SuperValu Inc. (NYSE:SVU) shares shot up 3.1% during trading on Wednesday . The company traded as high as $4.97 and last traded at $4.97, with a volume of 1,909,254 shares traded. The stock had previously closed at $4.82.

A number of brokerages have commented on SVU. Morgan Stanley reduced their price objective on SuperValu from $5.50 to $5.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 28th. Zacks Investment Research lowered SuperValu from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $7.00 target price on shares of SuperValu in a research report on Thursday, July 28th. Telsey Advisory Group dropped their target price on SuperValu from $6.00 to $5.00 and set a “market perform” rating on the stock in a research report on Thursday, July 28th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $5.00 target price on shares of SuperValu in a research report on Tuesday, July 26th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. SuperValu presently has a consensus rating of “Hold” and a consensus price target of $6.16.

The firm’s 50 day moving average is $4.92 and its 200 day moving average is $4.96. The stock has a market capitalization of $1.30 billion and a PE ratio of 8.20.

SuperValu (NYSE:SVU) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.03. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same quarter in the previous year, the business earned $0.23 earnings per share. The company’s revenue was down 3.9% compared to the same quarter last year. On average, equities research analysts anticipate that SuperValu Inc. will post $0.67 EPS for the current year.

Other institutional investors recently bought and sold shares of the company. 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 worth $1,218,000 after buying an additional 3,343 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 worth $1,293,000 after buying an additional 48,861 shares during the period. Airain ltd increased its position in 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 period. Trexquant Investment LP bought a new position in SuperValu during the fourth quarter worth $1,479,000. Finally, California Public Employees Retirement System increased its position in SuperValu by 5.7% in the fourth quarter. California Public Employees Retirement System now owns 416,200 shares of the company’s stock worth $2,822,000 after buying an additional 22,300 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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