SpartanNash Co (NASDAQ:SPTN) Receives $15.17 Average PT from Brokerages

SpartanNash Co (NASDAQ:SPTN) has been assigned an average recommendation of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $14.33.

A number of analysts have issued reports on SPTN shares. BMO Capital Markets lowered shares of SpartanNash from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $13.00 to $8.00 in a research note on Friday, August 2nd. ValuEngine upgraded shares of SpartanNash from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Pivotal Research cut their price target on shares of SpartanNash from $12.00 to $10.00 and set a “sell” rating on the stock in a research note on Tuesday, June 11th. Barclays cut their price target on shares of SpartanNash from $13.00 to $8.00 and set an “underweight” rating on the stock in a research note on Tuesday. Finally, Loop Capital started coverage on shares of SpartanNash in a research note on Tuesday, June 25th. They set a “buy” rating and a $15.00 price target on the stock.

SPTN traded down $0.47 on Wednesday, hitting $8.94. The company had a trading volume of 433,185 shares, compared to its average volume of 273,219. The stock has a market cap of $324.65 million, a price-to-earnings ratio of 4.78, a P/E/G ratio of 1.07 and a beta of 1.37. SpartanNash has a 1 year low of $8.82 and a 1 year high of $24.11. The stock’s fifty day simple moving average is $11.08. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.82 and a current ratio of 1.90.



SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings data on Monday, May 20th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.51 billion. SpartanNash had a net margin of 0.35% and a return on equity of 7.77%. SpartanNash’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 EPS. On average, equities research analysts predict that SpartanNash will post 1.33 EPS for the current year.

A number of large investors have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in shares of SpartanNash by 60.6% in the second quarter. Bank of America Corp DE now owns 52,192 shares of the company’s stock valued at $609,000 after acquiring an additional 19,699 shares during the period. Zebra Capital Management LLC boosted its holdings in shares of SpartanNash by 72.7% in the second quarter. Zebra Capital Management LLC now owns 33,564 shares of the company’s stock valued at $392,000 after acquiring an additional 14,132 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of SpartanNash in the second quarter valued at approximately $317,000. Invesco Ltd. boosted its holdings in shares of SpartanNash by 53.7% in the second quarter. Invesco Ltd. now owns 817,636 shares of the company’s stock valued at $9,542,000 after acquiring an additional 285,630 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of SpartanNash by 9.1% in the second quarter. Vanguard Group Inc. now owns 2,681,176 shares of the company’s stock valued at $31,288,000 after acquiring an additional 223,193 shares during the period. Institutional investors own 84.63% of the company’s stock.

SpartanNash Company Profile

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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Analyst Recommendations for SpartanNash (NASDAQ:SPTN)

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