Shares of SuperValu Inc. (NYSE:SVU) were down 1.9% on Friday . The company traded as low as $5.22 and last traded at $5.22, with a volume of 1,335,401 shares trading hands. The stock had previously closed at $5.32.

A number of analysts recently weighed in on SVU shares. Zacks Investment Research upgraded SuperValu from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research note on Monday, July 4th. Morgan Stanley restated a “hold” rating and issued a $5.50 price target on shares of SuperValu in a research note on Friday, June 10th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $6.68.

The company has a 50 day moving average price of $4.85 and a 200-day moving average price of $5.00. The stock has a market cap of $1.38 billion and a P/E ratio of 7.91.

SuperValu (NYSE:SVU) last announced its quarterly 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 company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. Analysts predict that SuperValu Inc. will post $0.71 EPS for the current year.

Other hedge funds recently made changes to their positions in the company. Airain ltd boosted its stake in shares of SuperValu by 103.2% in the fourth quarter. Airain ltd now owns 210,434 shares of the company’s stock worth $1,427,000 after buying an additional 106,882 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of SuperValu during the fourth quarter worth $1,479,000. Royce & Associates LLC boosted its stake in shares of SuperValu by 4.3% in the fourth quarter. Royce & Associates LLC now owns 1,616,093 shares of the company’s stock worth $10,957,000 after buying an additional 67,000 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of SuperValu by 151.3% in the fourth quarter. Wells Fargo & Company MN now owns 2,726,218 shares of the company’s stock worth $18,484,000 after buying an additional 1,641,341 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of SuperValu by 34.4% in the fourth quarter. Bank of Montreal Can now owns 190,792 shares of the company’s stock worth $1,293,000 after buying an additional 48,861 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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