SpartanNash (NASDAQ:SPTN - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Tuesday.
Separately, Northcoast Research cut SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price target for the company. in a research note on Wednesday, February 19th.
Check Out Our Latest Stock Analysis on SpartanNash
SpartanNash Stock Down 2.4 %
SPTN traded down $0.49 on Tuesday, reaching $19.62. 850,729 shares of the company traded hands, compared to its average volume of 245,799. The company has a market cap of $662.47 million, a price-to-earnings ratio of -1,962.00 and a beta of 0.34. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.78. The stock's 50 day moving average price is $19.25 and its 200-day moving average price is $19.85. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00.
SpartanNash (NASDAQ:SPTN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.09. During the same quarter last year, the company earned $0.35 earnings per share. On average, sell-side analysts expect that SpartanNash will post 1.79 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC grew its holdings in SpartanNash by 3,585.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company's stock valued at $32,000 after purchasing an additional 1,685 shares during the last quarter. State of Wyoming acquired a new position in SpartanNash in the 4th quarter valued at $43,000. Tower Research Capital LLC TRC grew its stake in SpartanNash by 167.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company's stock valued at $109,000 after buying an additional 3,735 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in SpartanNash in the 4th quarter worth $113,000. Finally, KLP Kapitalforvaltning AS acquired a new position in SpartanNash during the 4th quarter worth $132,000. 84.59% of the stock is owned by institutional investors.
SpartanNash Company Profile
(
Get Free Report)
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.
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