SpartanNash (NASDAQ:SPTN) Releases Quarterly Earnings Results, Misses Expectations By $0.08 EPS

SpartanNash (NASDAQ:SPTN - Get Free Report) issued its earnings results on Thursday. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.08), RTT News reports. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the previous year, the business posted $0.53 EPS. The business's quarterly revenue was up 3.7% on a year-over-year basis. SpartanNash updated its FY 2025 guidance to 1.600-1.85 EPS.SpartanNash Price PerformanceShares of SPTN opened at $19.48 on Thursday. 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 stock has a fifty day moving average price of $19.61 and a 200 day moving average price of $19.19. The company has a market cap of $659.48 million, a P/E ratio of -1,948.00 and a beta of 0.42. SpartanNash Dividend AnnouncementThe business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, June 13th. This represents a $0.88 dividend on an annualized basis and a yield of 4.52%. SpartanNash's dividend payout ratio is currently -8,800.00%. Institutional Investors Weigh In On SpartanNashHedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of SpartanNash by 4.5% in the 1st 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 during the period. Jane Street Group LLC grew its position in SpartanNash by 130.0% in the 1st quarter. Jane Street Group LLC now owns 57,908 shares of the company's stock worth $1,173,000 after purchasing an additional 32,727 shares during the last quarter. AQR Capital Management LLC grew its position in SpartanNash by 2.4% in the 1st quarter. AQR Capital Management LLC now owns 140,160 shares of the company's stock worth $2,840,000 after purchasing an additional 3,349 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of 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 purchasing an additional 460,474 shares during the period. 84.59% of the stock is currently owned by institutional investors. Analyst Ratings ChangesSeveral brokerages recently issued reports on SPTN. Wall Street Zen cut SpartanNash from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. Northcoast Research lowered shares of 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.Read Our Latest Report on SPTNSpartanNash Company Profile (Get Free Report)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.Read MoreFive stocks we like better than SpartanNashBasic Materials Stocks InvestingTarget's Big Bet: Is It a Cheap Stock or a Value Trap? How to buy stock: A step-by-step guide for beginners NVIDIA Will Set a New High Soon, Then Keep Rallying, Here’s WhyExpert Stock Trading Psychology TipsGoodyear Stock Surges 28% in 2025: Is More Growth Ahead?Should You Invest $1,000 in SpartanNash Right Now?Before you consider SpartanNash, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SpartanNash wasn't on the list.While SpartanNash currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here