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

SpartanNash (NASDAQ:SPTN) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Separately, Northcoast Research downgraded SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a report on Wednesday, February 19th.

SpartanNash Stock Up 0.7 %

NASDAQ SPTN opened at $20.05 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. SpartanNash has a 52 week low of $17.30 and a 52 week high of $23.00. The firm has a market capitalization of $676.99 million, a price-to-earnings ratio of -2,005.00 and a beta of 0.34. The company has a fifty day moving average of $19.39 and a two-hundred day moving average of $19.80.

SpartanNash (NASDAQ:SPTN) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. During the same quarter in the previous year, the firm earned $0.35 EPS. On average, analysts predict that SpartanNash will post 1.79 earnings per share for the current year.

Hedge Funds Weigh In On SpartanNash

A number of hedge funds have recently added to or reduced their stakes in SPTN. Victory Capital Management Inc. boosted its holdings in shares of SpartanNash by 35.6% in the third quarter. Victory Capital Management Inc. now owns 14,681 shares of the company’s stock valued at $329,000 after purchasing an additional 3,851 shares during the period. Intech Investment Management LLC grew its position in shares of SpartanNash by 64.3% during the 3rd quarter. Intech Investment Management LLC now owns 20,769 shares of the company’s stock worth $465,000 after buying an additional 8,125 shares in the last quarter. Martingale Asset Management L P grew its position in shares of SpartanNash by 2.2% during the 3rd quarter. Martingale Asset Management L P now owns 48,114 shares of the company’s stock worth $1,078,000 after buying an additional 1,040 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of SpartanNash in the third quarter valued at about $244,000. Finally, Atom Investors LP purchased a new position in SpartanNash during the 3rd quarter valued at about $419,000. 84.59% of the stock is currently owned by institutional investors.

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.