SpartanNash Company (SPTN) Downgraded by TheStreet to “C-“
Other research analysts have also issued research reports about the company. ValuEngine raised SpartanNash from a hold rating to a buy rating in a report on Monday, July 17th. Barclays PLC reissued an equal weight rating and set a $28.00 price objective (down previously from $36.00) on shares of SpartanNash in a report on Friday, July 14th. BidaskClub raised SpartanNash from a sell rating to a hold rating in a report on Monday, July 31st. Zacks Investment Research raised SpartanNash from a sell rating to a hold rating in a report on Thursday, July 27th. Finally, Jefferies Group LLC reissued a hold rating and set a $30.00 price objective on shares of SpartanNash in a report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. SpartanNash has an average rating of Hold and a consensus target price of $23.20.
Shares of SpartanNash (SPTN) traded down $0.45 during midday trading on Wednesday, hitting $20.09. The stock had a trading volume of 392,012 shares, compared to its average volume of 198,453. SpartanNash has a 52 week low of $18.56 and a 52 week high of $40.38. The company has a quick ratio of 0.79, a current ratio of 1.87 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $882.20, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 3.52 and a beta of 1.02.
SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.54 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. SpartanNash had a positive return on equity of 9.95% and a negative net margin of 0.93%. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the previous year, the firm earned $0.53 earnings per share. SpartanNash’s revenue was up 6.1% on a year-over-year basis. analysts anticipate that SpartanNash will post 2.24 EPS for the current year.
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A number of institutional investors and hedge funds have recently modified their holdings of SPTN. UBS Asset Management Americas Inc. boosted its stake in SpartanNash by 119.1% in the first quarter. UBS Asset Management Americas Inc. now owns 22,527 shares of the company’s stock worth $788,000 after buying an additional 12,246 shares in the last quarter. Wellington Management Group LLP boosted its stake in SpartanNash by 34.9% in the first quarter. Wellington Management Group LLP now owns 35,214 shares of the company’s stock worth $1,232,000 after buying an additional 9,111 shares in the last quarter. Teachers Advisors LLC boosted its stake in SpartanNash by 21.2% in the first quarter. Teachers Advisors LLC now owns 177,808 shares of the company’s stock worth $6,222,000 after buying an additional 31,084 shares in the last quarter. California Public Employees Retirement System boosted its stake in SpartanNash by 1.9% in the first quarter. California Public Employees Retirement System now owns 53,360 shares of the company’s stock worth $1,867,000 after buying an additional 1,000 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in SpartanNash by 10.0% in the first quarter. Vanguard Group Inc. now owns 2,544,312 shares of the company’s stock worth $89,025,000 after buying an additional 230,533 shares in the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.
SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries.
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