SpartanNash (NASDAQ:SPTN) Upgraded by StockNews.com to “Buy” Rating

SpartanNash (NASDAQ:SPTN) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

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

SpartanNash Price Performance

Shares of SpartanNash stock opened at $20.10 on Tuesday. SpartanNash has a twelve month low of $17.30 and a twelve month high of $23.00. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. The company has a 50-day simple moving average of $19.16 and a two-hundred day simple moving average of $19.89. The stock has a market capitalization of $678.68 million, a price-to-earnings ratio of -2,010.00 and a beta of 0.34.

SpartanNash (NASDAQ:SPTN) last issued its earnings results 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 quarter last year, the firm earned $0.35 earnings per share. Analysts forecast that SpartanNash will post 1.79 EPS for the current year.

Institutional Investors Weigh In On SpartanNash

Institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its holdings in SpartanNash by 3,585.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company’s stock worth $32,000 after acquiring an additional 1,685 shares during the last quarter. State of Wyoming acquired a new position in shares of SpartanNash in the 4th quarter worth approximately $43,000. Tower Research Capital LLC TRC lifted its position in shares of SpartanNash by 167.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company’s stock worth $109,000 after purchasing an additional 3,735 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of SpartanNash in the 4th quarter worth approximately $113,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of SpartanNash in the 4th quarter worth approximately $132,000. 84.59% of the stock is owned by institutional investors.

SpartanNash Company Profile

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.