SpartanNash (SPTN) Set to Announce Earnings on Thursday

SpartanNash (NASDAQ:SPTN – Get Rating) is scheduled to announce its earnings results before the market opens on Thursday, June 1st. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

SpartanNash (NASDAQ:SPTN – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.07). SpartanNash had a return on equity of 10.80% and a net margin of 0.36%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.23 billion. On average, analysts expect SpartanNash to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

SpartanNash Stock Performance

Shares of SPTN stock opened at $23.75 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.70 and a current ratio of 1.51. SpartanNash has a one year low of $22.98 and a one year high of $37.75. The company’s 50-day simple moving average is $24.32 and its 200-day simple moving average is $28.66. The stock has a market capitalization of $834.10 million, a price-to-earnings ratio of 25.00 and a beta of 0.71.

SpartanNash Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 17th were paid a dividend of $0.215 per share. This is a positive change from SpartanNash’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, March 16th. This represents a $0.86 annualized dividend and a yield of 3.62%. SpartanNash’s dividend payout ratio is 90.53%.

Institutional Investors Weigh In On SpartanNash

Several large investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of SpartanNash by 1.4% in the first quarter. BlackRock Inc. now owns 6,212,527 shares of the company’s stock valued at $154,071,000 after purchasing an additional 87,925 shares during the period. Vanguard Group Inc. increased its stake in shares of SpartanNash by 1.3% during the third quarter. Vanguard Group Inc. now owns 3,009,702 shares of the company’s stock valued at $87,342,000 after acquiring an additional 37,500 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of SpartanNash by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,750,582 shares of the company’s stock valued at $90,743,000 after acquiring an additional 61,817 shares during the period. State Street Corp increased its stake in shares of SpartanNash by 1.2% during the second quarter. State Street Corp now owns 1,432,867 shares of the company’s stock valued at $43,230,000 after acquiring an additional 16,702 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of SpartanNash by 5.9% during the first quarter. Renaissance Technologies LLC now owns 1,055,912 shares of the company’s stock valued at $34,835,000 after acquiring an additional 59,100 shares during the period. Institutional investors and hedge funds own 87.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of SpartanNash from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Monday, February 27th. StockNews.com assumed coverage on shares of SpartanNash in a research note on Thursday, May 18th. They set a “hold” rating on the stock.

SpartanNash Company Profile

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SpartanNash Co engages in the distribution of grocery products to military commissaries in the U.S. It operates through the following segments: Military, Food Distribution and Retail. The Military segment sells and distributes grocery products primarily to U.S. military commissaries and exchanges. The Food Distribution segment distributes groceries to independent and corporate owned grocery retailers using multi-platform sales approach.