StockNews.com Downgrades SpartanNash (NASDAQ:SPTN) to Hold

SpartanNash (NASDAQ:SPTN - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Friday.

SpartanNash Price Performance

NASDAQ SPTN traded down $0.84 during trading hours on Friday, reaching $18.94. The company's stock had a trading volume of 418,387 shares, compared to its average volume of 249,117. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.62. The stock has a market cap of $639.13 million, a PE ratio of 14.24 and a beta of 0.39. The company's 50-day moving average is $21.62 and its two-hundred day moving average is $20.42. SpartanNash has a fifty-two week low of $17.74 and a fifty-two week high of $24.51.

SpartanNash (NASDAQ:SPTN - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. SpartanNash had a net margin of 0.48% and a return on equity of 8.87%. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the business earned $0.54 earnings per share. The company's quarterly revenue was down .6% on a year-over-year basis. Analysts forecast that SpartanNash will post 1.98 EPS for the current year.

Institutional Trading of SpartanNash

A number of large investors have recently made changes to their positions in SPTN. nVerses Capital LLC purchased a new position in SpartanNash in the 2nd quarter valued at about $30,000. Canada Pension Plan Investment Board purchased a new position in shares of SpartanNash during the second quarter valued at approximately $34,000. Blue Trust Inc. boosted its position in SpartanNash by 5,317.6% during the second quarter. Blue Trust Inc. now owns 1,842 shares of the company's stock worth $37,000 after acquiring an additional 1,808 shares during the last quarter. Signaturefd LLC grew its stake in SpartanNash by 64.9% in the 3rd quarter. Signaturefd LLC now owns 1,801 shares of the company's stock worth $40,000 after acquiring an additional 709 shares during the period. Finally, GAMMA Investing LLC grew its stake in SpartanNash by 114.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,380 shares of the company's stock worth $45,000 after acquiring an additional 1,270 shares during the period. Institutional investors and hedge funds own 84.59% of the company's stock.

About SpartanNash

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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