SPTN Stock Summary and Trading Ideas (Spartannash Company | NASDAQ:SPTN)

SpartanNash Co is a food solutions company that delivers the ingredients. Its principal business activities 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 fresh produce distribution network and the Our Family private label brand. The company operates in two segments: Retail and Wholesale. Majority of the revenue is earned from its Wholesale segment which uses a multi-channel sales approach to distribute national brand and private brand products to independent retailers, national accounts, food service distributors, e-commerce providers, and the Company's corporate owned retail stores.

Spartannash Company trades on the NASDAQ stock market under the symbol SPTN.

As of April 18, 2024, SPTN stock price climbed to $19.22 with 218,206 million shares trading.

SPTN has a beta of -0.12, meaning it tends to be less sensitive to market movements. SPTN has a correlation of 0.00 to the broad based SPY ETF.

SPTN has a market cap of $662.50 million. This is considered a Small Cap stock.

Last quarter Spartannash Company reported $2 billion in Revenue and $.35 earnings per share. This fell short of revenue expectation by $-25 million and missed earnings estimates by -$.03.

In the last 3 years, SPTN stock traded as high as $37.75 and as low as $18.08.

The top ETF exchange traded funds that SPTN belongs to (by Net Assets): IJR, VTI, IWM, RWJ, VXF.

SPTN has underperformed the market in the last year with a return of -19.0%, while the SPY ETF gained +22.3%. In the last 3 month period, SPTN fell short of the market, returning -13.3%, while SPY returned +6.1%. However, in the most recent 2 weeks SPTN has outperformed the stock market by returning -1.7%, while SPY returned -3.8%.

SPTN support price is $18.80 and resistance is $19.30 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPTN stock will trade within this expected range on the day.