(SPTN) SpartanNash - Ratings and Ratios

SpartanNash Company (NASDAQ:SPTN) operates as a food solutions provider, specializing in the distribution and retail of grocery products across the United States. The company is structured into two primary business segments: Wholesale and Retail. The Wholesale segment serves as a distributor of grocery and perishable food items, including dry goods, produce, dairy, meat, deli, bakery, frozen foods, seafood, floral products, general merchandise, beverages, tobacco, health and beauty care, and pharmaceutical products. This segment caters to a diverse customer base, including independent retailers, national accounts, food service distributors, e-commerce platforms, and corporate-owned retail stores. Additionally, it provides operational support services to independent retailers, enhancing their ability to compete in the market.

The Retail segment operates a network of retail stores under multiple banners, including Family Fare, Martins Super Markets, and Community Markets, among others. These stores offer a wide range of products, including fresh produce, meats, baked goods, and private-label brands. SpartanNash also supplies private-brand products to military commissaries, further diversifying its revenue streams. Originally known as Spartan Stores, Inc., the company rebranded as SpartanNash Company in November 2013 following a merger. Founded in 1917 and headquartered in Grand Rapids, Michigan, SpartanNash has established itself as a key player in the food distribution and retail industry.

From a technical perspective, SPTN is currently trading at $19.10, below its SMA 20 ($19.71) and SMA 50 ($19.83), while slightly above its SMA 200 ($19.67). This indicates short-term weakness but relative stability over the longer term. The ATR of 0.55 reflects low volatility. On the fundamental side, the company’s high historical P/E (2074.00) raises concerns about valuation, though the forward P/E (9.74) suggests potential improvement. The P/B ratio of 0.92 indicates undervaluation relative to book value, while the P/S of 0.07 points to a low valuation relative to sales. However, the RoE of 0.04 highlights profitability challenges. Considering these factors, SpartanNash may present an undervaluation opportunity for investors willing to overlook near-term profitability issues.