SpartanNash Co (SPTN) AI Stock Analysis

• Market Cap: $897.01M
• Dividend Yield: 3.32%
• Average Volume (3M): 988.07K
• Price to Earnings (P/E): 2246.0
• Beta (1Y): 0.32
• Revenue Growth: 0.26%
• EPS Growth: -119.66%
• Country: US
• Employees: 11,000
• Sector: Consumer Defensive
• Sector Strength: 56
• Industry: Food Distribution
• EPS (TTM): 0.35
• Shares Outstanding: 33,849,260
• 10 Day Avg. Volume: 2,251,506
• 30 Day Avg. Volume: 988,066
• PEG Ratio: <0.01
• Price to Book (P/B): 0.85
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 2.61
• Enterprise Value/Market Cap: 2.04
• Enterprise Value/Revenue: 0.05
• Enterprise Value/Gross Profit: 1.23
• Enterprise Value/Ebitda: 2.73
• 1Y Price Target: $26.90
• Price Target Upside: 1.36% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 71 Outperform
• Price Target: $29.00 ▲(9.27%Upside)

SpartanNash Co's overall stock score is primarily influenced by its stable financial performance, bullish technical indicators, and positive corporate events like the merger and dividend. Despite these strengths, the valuation remains a concern due to negative earnings, which tempers the overall score.

Positive Factors

Expansion Plans

Management continues to target higher growth by expanding its Hispanic stores and c-stores footprint.

Financial Performance

SpartanNash reported a solid start to the year with net sales and adjusted EBITDA slightly topping forecasts.

Sales Performance

Retail same-store sales were better than expected, leading to a stronger gross margin and EBITDA upside.

Negative Factors

Competitive Disadvantages

Longer term, there is a challenging outlook for SPTN’s top-line, as small- and mid-sized food retailers remain pressured due to competitive disadvantages to larger peers.

Cost Pressures

Higher labor and occupancy expenses weighed on profitability, with adjusted operating margin contracting.

Volume Challenges

Analyst expects continued top-line challenges and volume pressures at key independents.

SpartanNash Co Business Overview & Revenue Model

Company Description

SpartanNash Co (SPTN) is a leading food solutions company that operates in the United States. It functions primarily within the food distribution and retail sectors. The company distributes a wide array of grocery products and offers supply chain solutions to independent and chain retailers, its own retail stores, and military commissaries and exchanges. In addition to distribution services, SpartanNash also operates a network of retail stores under various banners, providing consumers with fresh and packaged groceries, household products, and other essentials.

How the Company Makes Money

SpartanNash Co generates revenue through multiple streams, primarily from its wholesale distribution services and retail operations. The wholesale segment involves the distribution of grocery products to independent and chain retailers, food service distributors, and military commissaries. This segment benefits from significant economies of scale and a broad distribution network. The retail segment consists of the operation of supermarkets, where revenue is generated from direct consumer sales. Key revenue drivers include the volume of goods distributed, store sales performance, and efficiency in supply chain management. Strategic partnerships with brands and suppliers, along with private label offerings, also contribute to the company's earnings by enhancing product margins and customer loyalty.

SpartanNash Co Financial Statement Overview

Summary

SpartanNash Co has stable profit margins and operational efficiency but faces challenges with revenue growth and free cash flow management. The balance sheet shows moderate leverage, posing some risk. Strong operating cash flow contrasts with negative free cash flow, indicating the need for improved cash management.

Income Statement

The company shows a solid gross profit margin of 15.6% and a net profit margin of 0.5% for TTM, indicating modest profitability. The revenue has slightly decreased compared to the previous period, reflecting a revenue growth rate of -1.14%, which could signal challenges in maintaining sales levels. The EBIT margin is at 1.1%, and EBITDA margin at 2.3% for TTM, showing operational efficiency but room for improvement in profitability.

Balance Sheet

The debt-to-equity ratio stands at 1.18, which suggests moderate leverage and potential risk if not managed carefully. The return on equity (ROE) for TTM is 5.8%, indicating moderate profitability for shareholders. The equity ratio is 31.7%, showing a balanced structure but with a significant portion of assets financed by liabilities.

Cash Flow

The operating cash flow to net income ratio of 2.56 in TTM highlights strong cash generation relative to net income. However, the free cash flow is negative at -$15.08 million, showing challenges in cash management and capital expenditure. The free cash flow to net income ratio is also negative, underscoring potential cash flow issues.

