SpartanNash (NASDAQ:SPTN - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Thursday.
Separately, Northcoast Research lowered shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price target on the stock. in a report on Wednesday, February 19th.
Read Our Latest Analysis on SpartanNash
SpartanNash Trading Down 3.5 %
SPTN traded down $0.71 on Thursday, reaching $19.47. 339,749 shares of the company traded hands, compared to its average volume of 261,585. The firm has a fifty day simple moving average of $19.70 and a two-hundred day simple moving average of $19.70. 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 has a one year low of $17.30 and a one year high of $23.00. The company has a market cap of $658.98 million, a P/E ratio of -1,947.00 and a beta of 0.53.
SpartanNash (NASDAQ:SPTN - Get Free Report) last released its quarterly earnings data 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 in the previous year, the business earned $0.35 earnings per share. As a group, equities research analysts expect that SpartanNash will post 1.79 earnings per share for the current year.
Institutional Investors Weigh In On SpartanNash
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPTN. Nisa Investment Advisors LLC grew its position 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 buying an additional 1,685 shares during the period. State of Wyoming purchased a new position in shares of SpartanNash in the fourth quarter worth about $43,000. Tower Research Capital LLC TRC boosted its holdings in shares of SpartanNash by 167.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company's stock worth $109,000 after purchasing an additional 3,735 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in SpartanNash in the 4th quarter valued at $113,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of SpartanNash in the fourth quarter valued at about $132,000. 84.59% of the stock is owned by institutional investors and hedge funds.
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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