SpartanNash Co (SPTN) AI Stock Analysis

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• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): N/A
• Revenue Growth: 1.54%
• EPS Growth: -134.75%
• Country: US
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• Number of Analyst Covering: 0
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• Rating: 58 Neutral
• Price Target: $28.00

SpartanNash Co's overall stock score reflects strong revenue growth and strategic initiatives, tempered by profitability challenges and high leverage. The merger with C&S Wholesale Grocers offers potential benefits, but legal challenges and current financial pressures present risks. Technical indicators suggest the stock may be overbought, adding caution to the outlook.

SpartanNash Co Business Overview & Revenue Model

Company Description

SpartanNash Co (SPTN) is a leading food wholesaler and distributor headquartered in the United States, primarily serving grocery stores, military commissaries, and other food retailers. The company operates in two main sectors: wholesale and retail. SpartanNash's core offerings include a diverse range of products, from fresh produce and grocery items to health and beauty aids, as well as private label brands. The company also provides logistics and supply chain management services, enhancing its operational capabilities in the food distribution landscape.

How the Company Makes Money

SpartanNash generates revenue through several key streams, primarily from wholesale distribution, retail sales, and its military commissary operations. The wholesale division supplies a wide array of grocery items to independent retailers, supermarkets, and foodservice operators, accounting for a significant portion of the company's revenue. Retail sales come from SpartanNash's own grocery stores, where they sell a variety of food and non-food products directly to consumers. Additionally, the company's operations in military commissaries provide another revenue source, as they supply goods to military families. Strategic partnerships with various suppliers and manufacturers also contribute to its earnings, enabling the company to offer competitive pricing and a wide selection of products. The focus on private label products further enhances profitability by allowing higher margins compared to branded items.

SpartanNash Co Financial Statement Overview

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SpartanNash Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: ―
• 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 undefined is equal to the 20-day moving average (MA) of 26.57, equal to the 50-day MA of 26.44, and equal to the 200-day MA of 21.26, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 71.19 is Negative, neither overbought nor oversold. The STOCH value of 81.82 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
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SpartanNash Co Corporate Events

SpartanNash Shareholders Approve Merger with C&S Wholesale

On September 9, 2025, SpartanNash held a virtual special meeting of shareholders to vote on proposals related to a merger agreement with C&S Wholesale Grocers. The merger, which will result in SpartanNash becoming a wholly-owned subsidiary of New Mackinac HoldCo, Inc., was approved by a significant majority of shareholders. Additionally, proposals regarding executive compensation and potential adjournment of the meeting were also approved, reflecting strong shareholder support for the transaction.

SpartanNash Faces Legal Challenges Amid Merger Plans

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.

SpartanNash Declares Quarterly Dividend for Shareholders

On August 27, 2025, SpartanNash’s Board of Directors approved a quarterly cash dividend of $0.22 per common share, to be paid on September 30, 2025, to shareholders of record as of September 15, 2025. This decision reflects the company’s ongoing commitment to providing value to its shareholders, with 33,862,518 common shares outstanding as of August 26, 2025.

SpartanNash Co Enters Merger Agreement with C&S

On June 22, 2025, SpartanNash Co entered into a Merger Agreement with New Mackinac HoldCo, Inc., Mackinac Merger Sub, Inc., and C&S Wholesale Grocers, LLC, aiming to merge and become a wholly-owned subsidiary of the parent company. The merger process involved a voluntary withdrawal and resubmission of the HSR Act Notification to allow the FTC more time for antitrust review, with the transaction expected to be completed by late 2025, pending regulatory approvals and shareholder agreement.

SpartanNash to Release Q2 Results Amid Acquisition

On July 31, 2025, SpartanNash announced it would release its second-quarter financial results on August 14, 2025, but will not host a conference call due to its pending acquisition by C&S Wholesale Grocers. The acquisition, announced on June 23, 2025, is expected to close in late 2025, pending shareholder and regulatory approvals, and could impact SpartanNash’s operations and market positioning.

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.

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.