SpartanNash (NASDAQ:SPTN) Stock Rating Upgraded by StockNews.com

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

Separately, Northcoast Research downgraded shares of 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 Down 1.3 %

SPTN opened at $20.10 on Tuesday. The firm’s fifty day moving average is $19.16 and its two-hundred day moving average is $19.89. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57. SpartanNash has a twelve month low of $17.30 and a twelve month high of $23.00. The firm has a market cap of $678.68 million, a PE ratio of -2,010.00 and a beta of 0.34.

SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.09. During the same quarter in the prior year, the company posted $0.35 EPS. Equities research analysts anticipate that SpartanNash will post 1.79 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of SpartanNash in the 4th quarter valued at about $1,910,000. Mackenzie Financial Corp lifted its stake in shares of SpartanNash by 151.1% during the 4th quarter. Mackenzie Financial Corp now owns 35,518 shares of the company’s stock worth $651,000 after buying an additional 21,371 shares during the last quarter. US Asset Management LLC acquired a new stake in shares of SpartanNash during the 4th quarter worth about $190,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of SpartanNash by 40.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 77,650 shares of the company’s stock worth $1,423,000 after buying an additional 22,223 shares during the last quarter. Finally, Sovereign s Capital Management LLC acquired a new stake in shares of SpartanNash during the 4th quarter worth about $461,000. 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.