SpartanNash (NASDAQ:SPTN - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $19.76, but opened at $18.86. SpartanNash shares last traded at $19.24, with a volume of 55,091 shares changing hands.
Analysts Set New Price Targets
A number of research firms have recently issued reports on SPTN. Northcoast Research downgraded shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price objective on the stock. in a report on Wednesday. StockNews.com downgraded shares of SpartanNash from a "buy" rating to a "hold" rating in a report on Thursday, January 30th.
Check Out Our Latest Stock Report on SpartanNash
SpartanNash Stock Performance
The firm has a market capitalization of $664.06 million, a price-to-earnings ratio of -1,967.00 and a beta of 0.34. The stock's fifty day moving average is $18.63 and its two-hundred day moving average is $19.97. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00.
SpartanNash (NASDAQ:SPTN - Get Free Report) last issued its 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 EPS. On average, analysts predict that SpartanNash will post 1.79 earnings per share for the current year.
Hedge Funds Weigh In On SpartanNash
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPTN. Creative Planning boosted its position in SpartanNash by 5.7% during the third quarter. Creative Planning now owns 13,165 shares of the company's stock worth $295,000 after purchasing an additional 708 shares during the period. Blue Trust Inc. boosted its position in SpartanNash by 308.8% during the third quarter. Blue Trust Inc. now owns 7,531 shares of the company's stock worth $169,000 after purchasing an additional 5,689 shares during the period. Signaturefd LLC boosted its position in SpartanNash by 64.9% during the third quarter. Signaturefd LLC now owns 1,801 shares of the company's stock worth $40,000 after purchasing an additional 709 shares during the period. Ballentine Partners LLC boosted its position in SpartanNash by 7.4% during the third quarter. Ballentine Partners LLC now owns 23,452 shares of the company's stock worth $526,000 after purchasing an additional 1,617 shares during the period. Finally, Semanteon Capital Management LP bought a new position in SpartanNash during the third quarter worth $438,000. 84.59% of the stock is owned by institutional investors.
About SpartanNash
(
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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