SpartanNash (NASDAQ:SPTN) Issues FY 2025 Earnings Guidance

SpartanNash (NASDAQ:SPTN) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.600-1.85 for the period, compared to the consensus EPS estimate of 1.760. The company issued revenue guidance of $9.8 billion-$10.0 billion, compared to the consensus revenue estimate of $9.9 billion.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SPTN. Northcoast Research downgraded SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price target for the company. in a report on Wednesday, February 19th. Wall Street Zen cut shares of SpartanNash from a “buy” rating to a “hold” rating in a research report on Friday.

SpartanNash Price Performance

NASDAQ SPTN opened at $19.54 on Friday. SpartanNash has a 12 month low of $17.30 and a 12 month high of $23.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.78. The firm has a market capitalization of $661.51 million, a PE ratio of -1,954.00 and a beta of 0.42. The company’s 50 day simple moving average is $19.65 and its 200 day simple moving average is $19.22.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings data on Thursday, May 29th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.87 billion. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. As a group, equities research analysts forecast that SpartanNash will post 1.79 EPS for the current fiscal year.

SpartanNash Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Friday, June 13th. SpartanNash’s dividend payout ratio is -8,800.00%.

Institutional Trading of SpartanNash

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPTN. Millennium Management LLC boosted its position in SpartanNash by 837.8% in the first quarter. Millennium Management LLC now owns 515,436 shares of the company’s stock valued at $10,443,000 after buying an additional 460,474 shares in the last quarter. AQR Capital Management LLC increased its stake in SpartanNash by 2.4% in the first quarter. AQR Capital Management LLC now owns 140,160 shares of the company’s stock valued at $2,840,000 after purchasing an additional 3,349 shares in the last quarter. Jane Street Group LLC increased its stake in SpartanNash by 130.0% in the first quarter. Jane Street Group LLC now owns 57,908 shares of the company’s stock valued at $1,173,000 after purchasing an additional 32,727 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of SpartanNash by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,056 shares of the company’s stock worth $406,000 after acquiring an additional 858 shares in the last quarter. Institutional investors own 84.59% of the company’s stock.

About SpartanNash

SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.