Several other research firms have also recently commented on SPTN. BidaskClub upgraded shares of SpartanNash from a sell rating to a hold rating in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of SpartanNash from a sell rating to a hold rating in a research note on Thursday, July 27th. ValuEngine upgraded shares of SpartanNash from a hold rating to a buy rating in a research note on Monday, July 17th. Jefferies Group LLC reiterated a hold rating and set a $30.00 target price on shares of SpartanNash in a research note on Friday, August 11th. Finally, Pivotal Research set a $20.00 target price on shares of SpartanNash and gave the company a sell rating in a research note on Tuesday, August 15th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $23.20.
Shares of SpartanNash (SPTN) traded down $0.24 during trading on Friday, hitting $19.85. 356,700 shares of the stock were exchanged, compared to its average volume of 199,177. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.81 and a quick ratio of 0.74. SpartanNash has a twelve month low of $18.56 and a twelve month high of $40.38. The firm has a market capitalization of $769.38, a PE ratio of 9.05, a price-to-earnings-growth ratio of 3.10 and a beta of 1.02.
SpartanNash (NASDAQ:SPTN) last released its earnings results on Wednesday, November 8th. The company reported $0.54 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.90 billion. SpartanNash had a negative net margin of 0.93% and a positive return on equity of 10.35%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. equities research analysts anticipate that SpartanNash will post 2.16 EPS for the current year.
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A number of institutional investors have recently made changes to their positions in SPTN. UBS Asset Management Americas Inc. increased its holdings in SpartanNash by 119.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 22,527 shares of the company’s stock valued at $788,000 after buying an additional 12,246 shares during the period. Wellington Management Group LLP increased its holdings in SpartanNash by 34.9% in the 1st quarter. Wellington Management Group LLP now owns 35,214 shares of the company’s stock valued at $1,232,000 after buying an additional 9,111 shares during the period. Teachers Advisors LLC increased its holdings in SpartanNash by 21.2% in the 1st quarter. Teachers Advisors LLC now owns 177,808 shares of the company’s stock valued at $6,222,000 after buying an additional 31,084 shares during the period. California Public Employees Retirement System increased its holdings in SpartanNash by 1.9% in the 1st quarter. California Public Employees Retirement System now owns 53,360 shares of the company’s stock valued at $1,867,000 after buying an additional 1,000 shares during the period. Finally, Vanguard Group Inc. increased its holdings in SpartanNash by 10.0% in the 1st quarter. Vanguard Group Inc. now owns 2,544,312 shares of the company’s stock valued at $89,025,000 after buying an additional 230,533 shares during the period. 88.48% of the stock is currently owned by hedge funds and other institutional investors.
SpartanNash Company Profile
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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