For its third fiscal quarter (ending September 30), SpartanNash Co (NASDAQ: SPTN) has reported a 22% increase in E.P.S. from $0.27 a year ago to $0.33 in the current quarter. Relative to the consensus estimate of $0.58, this was a shortfall of $-0.25. For the latest four quarters through September 30, E.P.S. were $1.24 compared to $1.59 a year ago — a decline of -22%.
Recent Price Action
On 11/8/23, SpartanNash Co (NASDAQ: SPTN) stock suffered a major decline of -10.1%, closing at $21.01. Relative to the market the stock has been weak over the last nine months and has declined -6.6% during the last week.
Current PriceTarget Research Rating
SPTN is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
SpartanNash has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. SpartanNash has a slightly positive Appreciation Score of 69 but a poor Power Rating of 30, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment