SpartanNash (NASDAQ:SPTN) posted its quarterly earnings results on Tuesday. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.02, Briefing.com reports. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.38 billion. SpartanNash had a negative net margin of 0.65% and a positive return on equity of 10.08%. SpartanNash’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 earnings per share. SpartanNash updated its FY18 guidance to $2.20-2.32 EPS.
SpartanNash opened at $18.88 on Wednesday, MarketBeat reports. SpartanNash has a 52-week low of $16.32 and a 52-week high of $31.59. The firm has a market capitalization of $695.57 million, a PE ratio of 8.99, a price-to-earnings-growth ratio of 1.42 and a beta of 1.10. The company has a quick ratio of 0.82, a current ratio of 2.03 and a debt-to-equity ratio of 1.03.
A number of research firms have weighed in on SPTN. Pivotal Research set a $15.00 price target on shares of SpartanNash and gave the stock a “sell” rating in a research note on Friday, May 25th. Zacks Investment Research downgraded shares of SpartanNash from a “buy” rating to a “hold” rating in a research note on Thursday, May 3rd. ValuEngine downgraded shares of SpartanNash from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Deutsche Bank cut their price target on shares of SpartanNash from $24.00 to $21.00 and set a “hold” rating on the stock in a research note on Thursday, February 22nd. Finally, BMO Capital Markets raised shares of 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 issued a buy rating to the stock. SpartanNash presently has an average rating of “Hold” and an average target price of $21.17.
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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