Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
SpartanNash Co ( (SPTN) ) has provided an update.
On June 22, 2025, SpartanNash entered into a merger agreement with New Mackinac HoldCo, Inc., which will see SpartanNash become a wholly-owned subsidiary of the parent company. However, the merger has faced legal challenges as shareholders have filed complaints alleging misleading information in the company’s proxy statement. To mitigate potential delays and costs, SpartanNash has voluntarily amended its proxy statement while denying any wrongdoing. The company remains committed to proceeding with the merger, ensuring stakeholders that the transaction’s terms and timing remain unaffected.
The most recent analyst rating on (SPTN) stock is a Hold with a $28.00 price target. To see the full list of analyst forecasts on SpartanNash Co stock, see the SPTN Stock Forecast page.
Spark’s Take on SPTN Stock
According to Spark, TipRanks’ AI Analyst, SPTN is a Neutral.
SpartanNash Co’s overall stock score reflects strong sales growth and strategic initiatives, but profitability challenges and high leverage pose risks. The merger with C&S Wholesale Grocers and dividend yield provide positive aspects, while technical indicators suggest caution due to overbought conditions.
To see Spark’s full report on SPTN stock, click here.
More about SpartanNash Co
SpartanNash Company operates in the food retail distribution and grocery retail distribution industries, providing a range of products and services to its customers. The company focuses on delivering value through its extensive network and strategic partnerships within the grocery sector.
Average Trading Volume: 916,707
Technical Sentiment Signal: Buy
Current Market Cap: $907.7M
See more insights into SPTN stock on TipRanks’ Stock Analysis page.