SpartanNash (NASDAQ:SPTN) Raised to Buy at StockNews.com

SpartanNash (NASDAQ:SPTN) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Separately, Northcoast Research lowered SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research report on Wednesday, February 19th.

SpartanNash Trading Up 0.7 %

Shares of SpartanNash stock traded up $0.14 during midday trading on Tuesday, reaching $20.37. 294,606 shares of the company’s stock traded hands, compared to its average volume of 243,309. The stock has a 50 day moving average of $19.12 and a 200-day moving average of $19.88. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57. The company has a market cap of $687.79 million, a PE ratio of -2,037.00 and a beta of 0.34. SpartanNash has a 12 month low of $17.30 and a 12 month high of $23.00.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. During the same period in the previous year, the business posted $0.35 EPS. As a group, equities analysts expect that SpartanNash will post 1.79 EPS for the current fiscal year.

Hedge Funds Weigh In On SpartanNash

Large investors have recently modified their holdings of the stock. Barclays PLC raised its position in shares of SpartanNash by 120.0% in the 3rd quarter. Barclays PLC now owns 86,412 shares of the company’s stock worth $1,936,000 after purchasing an additional 47,141 shares during the last quarter. Dana Investment Advisors Inc. raised its position in shares of SpartanNash by 16.7% in the 4th quarter. Dana Investment Advisors Inc. now owns 342,796 shares of the company’s stock worth $6,280,000 after purchasing an additional 48,987 shares during the last quarter. Ieq Capital LLC purchased a new position in shares of SpartanNash in the 4th quarter worth about $231,000. Stifel Financial Corp raised its position in shares of SpartanNash by 14.7% in the 3rd quarter. Stifel Financial Corp now owns 47,240 shares of the company’s stock worth $1,059,000 after purchasing an additional 6,058 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of SpartanNash by 71.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 102,486 shares of the company’s stock worth $2,297,000 after purchasing an additional 42,719 shares during the last quarter. Hedge funds and other institutional investors own 84.59% of the company’s stock.

About SpartanNash

SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including 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 pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.