SpartanNash Company (NASDAQ:SPTN)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Group LLC in a note issued to investors on Monday, October 16th. They presently have a $25.00 target price on the stock. Jefferies Group LLC’s target price indicates a potential upside of 0.24% from the company’s previous close.
Other research analysts have also recently issued reports about the stock. ValuEngine raised shares of SpartanNash from a “hold” rating to a “buy” rating in a report on Monday, July 17th. Barclays PLC restated an “equal weight” rating and set a $28.00 target price (down previously from $36.00) on shares of SpartanNash in a research report on Friday, July 14th. BidaskClub upgraded shares of SpartanNash from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of SpartanNash from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Deutsche Bank AG decreased their target price on shares of SpartanNash from $40.00 to $26.00 and set a “hold” rating on the stock in a research report on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $24.80.
SpartanNash (NASDAQ SPTN) opened at 24.94 on Monday. SpartanNash has a 12-month low of $22.90 and a 12-month high of $40.38. The firm’s 50-day moving average price is $25.37 and its 200-day moving average price is $28.66. The company has a market cap of $929.51 million, a P/E ratio of 14.31 and a beta of 1.08.
SpartanNash (NASDAQ:SPTN) last released its quarterly earnings results on Wednesday, August 16th. The company reported $0.60 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.96 billion. SpartanNash had a net margin of 0.83% and a return on equity of 10.00%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 EPS. Analysts expect that SpartanNash will post $2.23 EPS for the current year.
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Several hedge funds and other institutional investors have recently bought and sold shares of SPTN. BlackRock Inc. boosted its position in shares of SpartanNash by 21,712.5% during the 1st quarter. BlackRock Inc. now owns 4,785,883 shares of the company’s stock worth $167,458,000 after acquiring an additional 4,763,942 shares in the last quarter. Bank of New York Mellon Corp boosted its position in SpartanNash by 71.7% in the second quarter. Bank of New York Mellon Corp now owns 1,000,318 shares of the company’s stock valued at $25,968,000 after buying an additional 417,765 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in SpartanNash by 105.1% in the second quarter. Thrivent Financial For Lutherans now owns 529,376 shares of the company’s stock valued at $13,743,000 after buying an additional 271,266 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in SpartanNash by 59.9% in the first quarter. Goldman Sachs Group Inc. now owns 719,700 shares of the company’s stock valued at $25,182,000 after buying an additional 269,686 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in SpartanNash by 10.0% in the first 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 in the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.
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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