SpartanNash (NASDAQ:SPTN) Downgraded to Neutral Rating by Northcoast Research

Northcoast Research lowered shares of SpartanNash (NASDAQ:SPTN - Free Report) from a buy rating to a neutral rating in a report published on Wednesday, Marketbeat Ratings reports. The firm currently has $10.00 target price on the stock.

Separately, StockNews.com downgraded shares of SpartanNash from a "buy" rating to a "hold" rating in a research report on Thursday, January 30th.

SpartanNash Stock Performance

SPTN stock traded up $0.20 on Wednesday, hitting $19.67. The company's stock had a trading volume of 388,048 shares, compared to its average volume of 272,882. The firm has a 50 day moving average of $18.63 and a two-hundred day moving average of $19.97. SpartanNash has a 1 year low of $17.30 and a 1 year high of $23.00. The stock has a market cap of $664.06 million, a price-to-earnings ratio of -1,967.00 and a beta of 0.34. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00.

SpartanNash (NASDAQ:SPTN - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. During the same quarter in the previous year, the company posted $0.35 earnings per share. Equities analysts predict that SpartanNash will post 1.79 EPS for the current fiscal year.

Hedge Funds Weigh In On SpartanNash

A number of institutional investors and hedge funds have recently made changes to their positions in SPTN. Invesco Ltd. grew its stake in shares of SpartanNash by 25.1% during the 4th quarter. Invesco Ltd. now owns 1,243,507 shares of the company's stock worth $22,781,000 after purchasing an additional 249,616 shares during the period. American Century Companies Inc. grew its stake in shares of SpartanNash by 14.2% during the 4th quarter. American Century Companies Inc. now owns 1,042,192 shares of the company's stock worth $19,093,000 after purchasing an additional 129,907 shares during the period. JPMorgan Chase & Co. grew its stake in shares of SpartanNash by 115.6% during the 4th quarter. JPMorgan Chase & Co. now owns 220,964 shares of the company's stock worth $4,048,000 after purchasing an additional 118,478 shares during the period. ProShare Advisors LLC grew its stake in shares of SpartanNash by 31.3% during the 4th quarter. ProShare Advisors LLC now owns 422,921 shares of the company's stock worth $7,748,000 after purchasing an additional 100,833 shares during the period. Finally, AMH Equity Ltd grew its stake in shares of SpartanNash by 316.7% during the 4th quarter. AMH Equity Ltd now owns 125,000 shares of the company's stock worth $2,290,000 after purchasing an additional 95,000 shares during the period. 84.59% of the stock is owned by institutional investors and hedge funds.

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.