SpartanNash (NASDAQ:SPTN) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets set a $23.00 price target on SpartanNash and gave the company a “buy” rating in a research report on Friday, August 17th. Zacks Investment Research upgraded shares of SpartanNash from a “sell” rating to a “hold” rating in a research report on Thursday, August 16th. BidaskClub upgraded shares of SpartanNash from a “sell” rating to a “hold” rating in a research report on Thursday, August 16th. Finally, Deutsche Bank decreased their price objective on shares of SpartanNash from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Friday, August 17th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $21.80.

Shares of SPTN opened at $16.59 on Thursday. SpartanNash has a twelve month low of $16.10 and a twelve month high of $27.72. The stock has a market cap of $694.22 million, a PE ratio of 9.86, a P/E/G ratio of 1.38 and a beta of 1.17. The company has a current ratio of 2.06, a quick ratio of 0.88 and a debt-to-equity ratio of 0.97.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.02. SpartanNash had a return on equity of 9.87% and a net margin of 1.02%. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the prior year, the business posted $0.54 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts predict that SpartanNash will post 1.97 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. Assetmark Inc. increased its position in shares of SpartanNash by 13.8% in the second quarter. Assetmark Inc. now owns 20,448 shares of the company’s stock worth $522,000 after purchasing an additional 2,473 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in shares of SpartanNash by 29.4% in the second quarter. Cubist Systematic Strategies LLC now owns 19,968 shares of the company’s stock worth $510,000 after purchasing an additional 4,537 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of SpartanNash by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 36,270 shares of the company’s stock worth $926,000 after purchasing an additional 4,968 shares during the last quarter. Citadel Advisors LLC boosted its stake in SpartanNash by 3.2% in the second quarter. Citadel Advisors LLC now owns 161,455 shares of the company’s stock worth $4,120,000 after buying an additional 5,021 shares in the last quarter. Finally, Bessemer Group Inc. purchased a new stake in SpartanNash in the third quarter worth approximately $102,000. Institutional investors own 84.94% of the company’s stock.

About SpartanNash

SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 60,000 stock-keeping units, such as dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmacy products to independent retail locations, food service distributors, and corporate-owned retail stores.

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Analyst Recommendations for SpartanNash (NASDAQ:SPTN)

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