SpartanNash (NASDAQ:SPTN) Downgraded by StockNews.com to Hold

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

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

SpartanNash Trading Down 1.0 %

Shares of SPTN opened at $19.36 on Wednesday. The company’s fifty day simple moving average is $19.32 and its 200-day simple moving average is $19.80. The company has a market cap of $653.69 million, a P/E ratio of -1,936.00 and a beta of 0.34. The company has a current ratio of 1.57, a quick ratio of 0.78 and a debt-to-equity ratio of 1.00. SpartanNash has a twelve month low of $17.30 and a twelve month high of $23.00.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. During the same quarter in the previous year, the business earned $0.35 earnings per share. As a group, analysts expect that SpartanNash will post 1.79 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of SpartanNash by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,198 shares of the company’s stock worth $352,000 after buying an additional 732 shares during the period. Yousif Capital Management LLC lifted its stake in SpartanNash by 5.9% in the fourth quarter. Yousif Capital Management LLC now owns 13,696 shares of the company’s stock worth $251,000 after acquiring an additional 768 shares during the period. Martingale Asset Management L P grew its holdings in 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 acquiring an additional 1,040 shares in the last quarter. MBM Wealth Consultants LLC grew its holdings in SpartanNash by 10.1% during the 4th quarter. MBM Wealth Consultants LLC now owns 13,083 shares of the company’s stock worth $238,000 after acquiring an additional 1,203 shares in the last quarter. Finally, BOKF NA increased its position in SpartanNash by 10.6% during the 4th quarter. BOKF NA now owns 13,394 shares of the company’s stock valued at $233,000 after purchasing an additional 1,280 shares during the period. 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.