SpartanNash Co(NASDAQ:SPTN) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $1.828B. Analysts estimated a revenue of $1.840B. The revenues were -0.65% below the estimates. Earnings per share were $0.53. The reported EPS was above estimates by 10.42%. Analysts had estimated an EPS of $0.48.
SpartanNash Co (SPTN) shares turned negative on Wednesdays trading session with the shares closing down -0.31 points or -0.79% at a volume of 1,50,434. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $39.08. The peak price level was also seen at $39.08 while the days lowest was $38.37. Finally the shares closed at $38.87. The 52-week high of the shares is $40.38 while the 52-week low is $21.1. According to the latest information available, the market cap of the company is $1,457 M.
Several Insider Transactions has been reported to the SEC. On Jan 20, 2017, Theodore Adornato (Exec. V. P. Retail Operations) sold 13,300 shares at $28.16 per share price.Also, On Dec 14, 2016, David Des Couch (VP Chief Info. Officer) sold 12,480 shares at $37.44 per share price.On Nov 14, 2016, Tammy R. Hurley (V.P. Chief Accounting Officer) sold 1,672 shares at $34.80 per share price, according to the Form-4 filing with the securities and exchange commission.
Spartannash Company formerly Spartan Stores Inc. is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing food to military commissaries and exchanges and independent and corporate-owned retail stores located in 42 states and the District of Columbia Europe Cuba Puerto Rico Bahrain Egypt Honduras Afghanistan and Bosnia. The Company operates through three segments: Military which sells and distributes grocery products to military commissaries and exchanges in the United States and overseas; Food Distribution which uses a multi-platform sales approach to distribute groceries to independent and corporate owned grocery retailers and Retail which operates retail supermarkets.