SpartanNash Company (SPTN) Downgraded by TheStreet
Other research analysts have also recently issued research reports about the company. Jefferies Group LLC set a $27.00 price target on SpartanNash and gave the stock a hold rating in a research note on Thursday, August 17th. BidaskClub upgraded SpartanNash from a sell rating to a hold rating in a research note on Monday, July 31st. Zacks Investment Research upgraded SpartanNash from a sell rating to a hold rating in a research note on Thursday, July 27th. ValuEngine upgraded SpartanNash from a hold rating to a buy rating in a research note on Monday, July 17th. Finally, Pivotal Research reiterated a sell rating and issued a $18.00 price target on shares of SpartanNash in a research note on Wednesday. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $23.20.
SpartanNash (NASDAQ SPTN) opened at $20.09 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 1.87 and a debt-to-equity ratio of 0.76. SpartanNash has a one year low of $18.56 and a one year high of $40.38. The company has a market capitalization of $882.20, a PE ratio of 10.66, a P/E/G ratio of 3.52 and a beta of 1.02.
SpartanNash (NASDAQ:SPTN) last released its quarterly earnings results 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 business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. analysts forecast that SpartanNash will post 2.24 EPS for the current year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in SPTN. Victory Capital Management Inc. raised its stake in SpartanNash by 17.7% during the second quarter. Victory Capital Management Inc. now owns 4,689 shares of the company’s stock valued at $122,000 after buying an additional 704 shares in the last quarter. Sei Investments Co. acquired a new stake in SpartanNash during the second quarter valued at approximately $127,000. State of Alaska Department of Revenue raised its stake in SpartanNash by 80.4% during the second quarter. State of Alaska Department of Revenue now owns 7,468 shares of the company’s stock valued at $193,000 after buying an additional 3,328 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in SpartanNash during the second quarter valued at approximately $212,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in SpartanNash during the second quarter valued at approximately $238,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.
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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