|Bid||11.14 x 1100|
|Ask||11.78 x 1200|
|Day's Range||10.94 - 11.59|
|52 Week Range||8.82 - 23.00|
|Beta (3Y Monthly)||1.69|
|PE Ratio (TTM)||14.32|
|Earnings Date||Nov 5, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||0.76 (6.57%)|
|1y Target Est||12.43|
Spartan Stores (SPTN) delivered earnings and revenue surprises of 0.00% and -0.14%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
On Wednesday, August 14, SpartanNash (NASDAQ: SPTN ) will release its latest earnings report. Benzinga's outlook for SpartanNash is included in the following report. Earnings and Revenue Based on management's ...
SpartanNash Co. shares fell about 6% Monday, after the distributor of grocery products to chain retailers said its chief executive is leaving and announced a decision to exit its Fresh Kitchen operations. The Grand Rapids, Mich.-based company, which also supplies military commissaries and exchanges, said it has appointed Dennis Eidson as interim CEO until it has identified a replacement for Dave Staples, whi is leaving the company and board. Eidson was CEO from 2008 to 2017 and also served as chief operating officer during his 16-year tenure at the company. The company said it decided to ditch its Indianopolis-based Fresh Kitchen operations to improve operating earnings and EBITDA, or earnings before interest, taxes, depreciation and amortization. The Fresh Kitchen was acquired in 2018 as part of the deal to buy Caito Foods. The exit is expected to shave about $20 million off annual sales. The company said it now expects second-quarter sales of $2 billion, up from $1.9 billion a year ago. It expects a net loss from continuing operations of $6.9 million, or 19 cents a share, and an adjusted EPS of 34 cents, matching the FactSet consensus. BMO analyst Kelly Bania said the decision to exit Fresh Kitchen "may be a positive going forward given expected losses with this business." Overall, however, "while today's actions may improve the ability of SPTN to execute over time, the announcements today do not yet reflect the external top-line pressures that we believe small and mid-sized grocery retailers are likely to face in the coming years," Bania wrote in a note to clients. BMO rates the stock as underperform with an $8 price target that is about 16% below its current trading level. Shares have fallen 45% in 2019, while the S&P 500 has gained 15%.
SpartanNash Company (SPTN) (“SpartanNash” or the “Company”) today announced that its Board of Directors has appointed the Company’s Chairman, Dennis Eidson, to the additional roles of Interim President and CEO, effective immediately. Mr. Eidson will serve in these additional roles until the next CEO is identified.
Spartan Stores (SPTN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SpartanNash Company will announce its second quarter fiscal year 2019 financial results after the stock market closes on Wednesday, August 14, 2019.
If you love investing in stocks you're bound to buy some losers. But the last three years have been particularly tough...
The Insider Monkey team has completed processing the quarterly 13F filings for the March quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]
SpartanNash Co NASDAQ/NGS:SPTNView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for SPTN with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold SPTN had net inflows of $1.53 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Today we'll take a closer look at SpartanNash Company (NASDAQ:SPTN) from a dividend investor's perspective. Owning a...
SpartanNash Company today announced that Mark Shamber, Chief Financial Officer and Executive Vice President, will present at the Jefferies 2019 Global Consumer Conference on Wednesday, June 19, 2019 at 10:00am ET in Nantucket, MA.
SpartanNash Company today announced that shareholders approved all proposals and re-elected all director nominees at its 2019 annual shareholder meeting, held May 22 in Grand Rapids, Michigan.
SpartanNash Company today announced that its Board of Directors has approved a quarterly cash dividend of $0.19 per common share. The dividend will be paid on June 28, 2019 to shareholders of record as of June 14, 2019.
Spartan Stores (SPTN) delivered earnings and revenue surprises of 4.35% and 0.81%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
SpartanNash Company will announce its first quarter fiscal year 2019 financial results before the stock market opens on Monday, May 20, 2019.