SpartanNash (SPTN) to Release Quarterly Earnings on Wednesday

SpartanNash (NASDAQ:SPTN) will be issuing its quarterly earnings data after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.41 per share for the quarter.

SpartanNash (SPTN) opened at $21.97 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.81 and a quick ratio of 0.74. The company has a market cap of $852.94, a PE ratio of -10.87, a price-to-earnings-growth ratio of 1.76 and a beta of 0.88. SpartanNash has a one year low of $18.56 and a one year high of $39.67.

SpartanNash declared that its Board of Directors has approved a share buyback program on Thursday, November 16th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

SPTN has been the topic of a number of research analyst reports. TheStreet downgraded shares of SpartanNash from a “b-” rating to a “c-” rating in a research note on Wednesday, November 8th. BidaskClub cut shares of SpartanNash from a “hold” rating to a “sell” rating in a research report on Thursday, January 18th. Pivotal Research reaffirmed a “sell” rating and issued a $18.00 price target on shares of SpartanNash in a research report on Wednesday, November 8th. ValuEngine cut shares of SpartanNash from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Northcoast Research cut shares of SpartanNash from a “buy” rating to a “neutral” rating in a research report on Friday, January 5th. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $23.20.

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SpartanNash Company Profile

SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries.

Earnings History for SpartanNash (NASDAQ:SPTN)

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