SuperValu Inc. (NYSE:SVU) was downgraded by equities researchers at TheStreet from a “c” rating to a “d+” rating in a research note issued to investors on Wednesday.

Other equities analysts also recently issued reports about the stock. Morgan Stanley decreased their price target on shares of SuperValu from $22.50 to $20.50 and set an “equal weight” rating for the company in a research note on Thursday. Royal Bank Of Canada reissued an “outperform” rating and issued a $35.00 price target on shares of SuperValu in a research note on Thursday. Northcoast Research reissued a “neutral” rating on shares of SuperValu in a research note on Thursday. Telsey Advisory Group decreased their price target on shares of SuperValu from $38.50 to $31.50 and set a “market perform” rating for the company in a research note on Tuesday, June 27th. Finally, ValuEngine raised shares of SuperValu from a “hold” rating to a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. SuperValu has a consensus rating of “Hold” and an average target price of $30.33.

Shares of SuperValu (SVU) opened at 15.70 on Wednesday. The company has a market capitalization of $598.83 million, a price-to-earnings ratio of 0.97 and a beta of 2.13. The company has a 50-day moving average price of $20.46 and a 200-day moving average price of $23.95. SuperValu has a 12 month low of $15.51 and a 12 month high of $38.43.

SuperValu (NYSE:SVU) last posted its earnings results on Wednesday, October 18th. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.11. The company had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.78 billion. SuperValu had a net margin of 4.08% and a return on equity of 41.33%. SuperValu’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 earnings per share. On average, equities analysts anticipate that SuperValu will post $2.23 EPS for the current year.

WARNING: “TheStreet Downgrades SuperValu Inc. (SVU) to D+” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/20/thestreet-downgrades-supervalu-inc-svu-to-d.html.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Palo Capital bought a new position in shares of SuperValu during the third quarter valued at approximately $88,000. Oakbrook Investments LLC increased its stake in shares of SuperValu by 6.9% during the second quarter. Oakbrook Investments LLC now owns 21,700 shares of the company’s stock valued at $102,000 after purchasing an additional 1,400 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of SuperValu during the fourth quarter valued at approximately $108,000. Commonwealth Equity Services Inc increased its stake in shares of SuperValu by 30.4% during the second quarter. Commonwealth Equity Services Inc now owns 23,934 shares of the company’s stock valued at $113,000 after purchasing an additional 5,576 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of SuperValu by 12.5% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 24,170 shares of the company’s stock valued at $121,000 after purchasing an additional 2,689 shares in the last quarter.

SuperValu Company Profile

Supervalu Inc is a wholesale distributor to independent retail customers across the United States. The Company’s segments include Wholesale and Retail. The Company offers a range of advertised brand name and private-label products, including grocery (both perishable and nonperishable), general merchandise and home, health and beauty care, and pharmacy, which are sold through Company-operated and licensed Retail stores to shoppers and through its Wholesale segment to independent retail customers.

Analyst Recommendations for SuperValu (NYSE:SVU)

Receive News & Ratings for SuperValu Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SuperValu Inc. and related companies with MarketBeat.com's FREE daily email newsletter.