Recent Investment Analysts’ Ratings Updates for SpartanNash (SPTN)

SpartanNash (NASDAQ: SPTN) recently received a number of ratings updates from brokerages and research firms:

  • 11/8/2019 – SpartanNash was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 11/1/2019 – SpartanNash was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/31/2019 – SpartanNash was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/26/2019 – SpartanNash was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/25/2019 – SpartanNash was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/22/2019 – SpartanNash was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “SpartanNash Co. is a food distributor serving military commissaries and exchanges in the United States. The company’s core businesses include distributing food to military commissaries and exchanges and independent and corporate-owned retail stores located in 44 states and the District of Columbia, Europe, Cuba, Puerto Rico, the Azores, Bahrain and Egypt. It operates supermarkets, primarily under the banners of Family Fare Supermarkets, No Frills, Bag ‘n Save and Econofoods. SpartanNash Co., formerly known as Spartan Stores, Inc., is headquartered in United States. “
  • 10/10/2019 – SpartanNash was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 10/3/2019 – SpartanNash was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 9/14/2019 – SpartanNash was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Shares of SPTN stock traded down $0.12 during trading hours on Monday, hitting $11.83. 435,266 shares of the company’s stock traded hands, compared to its average volume of 312,291. The stock’s 50 day simple moving average is $12.55 and its 200 day simple moving average is $12.32. The stock has a market cap of $508.32 million, a PE ratio of 6.33, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. SpartanNash Co has a 12 month low of $8.82 and a 12 month high of $22.49. The company has a quick ratio of 0.75, a current ratio of 1.76 and a debt-to-equity ratio of 1.40.

SpartanNash (NASDAQ:SPTN) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.09). The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. SpartanNash had a net margin of 0.05% and a return on equity of 7.07%. SpartanNash’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 EPS. As a group, equities research analysts expect that SpartanNash Co will post 1.29 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Investors Research Corp raised its stake in SpartanNash by 64.8% during the second quarter. Investors Research Corp now owns 51,255 shares of the company’s stock worth $598,000 after buying an additional 20,150 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in SpartanNash by 4.7% during the second quarter. Crossmark Global Holdings Inc. now owns 23,284 shares of the company’s stock worth $272,000 after buying an additional 1,046 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in SpartanNash by 31.7% during the second quarter. Nisa Investment Advisors LLC now owns 17,470 shares of the company’s stock worth $204,000 after buying an additional 4,200 shares during the last quarter. Foundry Partners LLC raised its stake in SpartanNash by 3.7% during the second quarter. Foundry Partners LLC now owns 268,100 shares of the company’s stock worth $3,129,000 after buying an additional 9,675 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in SpartanNash by 19.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 370,708 shares of the company’s stock worth $4,326,000 after buying an additional 59,504 shares during the last quarter. 83.72% of the stock is owned by hedge funds and other institutional investors.

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 retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores.

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