Browse By

SpartanNash Company (SPTN) Upgraded by BidaskClub to “Hold”

SpartanNash logoSpartanNash Company (NASDAQ:SPTN) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Monday, July 31st.

Several other equities research analysts have also commented on SPTN. ValuEngine lowered SpartanNash from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Pivotal Research lowered SpartanNash from a “hold” rating to a “sell” rating and lowered their price objective for the stock from $35.00 to $20.00 in a research report on Monday, June 26th. Zacks Investment Research upgraded SpartanNash from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Jefferies Group LLC restated a “hold” rating and issued a $30.00 price objective (down previously from $35.00) on shares of SpartanNash in a research report on Friday, June 23rd. Finally, Barclays PLC restated an “equal weight” rating and issued a $28.00 price objective (down previously from $36.00) on shares of SpartanNash in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $29.40.

Get SpartanNash Company alerts:

SpartanNash (NASDAQ:SPTN) traded up 0.61% during mid-day trading on Monday, reaching $26.24. 158,998 shares of the company’s stock were exchanged. SpartanNash has a one year low of $24.81 and a one year high of $40.38. The firm has a market capitalization of $993.03 million, a P/E ratio of 15.94 and a beta of 1.00. The company’s 50-day moving average is $26.54 and its 200 day moving average is $32.70.

SpartanNash (NASDAQ:SPTN) last issued its earnings results on Wednesday, May 24th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.46 billion. SpartanNash had a return on equity of 10.03% and a net margin of 0.79%. SpartanNash’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Equities analysts predict that SpartanNash will post $2.30 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “SpartanNash Company (SPTN) Upgraded by BidaskClub to “Hold”” was published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.com-unik.info/2017/08/11/spartannash-company-sptn-lifted-to-hold-at-bidaskclub-updated.html.

In related news, Director M Shan Atkins sold 2,000 shares of the stock in a transaction on Monday, June 19th. The stock was sold at an average price of $27.69, for a total value of $55,380.00. Following the completion of the transaction, the director now directly owns 32,425 shares of the company’s stock, valued at approximately $897,848.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Theodore Adornato sold 1,182 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $36.86, for a total value of $43,568.52. Following the completion of the transaction, the insider now directly owns 51,256 shares of the company’s stock, valued at $1,889,296.16. The disclosure for this sale can be found here. Insiders have sold a total of 11,936 shares of company stock worth $407,921 in the last quarter. Insiders own 3.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of SPTN. BlackRock Inc. increased its position in SpartanNash by 21,712.5% in the first quarter. BlackRock Inc. now owns 4,785,883 shares of the company’s stock valued at $167,458,000 after buying an additional 4,763,942 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in shares of SpartanNash by 16.6% in the first quarter. Wedge Capital Management L L P NC now owns 408,727 shares of the company’s stock worth $14,301,000 after buying an additional 58,281 shares during the period. Gotham Asset Management LLC increased its stake in shares of SpartanNash by 16.9% in the first quarter. Gotham Asset Management LLC now owns 172,430 shares of the company’s stock worth $6,033,000 after buying an additional 24,931 shares during the period. Alpha Windward LLC increased its stake in shares of SpartanNash by 0.5% in the first quarter. Alpha Windward LLC now owns 12,420 shares of the company’s stock worth $435,000 after buying an additional 60 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of SpartanNash by 5.0% in the first quarter. Bank of New York Mellon Corp now owns 582,553 shares of the company’s stock worth $20,384,000 after buying an additional 27,757 shares during the period. 87.29% of the stock is owned by hedge funds and other institutional investors.

About SpartanNash

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.

Analyst Recommendations for SpartanNash (NASDAQ:SPTN)

What are top analysts saying about SpartanNash Company? – Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for SpartanNash Company and related companies.

Leave a Reply

Your email address will not be published. Required fields are marked *