Shares of SuperValu Inc. (NYSE:SVU) traded up 10.2% during mid-day trading on Wednesday . The company traded as high as $5.09 and last traded at $5.07, with a volume of 2,423,857 shares. The stock had previously closed at $4.60.

A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded SuperValu from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a report on Monday. Morgan Stanley reiterated a “hold” rating and set a $5.50 target price on shares of SuperValu in a report on Friday, June 10th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. SuperValu currently has an average rating of “Hold” and a consensus target price of $6.68.

SuperValu (NYSE:SVU) last released its earnings results on Tuesday, April 26th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.02 billion. The company’s revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS.

Several large investors have recently added to or reduced their stakes in SVU. Mutual of America Capital Management LLC increased its stake in SuperValu by 1.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 179,702 shares of the company’s stock worth $1,218,000 after buying an additional 3,343 shares during the last quarter. Retirement Systems of Alabama increased its stake in SuperValu by 1.7% in the fourth quarter. Retirement Systems of Alabama now owns 341,693 shares of the company’s stock worth $2,317,000 after buying an additional 5,740 shares during the last quarter. Rhumbline Advisers increased its stake in SuperValu by 1.1% in the fourth quarter. Rhumbline Advisers now owns 561,730 shares of the company’s stock worth $3,809,000 after buying an additional 5,960 shares during the last quarter. California State Teachers Retirement System increased its stake in SuperValu by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 485,142 shares of the company’s stock worth $3,289,000 after buying an additional 7,718 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in SuperValu by 1.5% in the fourth quarter. American Century Companies Inc. now owns 910,672 shares of the company’s stock worth $6,174,000 after buying an additional 13,532 shares during the last quarter.

SUPERVALU INC. is a wholesale distributor to independent retail customers across the United States. The Company operates through three segments: Wholesale, Save-A-Lot and Retail. The Wholesale segment spans approximately 40 states and serves as a primary grocery supplier to approximately 1,800 stores of independent retail customers, in addition to its own Retail stores, as well as serving as a secondary grocery supplier to approximately 230 stores of independent retail customers.

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