SpartanNash (NASDAQ:SPTN - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Thursday.
Separately, Northcoast Research downgraded shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price target for the company. in a research report on Wednesday, February 19th.
Get Our Latest Stock Analysis on SPTN
SpartanNash Stock Performance
SPTN traded down $0.39 during trading on Thursday, hitting $20.18. The stock had a trading volume of 294,909 shares, compared to its average volume of 261,157. 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 company has a 50 day moving average price of $19.68 and a 200-day moving average price of $19.75. SpartanNash has a one year low of $17.30 and a one year high of $23.00. The firm has a market cap of $681.38 million, a price-to-earnings ratio of -2,018.00 and a beta of 0.34.
SpartanNash (NASDAQ:SPTN - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.09. During the same quarter in the prior year, the firm posted $0.35 earnings per share. As a group, research analysts predict that SpartanNash will post 1.79 EPS for the current year.
Hedge Funds Weigh In On SpartanNash
Hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its position in shares of SpartanNash by 3,585.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company's stock worth $32,000 after acquiring an additional 1,685 shares in the last quarter. State of Wyoming acquired a new stake in shares of SpartanNash in the 4th quarter valued at $43,000. Tower Research Capital LLC TRC increased its stake in shares of 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 purchasing an additional 3,735 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of SpartanNash during the 4th quarter worth $113,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of SpartanNash during the 4th quarter worth $132,000. 84.59% of the stock is currently owned by institutional investors and hedge funds.
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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