SuperValu Inc. (NYSE:SVU)’s share price dropped 2.3% on Friday . The stock traded as low as $5.15 and last traded at $5.17, with a volume of 1,017,071 shares changing hands. The stock had previously closed at $5.29.

SVU has been the subject of several research reports. Zacks Investment Research raised SuperValu from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research report on Monday, July 4th. Morgan Stanley reaffirmed a “hold” rating and issued a $5.50 target price on shares of SuperValu in a research 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 company. The company currently has an average rating of “Hold” and an average price target of $6.68.

The company has a market capitalization of $1.39 billion and a price-to-earnings ratio of 7.94. The stock’s 50-day moving average is $4.77 and its 200 day moving average is $5.04.

SuperValu (NYSE:SVU) last released its earnings results on Tuesday, April 26th. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.04. During the same quarter last year, the company posted $0.24 earnings per share. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.02 billion. The business’s quarterly revenue was down 10.1% compared to the same quarter last year. On average, equities analysts expect that SuperValu Inc. will post $0.71 earnings per share for the current fiscal year.

A number of institutional investors have added to or reduced their stakes in SVU. Trexquant Investment LP acquired a new position in SuperValu during the fourth quarter valued at $1,479,000. Royce & Associates LLC increased its position in SuperValu by 4.3% in the fourth quarter. Royce & Associates LLC now owns 1,616,093 shares of the company’s stock valued at $10,957,000 after buying an additional 67,000 shares during the period. Wells Fargo & Company MN increased its position in SuperValu by 151.3% in the fourth quarter. Wells Fargo & Company MN now owns 2,726,218 shares of the company’s stock valued at $18,484,000 after buying an additional 1,641,341 shares during the period. Bank of Montreal Can increased its position in SuperValu by 34.4% in the fourth quarter. Bank of Montreal Can now owns 190,792 shares of the company’s stock valued at $1,293,000 after buying an additional 48,861 shares during the period. Finally, Mutual of America Capital Management LLC increased its position 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 valued at $1,218,000 after buying an additional 3,343 shares during the period.

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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