SpartanNash (NASDAQ:SPTN) Stock Rating Upgraded by StockNews.com

SpartanNash (NASDAQ:SPTN - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Wednesday.

Separately, BMO Capital Markets cut their price objective on shares of SpartanNash from $22.00 to $20.00 and set a "market perform" rating on the stock in a research report on Friday, May 31st.

SpartanNash Trading Down 0.5 %

Shares of SpartanNash stock traded down $0.12 on Wednesday, hitting $21.82. 250,622 shares of the company's stock traded hands, compared to its average volume of 248,903. The company has a fifty day moving average of $20.79 and a two-hundred day moving average of $19.96. SpartanNash has a one year low of $17.74 and a one year high of $24.51. The company has a market capitalization of $739.52 million, a price-to-earnings ratio of 14.08 and a beta of 0.39. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.62 and a quick ratio of 0.80.

SpartanNash (NASDAQ:SPTN - Get Free Report) last posted its quarterly earnings results on Thursday, August 15th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.03. The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.27 billion. SpartanNash had a return on equity of 8.87% and a net margin of 0.48%. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 EPS. As a group, sell-side analysts expect that SpartanNash will post 1.98 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPTN. Vanguard Group Inc. raised its stake in shares of SpartanNash by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,123,088 shares of the company's stock worth $63,118,000 after purchasing an additional 20,262 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of SpartanNash by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,809,909 shares of the company's stock worth $64,488,000 after purchasing an additional 11,683 shares during the last quarter. American Century Companies Inc. raised its stake in shares of SpartanNash by 20.0% in the second quarter. American Century Companies Inc. now owns 744,282 shares of the company's stock worth $13,963,000 after purchasing an additional 123,952 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of SpartanNash by 7.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 477,579 shares of the company's stock worth $10,960,000 after purchasing an additional 33,550 shares during the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of SpartanNash by 7.2% in the first quarter. ProShare Advisors LLC now owns 364,537 shares of the company's stock worth $7,367,000 after purchasing an additional 24,578 shares during the last quarter. Institutional investors own 84.59% of the company's stock.

SpartanNash Company Profile

SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.