SpartanNash Co (NASDAQ:SPTN) insider Edward L. Brunot sold 2,717 shares of the stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $33.68, for a total transaction of $91,508.56. Following the sale, the insider now owns 39,001 shares in the company, valued at $1,313,553.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
SpartanNash Co (NASDAQ:SPTN) traded up 0.53% during midday trading on Tuesday, reaching $34.00. 188,532 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $35.33 and its 200 day moving average is $34.41. The firm has a market capitalization of $1.28 billion, a P/E ratio of 22.46 and a beta of 1.04. SpartanNash Co has a 52 week low of $25.29 and a 52 week high of $40.38.
SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings results on Wednesday, February 22nd. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. The business earned $1.83 billion during the quarter, compared to the consensus estimate of $1.84 billion. SpartanNash had a net margin of 0.79% and a return on equity of 10.21%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. On average, analysts expect that SpartanNash Co will post $2.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Monday, March 20th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, March 16th. This is an increase from SpartanNash’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.95%. SpartanNash’s payout ratio is 37.27%.
SPTN has been the topic of a number of research reports. Pivotal Research increased their target price on shares of SpartanNash from $30.00 to $40.00 and gave the stock a “hold” rating in a report on Tuesday, January 17th. Zacks Investment Research upgraded shares of SpartanNash from a “sell” rating to a “hold” rating in a report on Friday, March 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $33.40.
Large investors have recently modified their holdings of the company. US Bancorp DE increased its stake in shares of SpartanNash by 53.3% in the third quarter. US Bancorp DE now owns 3,738 shares of the company’s stock worth $108,000 after buying an additional 1,300 shares during the period. Elkfork Partners LLC purchased a new stake in shares of SpartanNash during the fourth quarter worth approximately $141,000. SG Americas Securities LLC purchased a new stake in shares of SpartanNash during the third quarter worth approximately $220,000. Teton Advisors Inc. purchased a new stake in shares of SpartanNash during the fourth quarter worth approximately $237,000. Finally, Gabelli Funds LLC purchased a new stake in shares of SpartanNash during the fourth quarter worth approximately $237,000. Institutional investors and hedge funds own 85.76% of the company’s stock.
SpartanNash Company Profile
Spartannash Company, formerly Spartan Stores, Inc, is a multi-regional grocery distributor and grocery retailer, and a distributor of grocery products to military commissaries in the United States. The Company’s core businesses include distributing food to military commissaries and exchanges, and independent and corporate-owned retail stores located in over 40 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain, Egypt, Honduras, Afghanistan and Bosnia.