SpartanNash Company (NASDAQ:SPTN)‘s stock had its “market perform” rating reiterated by investment analysts at BMO Capital Markets in a research report issued on Tuesday. They currently have a $25.00 target price on the stock. BMO Capital Markets’ price target would suggest a potential upside of 6.56% from the stock’s previous close.
Other equities analysts also recently issued research reports about the stock. ValuEngine upgraded shares of SpartanNash from a “hold” rating to a “buy” rating in a report on Monday, July 17th. Barclays PLC reiterated an “equal weight” rating and issued a $28.00 price target (down previously from $36.00) on shares of SpartanNash in a report on Friday, July 14th. Jefferies Group LLC set a $35.00 price target on shares of SpartanNash and gave the stock a “hold” rating in a report on Wednesday, June 14th. BidaskClub upgraded shares of SpartanNash from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Zacks Investment Research upgraded shares of SpartanNash from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $27.50.
SpartanNash (NASDAQ:SPTN) opened at 23.46 on Tuesday. SpartanNash has a 12-month low of $22.90 and a 12-month high of $40.38. The company has a 50 day moving average of $25.66 and a 200-day moving average of $30.58. The stock has a market cap of $874.35 million, a P/E ratio of 13.46 and a beta of 1.06.
SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings results on Wednesday, August 16th. The company reported $0.60 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. SpartanNash had a net margin of 0.83% and a return on equity of 10.00%. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the company earned $0.58 EPS. SpartanNash’s quarterly revenue was up 3.7% on a year-over-year basis. Equities analysts forecast that SpartanNash will post $2.23 earnings per share for the current year.
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In other SpartanNash news, Director M Shan Atkins sold 2,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 32,425 shares in the company, valued at approximately $897,848.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 3.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. purchased a new stake in SpartanNash in the 1st quarter worth approximately $112,000. Victory Capital Management Inc. boosted its position in SpartanNash by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,689 shares of the company’s stock worth $122,000 after purchasing an additional 704 shares in the last quarter. Sei Investments Co. purchased a new stake in SpartanNash in the 2nd quarter worth approximately $127,000. LS Investment Advisors LLC boosted its position in SpartanNash by 225.4% in the 1st quarter. LS Investment Advisors LLC now owns 4,555 shares of the company’s stock worth $159,000 after purchasing an additional 3,155 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in SpartanNash by 80.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,468 shares of the company’s stock worth $193,000 after purchasing an additional 3,328 shares in the last quarter. Institutional investors and hedge funds own 88.24% 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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