SpartanNash (SPTN) Stock Price, News & Analysis

Company Overview

SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including 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 pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores. This segment offers various support services to independent retailers. The Retail segment operates retail stores, fuel centers, and pharmacies primarily under the banners of Family Fare, Martin's Super Markets, D&W Fresh Market, VG's Grocery, Family Fresh Market, Supermercado Nuestra Familia, Forest Hills Foods, Dillonvale IGA, and Fresh City Market. It supplies private brand products to military commissaries. The company was formerly known as Spartan Stores, Inc. and changed its name to SpartanNash Company in November 2013. SpartanNash Company was founded in 1917 and is headquartered in Grand Rapids, Michigan.

Key Stats

• Today's Range: $17.90 to $18.18
• 50-Day Range: $18.02 to $22.59
• 52-Week Range: $17.74 to $24.51
• Volume: 155,728 shs
• Average Volume: 264,181 shs
• Market Capitalization: $613.42 million
• P/E Ratio: 13.66
• Dividend Yield: 4.79%
• Price Target: $20.00
• Consensus Rating: Hold

SpartanNash Stock Analysis - MarketRank™

SpartanNash scored higher than 95% of companies evaluated by MarketBeat, and ranked 55th out of 215 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Hold

Consensus Rating

SpartanNash has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

SpartanNash has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 6.38%

Earnings Growth

Earnings for SpartanNash are expected to grow by 6.38% in the coming year, from $1.88 to $2.00 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of SpartanNash is 13.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of SpartanNash is 13.66, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 117.63.

Price to Book Value per Share Ratio

SpartanNash has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.64% of the float of SpartanNash has been sold short.

Short Interest Ratio / Days to Cover

SpartanNash has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SpartanNash has recently decreased by 9.36%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 5.0 / 5
• Dividend Strength: Strong

Dividend Leadership

SpartanNash is a leading dividend payer. It pays a dividend yield of 4.78%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

SpartanNash has been increasing its dividend for 14 years.

Dividend Coverage

The dividend payout ratio of SpartanNash is 65.41%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, SpartanNash will have a dividend payout ratio of 43.50% next year. This indicates that SpartanNash will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.3 / 5
• Environmental Score: -3.18

Percentage of Shares Shorted

2.64% of the float of SpartanNash has been sold short.

Short Interest Ratio / Days to Cover

SpartanNash has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SpartanNash has recently decreased by 9.36%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: N/A

News Sentiment

SpartanNash has a news sentiment score of 1.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 1 news article for SpartanNash this week, compared to 3 articles on an average week.

MarketBeat Follows

1 people have added SpartanNash to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, SpartanNash insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.40% of the stock of SpartanNash is held by insiders.

Percentage Held by Institutions

84.59% of the stock of SpartanNash is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SPTN Stock Analysis - Frequently Asked Questions

How have SPTN shares performed this year?

SpartanNash's stock was trading at $22.95 at the beginning of 2024. Since then, SPTN shares have decreased by 20.8% and is now trading at $18.17.
View the best growth stocks for 2024 here.

How were SpartanNash's earnings last quarter?

SpartanNash (NASDAQ:SPTN) issued its quarterly earnings data on Thursday, November, 7th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.01. The business's revenue for the quarter was down .6% compared to the same quarter last year.

Does SpartanNash have any subsidiaries?

SpartanNash subsidiaries include these companies: Martin's Super Markets LLC, Blue Ribbon Transport, Caito Foods Service, BRT SpartanNash LLC, Caito Foods LLC, Erickson’s Diversified Corporation, Family Fare LLC, and more.

Who are SpartanNash's major shareholders?

SpartanNash's top institutional shareholders include State Street Corp (3.95%), Geode Capital Management LLC (2.35%), Charles Schwab Investment Management Inc. (1.25%) and Ellsworth Advisors LLC (0.66%). Insiders that own company stock include Hawthorne L Proctor, Matthew Mannelly, William R Voss and Frank Gambino.
View institutional ownership trends.

How do I buy shares of SpartanNash?

Shares of SPTN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of SpartanNash own?

Based on aggregate information from My MarketBeat watchlists, some other companies that SpartanNash investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), The RMR Group (RMR), Voyager Therapeutics (VYGR), AUO (AUOTY) and DiamondRock Hospitality (DRH).

Company Calendar

• Ex-Dividend for 10/4 Dividend: 9/23/2024
• Dividend Payable: 10/04/2024
• Last Earnings: 11/07/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/20/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Retail/Wholesale
• Industry: Groceries, general line
• Sub-Industry: Food Distributors
• Current Symbol: NASDAQ:SPTN
• CUSIP: 84682210
• CIK: 877422
• Web: www.spartanstores.com
• Phone: (616) 878-2000
• Fax: 301-986-6079
• Employees: 17,000
• Year Founded: 2012

Price Target and Rating

• Average Stock Price Target: $20.00
• High Stock Price Target: $20.00
• Low Stock Price Target: $20.00
• Potential Upside/Downside: +10.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.33
• Trailing P/E Ratio: 13.66
• Forward P/E Ratio: 9.66
• P/E Growth: N/A
• Net Income: $52.24 million
• Net Margins: 0.48%
• Pretax Margin: 0.67%
• Return on Equity: 8.57%
• Return on Assets: 2.81%

Debt

• Debt-to-Equity Ratio: 0.80
• Current Ratio: 1.62
• Quick Ratio: 0.83

Sales & Book Value

• Annual Sales: $9.73 billion
• Price / Sales: 0.06
• Cash Flow: $5.08 per share
• Price / Cash Flow: 3.58
• Book Value: $22.48 per share
• Price / Book: 0.81

Miscellaneous

• Outstanding Shares: 33,760,000
• Free Float: 33,282,000
• Market Cap: $613.42 million
• Optionable: Optionable
• Beta: 0.39