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SpartanNash (SPTN)

SpartanNash is a Fortune 400 company whose core businesses include distributing grocery products to a diverse group of independent and chain retailers, its corporate-owned retail stores and U.S. military commissaries and exchanges; as well as operating a premier fresh produce distribution network. SpartanNash serves customer locations in all 50 states and the District of Columbia, Europe, Cuba, Puerto Rico, Honduras, Iraq, Kuwait, Bahrain, Qatar and Djibouti. SpartanNash currently operates 154 supermarkets, primarily under the banners of Family Fare, Martin's Super Markets, D&W Fresh Market, VG's Grocery and Dan's Supermarket. Through its MDV military division, SpartanNash is a leading distributor of grocery products to U.S. military commissaries.

Company profile

Ticker
SPTN
Exchange
CEO
David Staples
Employees
Incorporated
Location
Fiscal year end
Former names
SPARTAN STORES INC
SEC CIK
Subsidiaries
SpartanNash Logistics, LLC • Caito Foods, LLC • Erickson’s Diversified Corporation • Family Fare, LLC • Fresh City Market LLC • Gruber’s Real Estate, LLC • GTL Truck Lines, Inc. • Market Development, LLC • Martin's Super Markets, LLC • Martin's Super Markets of Elkhart East LLC ...
IRS number
380593940

SPTN stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$27.50
Low target
$26.00
High target
$29.00
BMO Capital
Maintains
Market Perform
$29.00
7 Jun 22
Deutsche Bank
Maintains
Hold
$26.00
3 Jun 22

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

2 Jun 22
2 Jul 22
28 Dec 22
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 Jun 22 Mannelly Matthew Common Stock Sell Dispose S No No 31.06 10,000 310.6K 20,354
25 May 22 Masiar Tayebi Common Stock Payment of exercise Dispose F No No 33.75 482 16.27K 16,236
85.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 222 186 +19.4%
Opened positions 50 24 +108.3%
Closed positions 14 28 -50.0%
Increased positions 60 57 +5.3%
Reduced positions 79 71 +11.3%
13F shares Current Prev Q Change
Total value 1.02B 738.9M +38.1%
Total shares 30.87M 28.71M +7.5%
Total puts 72.1K 108.8K -33.7%
Total calls 2.7M 172.6K +1462.5%
Total put/call ratio 0.0 0.6 -95.8%
Largest owners Shares Value Change
BLK Blackrock 6.27M $206.78M -2.5%
Vanguard 2.99M $98.65M +9.7%
Dimensional Fund Advisors 2.75M $90.74M +2.3%
STT State Street 1.42M $46.72M -0.5%
LSV Asset Management 1.33M $43.98M -7.4%
Macellum Advisors 1.07M $35.33M +945.9%
Renaissance Technologies 1.06M $34.84M +5.9%
IVZ Invesco 942.08K $31.08M -7.6%
BK Bank Of New York Mellon 671.23K $22.14M +4.0%
Geode Capital Management 628.08K $20.72M +3.6%
Largest transactions Shares Bought/sold Change
Macellum Advisors 1.07M +968.61K +945.9%
Ancora Advisors 601.05K +601.05K NEW
Vanguard 2.99M +263.58K +9.7%
Bluefin Capital Management 215.52K +215.52K NEW
Mirae Asset Global Investments 492.08K -197.54K -28.6%
Pacer Advisors 0 -186.27K EXIT
BLK Blackrock 6.27M -163.19K -2.5%
Islet Management 150K +150K NEW
Victory Capital Management 504.16K +132.36K +35.6%
NMR Nomura 130.3K +130.3K NEW

Financial report summary

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Competition
Blubuzzard
Risks
  • The Company operates in an extremely competitive industry. Many of the Company’s competitors are much larger and may be able to compete more effectively.
  • Substantial operating losses may occur if the customers to whom the Company extends credit or for whom the Company guarantees loans or lease obligations fail to repay the Company.
  • A significant portion of the Company’s sales are with major customers and the Company’s success may be dependent on retaining this business and its customers’ ability to grow their business.
  • Changes in relationships with the Company’s vendor base and supply chain disruptions may adversely affect its business, margins, and profitability.
  • Threats to security or the occurrence of severe weather conditions, natural disasters or other unforeseen events could harm the Company’s business.
  • Impairment charges for goodwill or other long-lived assets could adversely affect the Company’s financial condition and results of operations.
  • It may be difficult for the Company to attract and retain well-qualified associates, which would adversely affect the Company’s profitability and growth.
  • The Company’s Military segment is dependent upon domestic and international military operations. A change in the military commissary system, including its supply chain, or a change in the level of governmental funding, could negatively impact the Company’s results of operations and financial condition.
  • Product recalls or other safety concerns regarding the Company’s products could harm the Company’s business.
  • A number of the Company’s associates are covered by collective bargaining agreements, and unions may attempt to organize additional associates.
  • Costs related to multi-employer pension plans and other postretirement plans could increase.
  • Changes in government regulations may have a material adverse effect on financial results.
Management Discussion
  • The Company increased the fiscal 2022 guidance, including net sales, adjusted EBITDA and adjusted EPS ranges. Adjusted EBITDA is now expected to range from $224 to $239 million and adjusted EPS is now expected to range from $2.17 per diluted share to $2.32 per diluted share. The Company also now expects net sales to range from $9.0 billion to $9.3 billion, with Military Distribution sales now expected to range from negative 4.0% to 0.0%. Food Distribution sales are now expected to increase 3.0% to 5.0%, while Retail comparable sales are now expected to range from 1.0% to 3.0% for 2022.
  • Note: Certain totals do not sum due to rounding.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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