Media headlines about SpartanNash (NASDAQ:SPTN) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SpartanNash earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.8482886462943 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- SpartanNash (SPTN) Announces Stock Repurchase Plan (americanbankingnews.com)
- SpartanNash jumps after launching new buyback program (seekingalpha.com)
- SpartanNash Company Expected to Post FY2017 Earnings of $2.12 Per Share (SPTN) (americanbankingnews.com)
- SpartanNash Announces Share Repurchase Program (finance.yahoo.com)
- SpartanNash Company to Post FY2017 Earnings of $2.10 Per Share, Jefferies Group Forecasts (SPTN) (americanbankingnews.com)
A number of equities analysts have recently commented on SPTN shares. Zacks Investment Research downgraded SpartanNash from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Pivotal Research set a $20.00 price objective on SpartanNash and gave the stock a “sell” rating in a report on Tuesday, August 15th. ValuEngine downgraded SpartanNash from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Jefferies Group LLC set a $25.00 price objective on SpartanNash and gave the stock a “hold” rating in a report on Monday, September 11th. Finally, TheStreet downgraded SpartanNash from a “b-” rating to a “c-” rating in a report on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $23.20.
Shares of SpartanNash (NASDAQ SPTN) traded up $0.27 during trading hours on Friday, hitting $22.82. The company had a trading volume of 246,448 shares, compared to its average volume of 227,949. The stock has a market cap of $843.69, a P/E ratio of 9.50, a P/E/G ratio of 3.25 and a beta of 1.02. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.92. SpartanNash has a 1-year low of $18.56 and a 1-year high of $40.38.
SpartanNash (NASDAQ:SPTN) last announced its earnings results on Wednesday, November 8th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.90 billion. SpartanNash had a negative return on equity of 67.84% and a negative net margin of 6.47%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. equities research analysts expect that SpartanNash will post 2.16 EPS for the current year.
SpartanNash announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 16th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
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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.
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