SpartanNash (SPTN) Receives Daily Coverage Optimism Score of -0.01

Headlines about SpartanNash (NASDAQ:SPTN) have been trending somewhat negative recently, Alpha One Sentiment reports. Alpha One, a division of Accern, ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. SpartanNash earned a news sentiment score of -0.01 on Alpha One’s scale. Alpha One also gave press coverage about the company an impact score of 70 out of 100, meaning that recent media coverage is likely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have effected AlphaOne’s rankings:

Shares of SpartanNash (NASDAQ:SPTN) traded down 0.06% during mid-day trading on Friday, hitting $35.72. 128,284 shares of the stock traded hands. The company’s 50-day moving average price is $35.93 and its 200 day moving average price is $36.32. SpartanNash has a 1-year low of $25.29 and a 1-year high of $40.38. The company has a market capitalization of $1.34 billion, a PE ratio of 23.59 and a beta of 1.04.

SpartanNash (NASDAQ:SPTN) last released its quarterly earnings results on Wednesday, February 22nd. The company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.05. SpartanNash had a return on equity of 10.21% and a net margin of 0.79%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the firm posted $0.52 EPS. SpartanNash’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities research analysts forecast that SpartanNash will post $2.32 EPS for the current fiscal year.

Separately, Zacks Investment Research raised shares of SpartanNash from a “sell” rating to a “hold” rating in a research note on Friday, March 10th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. SpartanNash has a consensus rating of “Hold” and a consensus price target of $33.40.

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In related news, CEO Dennis Eidson sold 72,667 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $32.76, for a total transaction of $2,380,570.92. Following the sale, the chief executive officer now owns 304,518 shares of the company’s stock, valued at $9,976,009.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Yvonne R. Jackson sold 3,050 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $32.56, for a total value of $99,308.00. Following the completion of the sale, the director now directly owns 23,283 shares of the company’s stock, valued at approximately $758,094.48. The disclosure for this sale can be found here. Insiders have sold a total of 213,171 shares of company stock worth $7,141,793 in the last 90 days. 3.30% of the stock is currently owned by insiders.

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.

12 Month Chart for NASDAQ:SPTN

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