5% during the 4th quarter. Rhumbline Advisers now owns 128,338 shares of the company’s stock worth $1,828,000 after purchasing an additional 6,715 shares during the last quarter. Swiss National Bank lifted its holdings in SpartanNash by 4.0% in the fourth quarter. Swiss National Bank now owns 69,580 shares of the company’s stock valued at $991,000 after acquiring an additional 2,700 shares during the last quarter. Finally, State Street Corp lifted its holdings in SpartanNash by 2.5% in the fourth quarter. State Street Corp now owns 1,287,883 shares of the company’s stock valued at $18,339,000 after acquiring an additional 31,912 shares during the last quarter. Institutional investors and hedge funds own 78.30% of the company’s stock.

About SpartanNash

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 retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores.

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