SpartanNash (NASDAQ:SPTN) had its price target raised by Deutsche Bank from $20.00 to $21.00 in a report published on Monday morning, BenzingaRatingsTable reports. Deutsche Bank currently has a hold rating on the stock.
A number of other research firms have also issued reports on SPTN. Barclays reaffirmed a hold rating and issued a $20.00 target price on shares of SpartanNash in a report on Friday, May 29th. ValuEngine upgraded shares of SpartanNash from a strong sell rating to a sell rating in a research note on Saturday, June 27th. TheStreet upgraded shares of SpartanNash from a c rating to a b rating in a research note on Wednesday, August 12th. BMO Capital Markets reissued a hold rating and issued a $23.00 price target on shares of SpartanNash in a report on Friday, August 14th. Finally, BTIG Research initiated coverage on shares of SpartanNash in a report on Thursday, July 16th. They set a neutral rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $20.75.
Shares of SpartanNash stock opened at $20.25 on Monday. The company has a current ratio of 1.56, a quick ratio of 0.75 and a debt-to-equity ratio of 1.15. The firm has a fifty day simple moving average of $21.28 and a 200-day simple moving average of $17.08. The stock has a market capitalization of $747.12 million, a price-to-earnings ratio of 14.78 and a beta of 1.04. SpartanNash has a 1-year low of $9.00 and a 1-year high of $23.94.
SpartanNash (NASDAQ:SPTN) last announced its earnings results on Wednesday, August 12th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.62 by $0.11. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.31 billion. SpartanNash had a net margin of 0.54% and a return on equity of 10.02%. As a group, research analysts predict that SpartanNash will post 2.53 earnings per share for the current year.
In other news, Director M Shan Atkins sold 6,000 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $22.75, for a total value of $136,500.00. Following the sale, the director now owns 39,112 shares of the company’s stock, valued at approximately $889,798. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 15,173 shares of company stock valued at $337,410 in the last 90 days. 1.80% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings in SpartanNash by 5.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 475,480 shares of the company’s stock worth $10,104,000 after acquiring an additional 26,466 shares during the last quarter. Martin & Co. Inc. TN lifted its position in shares of SpartanNash by 1.7% during the second quarter. Martin & Co. Inc. TN now owns 63,918 shares of the company’s stock worth $1,358,000 after purchasing an additional 1,078 shares in the last quarter. Intrinsic Edge Capital Management LLC lifted its position in shares of SpartanNash by 905.9% during the second quarter. Intrinsic Edge Capital Management LLC now owns 449,437 shares of the company’s stock worth $9,551,000 after purchasing an additional 404,757 shares in the last quarter. Engineers Gate Manager LP raised its position in SpartanNash by 156.1% in the 2nd quarter. Engineers Gate Manager LP now owns 69,834 shares of the company’s stock worth $1,484,000 after purchasing an additional 42,563 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in SpartanNash by 134.6% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 170,172 shares of the company’s stock worth $3,616,000 after buying an additional 97,627 shares in the last quarter. Institutional investors and hedge funds own 79.31% 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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