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MarketScreener Homepage  >  Equities  >  Nasdaq  >  SpartanNash Company    SPTN

SPARTANNASH COMPANY

(SPTN)
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SpartanNash Shares Surge 35% as Amazon Gets Warrant to Buy Stake

10/09/2020 | 11:36am EST

By Colin Kellaher

Shares of SpartanNash Co. rose nearly 35% Friday after the grocery distributor issued a warrant to buy about 5.44 million shares to Amazon.com Inc. in connection with its commercial agreement with the e-commerce giant.

SpartanNash said the warrant carries an exercise price of $17.7257 a share, and that it is already vested for about 1.09 million shares.

In a filing with the U.S. Securities and Exchange Commission, the Grand Rapids, Mich., company said Amazon's right to buy shares under the warrant expires in October 2027.

SpartanNash, which in 2016 inked a deal to supply Amazon's distribution centers with grocery products, currently has about 35.8 million shares outstanding.

Full exercise of the warrant by Amazon would make it SpartanNash's largest shareholder, according to data from FactSet. BlackRock Fund Advisors is currently the top holder with 5.25 million shares, or a roughly 14.6% stake.

SpartanNash shares, which closed Thursday at $17.02, were recently up 34.8% at $22.94.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

10-09-20 1135ET

Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. 0.53% 3120.76 Delayed Quote.-4.18%
BLACKROCK, INC. 0.81% 733.65 Delayed Quote.1.68%
SPARTANNASH COMPANY -1.89% 17.65 Delayed Quote.1.38%
All news about SPARTANNASH COMPANY
01/07SPARTANNASH : Barclays Downgrades SpartanNash to Underweight from Equalweight, T..
MT
01/06SPARTANNASH : to Present at the 2021 ICR Conference
BU
2020SPARTANNASH COMPANY : Ex-dividend day for
FA
2020INSIDER TRENDS : SpartanNash Insider Sale Easing 90-Day Buy Trend
MT
2020SPARTANNASH : Declares Quarterly Cash Dividend
AQ
2020SPARTANNASH : Declares Quarterly Cash Dividend
BU
2020SPARTANNASH : Management's Discussion and Analysis of Financial Condition and Re..
AQ
2020SPARTANNASH : Announces Third Quarter Fiscal 2020 Financial Results
AQ
2020SPARTANNASH CO : Results of Operations and Financial Condition, Financial Statem..
AQ
2020SpartanNash Q3 Results Mixed vs Street Views, Earnings Guidance Lags; Shares ..
MT
More news
Financials (USD)
Sales 2020 9 346 M - -
Net income 2020 84,2 M - -
Net Debt 2020 577 M - -
P/E ratio 2020 7,53x
Yield 2020 4,44%
Capitalization 633 M 633 M -
EV / Sales 2020 0,13x
EV / Sales 2021 0,13x
Nbr of Employees 13 800
Free-Float 97,0%
Chart SPARTANNASH COMPANY
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SpartanNash Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SPARTANNASH COMPANY
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 22,33 $
Last Close Price 17,65 $
Spread / Highest target 58,6%
Spread / Average Target 26,5%
Spread / Lowest Target 1,98%
EPS Revisions
Managers and Directors
NameTitle
Tony B. Sarsam President, Chief Executive Officer & Director
Dennis Eidson Executive Chairman
Mark E. Shamber Chief Financial Officer & Executive Vice President
Arif Dar Chief Information Officer & Senior Vice President
Elizabeth A. Nickels Independent Non-Executive Director
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