Pivotal Research Analysts Give SpartanNash Company (SPTN) a $20.00 Price Target
SpartanNash Company (NASDAQ:SPTN) received a $20.00 price objective from equities researchers at Pivotal Research in a report released on Tuesday. The firm presently has a “sell” rating on the stock. Pivotal Research’s price objective indicates a potential downside of 22.96% from the stock’s current price.
Other equities analysts have also issued research reports about the company. ValuEngine upgraded SpartanNash from a “hold” rating to a “buy” rating in a research note on Monday, July 17th. Barclays PLC reissued 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 SpartanNash and gave the stock a “hold” rating in a report on Wednesday, June 14th. BidaskClub raised SpartanNash from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Zacks Investment Research raised SpartanNash from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.40.
Shares of SpartanNash (NASDAQ:SPTN) traded up 0.27% during trading on Tuesday, reaching $25.96. 184,603 shares of the company were exchanged. The firm’s 50 day moving average is $26.52 and its 200 day moving average is $32.35. SpartanNash has a 1-year low of $24.81 and a 1-year high of $40.38. The firm has a market capitalization of $982.43 million, a P/E ratio of 15.77 and a beta of 1.00.
SpartanNash (NASDAQ:SPTN) last posted its earnings results on Wednesday, August 16th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. SpartanNash had a return on equity of 10.03% and a net margin of 0.79%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts anticipate that SpartanNash will post $2.30 EPS for the current fiscal year.
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In other SpartanNash news, Director M Shan Atkins sold 2,000 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 32,425 shares of the company’s stock, valued at $897,848.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. LS Investment Advisors LLC increased its stake in SpartanNash by 225.4% in the first quarter. LS Investment Advisors LLC now owns 4,555 shares of the company’s stock worth $159,000 after buying an additional 3,155 shares during the period. Comerica Bank increased its stake in SpartanNash by 8.6% in the first quarter. Comerica Bank now owns 81,750 shares of the company’s stock worth $3,090,000 after buying an additional 6,501 shares during the period. Bank of New York Mellon Corp increased its stake in 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. US Bancorp DE increased its stake in SpartanNash by 21.1% in the first quarter. US Bancorp DE now owns 5,540 shares of the company’s stock worth $194,000 after buying an additional 965 shares during the period. Finally, Wedge Capital Management L L P NC increased its stake in 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. 87.94% of the stock is owned by hedge funds and other institutional investors.
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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