Northcoast Research Downgrades SpartanNash (NASDAQ:SPTN) to Neutral

SpartanNash (NASDAQ:SPTN) was downgraded by equities research analysts at Northcoast Research from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday, Marketbeat Ratings reports. They currently have a $10.00 price target on the stock. Northcoast Research’s price objective points to a potential downside of 48.64% from the stock’s current price.

Separately, StockNews.com downgraded shares of SpartanNash from a “buy” rating to a “hold” rating in a research report on Thursday, January 30th.

SpartanNash Trading Up 1.0 %

Shares of NASDAQ SPTN opened at $19.47 on Wednesday. The firm’s 50 day moving average price is $18.63 and its 200-day moving average price is $19.97. The company has a market cap of $657.31 million, a PE ratio of -1,947.00 and a beta of 0.34. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00. 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 (NASDAQ:SPTN) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. During the same quarter in the prior year, the company posted $0.35 EPS. On average, equities research analysts expect that SpartanNash will post 1.79 EPS for the current fiscal year.

Institutional Trading of SpartanNash

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its holdings in SpartanNash by 3,585.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company’s stock valued at $32,000 after buying an additional 1,685 shares during the last quarter. Signaturefd LLC increased its holdings in SpartanNash by 64.9% during the third quarter. Signaturefd LLC now owns 1,801 shares of the company’s stock valued at $40,000 after buying an additional 709 shares during the last quarter. State of Wyoming purchased a new stake in SpartanNash during the fourth quarter valued at approximately $43,000. Tower Research Capital LLC TRC increased its holdings in SpartanNash by 167.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company’s stock valued at $109,000 after buying an additional 3,735 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in SpartanNash during the fourth quarter valued at approximately $113,000. 84.59% of the stock is 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.