SpartanNash (NASDAQ:SPTN) Rating Lowered to “Hold” at StockNews.com

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

SpartanNash Stock Up 1.3 %

Shares of SPTN stock opened at $18.25 on Wednesday. SpartanNash has a 1-year low of $17.30 and a 1-year high of $23.00. The company has a market cap of $616.12 million, a price-to-earnings ratio of 13.72 and a beta of 0.35. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 0.83. The stock’s fifty day moving average price is $18.59 and its 200 day moving average price is $20.11.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.24 billion. SpartanNash had a net margin of 0.48% and a return on equity of 8.57%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 EPS. On average, research analysts expect that SpartanNash will post 1.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SpartanNash

Large investors have recently made changes to their positions in the stock. Barclays PLC increased its position in shares of SpartanNash by 120.0% during the third quarter. Barclays PLC now owns 86,412 shares of the company’s stock valued at $1,936,000 after acquiring an additional 47,141 shares during the last quarter. Stifel Financial Corp increased its position in shares of SpartanNash by 14.7% during the third quarter. Stifel Financial Corp now owns 47,240 shares of the company’s stock worth $1,059,000 after purchasing an additional 6,058 shares in the last quarter. Verition Fund Management LLC acquired a new position in SpartanNash in the third quarter valued at $244,000. Harbor Capital Advisors Inc. lifted its position in SpartanNash by 20.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 20,005 shares of the company’s stock worth $366,000 after acquiring an additional 3,356 shares during the period. Finally, Dana Investment Advisors Inc. increased its stake in SpartanNash by 14.5% in the 2nd quarter. Dana Investment Advisors Inc. now owns 328,357 shares of the company’s stock valued at $6,160,000 after buying an additional 41,619 shares during the period. 84.59% of the stock is currently owned by hedge funds and other 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.