Breakdown	TTM	Dec 2023	Dec 2022	Mar 2022	Mar 2021	Dec 2019
Income Statement
Total Revenue	9.53B	7.48B	9.64B	8.93B	9.35B	8.54B
Gross Profit	1.49B	1.15B	1.50B	1.40B	1.42B	1.24B
EBITDA	214.80M	83.17M	70.85M	116.10M	128.60M	52.94M
Net Income	45.69M	41.93M	34.52M	73.75M	75.91M	5.74M
Balance Sheet
Total Assets	2.47B	2.36B	2.31B	2.21B	2.28B	2.28B
Cash, Cash Equivalents and Short-Term Investments	17.51M	17.96M	29.09M	10.67M	19.90M	24.17M
Total Debt	924.33M	865.58M	788.10M	720.27M	811.09M	998.34M
Total Liabilities	1.69B	1.58B	1.54B	1.42B	1.54B	1.59B
Stockholders Equity	781.31M	778.18M	766.07M	782.87M	735.05M	687.54M
Cash Flow
Free Cash Flow	-15.08M	95.68M	13.07M	81.73M	239.42M	105.38M
Operating Cash Flow	116.90M	95.68M	110.35M	161.16M	306.72M	180.19M
Investing Cash Flow	-145.17M	-82.00M	-100.95M	-47.98M	-57.22M	-143.17M
Financing Cash Flow	28.22M	-25.21M	9.02M	-122.41M	-253.76M	-31.22M

SpartanNash Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 26.54
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SPTN, the sentiment is Positive. The current price of 26.54 is above the 20-day moving average (MA) of 21.42, above the 50-day MA of 20.16, and above the 200-day MA of 19.49, indicating a bullish trend. The MACD of 2.12 indicates Negative momentum. The RSI at 78.94 is Negative, neither overbought nor oversold. The STOCH value of 98.46 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SPTN.

SpartanNash Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SYY	78 Outperform	$37.50B	20.01	94.91%	2.78%	3.55%	-5.79%
USFD	77 Outperform	$17.98B	35.72	11.16%	―	6.32%	5.69%
CHEF	76 Outperform	$2.55B	42.35	12.90%	―	7.85%	79.89%
PFGC	76 Outperform	$13.79B	36.71	9.05%	―	6.20%	-10.58%
SPTN	71 Outperform	$897.01M	2,245.98	-1.38%	3.32%	0.26%	-119.66%
Sector *	68 Neutral	S$3.39B	16.86	-11.82%	5.93%	5.14%	-8.01%
UNFI	58 Neutral	$1.40B	―	-4.11%	―	6.62%	53.12%

SpartanNash Co Corporate Events

SpartanNash Co Announces Merger with New Mackinac HoldCo

On June 22, 2025, SpartanNash Company entered into a merger agreement with New Mackinac HoldCo, Inc., and C&S Wholesale Grocers, LLC, where SpartanNash will become a wholly-owned subsidiary of New Mackinac HoldCo. The merger, unanimously approved by SpartanNash’s Board of Directors, will result in each share of SpartanNash’s common stock being converted into $26.90 in cash. The transaction is expected to close in the fourth quarter of 2025, pending regulatory and shareholder approvals. Upon completion, SpartanNash’s common stock will be delisted from NASDAQ, and the merger is not subject to a financing condition. Termination fees are outlined in the agreement should the merger not proceed as planned.

The most recent analyst rating on (SPTN) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on SpartanNash Co stock, see the SPTN Stock Forecast page.

SpartanNash Announces Merger with C&S Wholesale Grocers

On June 22, 2025, SpartanNash entered into a merger agreement with C&S Wholesale Grocers, where C&S will acquire SpartanNash for $26.90 per share, totaling $1.77 billion. This merger, approved by both companies’ boards, aims to create a more efficient supply chain and offer competitive pricing, benefiting customers and communities across the U.S. The transaction is expected to close in late 2025, pending shareholder and regulatory approvals.

The most recent analyst rating on (SPTN) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on SpartanNash Co stock, see the SPTN Stock Forecast page.

SpartanNash Co Concludes Annual Shareholder Meeting

On May 21, 2025, SpartanNash Co held its Annual Meeting, where shareholders voted on several key proposals. The company successfully elected its board of directors, approved executive compensation, ratified Deloitte & Touche LLP as its accounting firm, and amended its bylaws to allow shareholders to call special meetings at a 25% ownership threshold. However, a proposal to lower this threshold to 15% was rejected.

The most recent analyst rating on (SPTN) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on SpartanNash Co stock, see the SPTN Stock Forecast page.

SpartanNash Declares Quarterly Cash Dividend Approval

On May 21, 2025, SpartanNash’s Board of Directors approved a quarterly cash dividend of $0.22 per common share, to be paid on June 30, 2025, to shareholders of record as of June 13, 2025. This decision reflects SpartanNash’s ongoing commitment to providing value to its shareholders and underscores its stable financial position within the food solutions industry.

The most recent analyst rating on (SPTN) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on SpartanNash Co stock, see the SPTN Stock Forecast page.