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 report released on Wednesday.

Separately, Northcoast Research cut shares of 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 Stock Up 0.7 %

Shares of SPTN stock opened at $20.05 on Wednesday. The company 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 debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.78. The company’s fifty day moving average price is $19.39 and its 200-day moving average price is $19.80. SpartanNash has a one year low of $17.30 and a one year high of $23.00.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. During the same period in the prior year, the firm earned $0.35 EPS. Sell-side analysts expect that SpartanNash will post 1.79 EPS for the current fiscal year.

Institutional Investors Weigh In On SpartanNash

A number of hedge funds have recently made changes to their positions in SPTN. Nisa Investment Advisors LLC increased its stake in SpartanNash by 3,585.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,732 shares of the company’s stock worth $32,000 after acquiring an additional 1,685 shares during the last quarter. State of Wyoming purchased a new stake in SpartanNash during the fourth quarter valued at $43,000. Tower Research Capital LLC TRC lifted its position 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 purchasing an additional 3,735 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of SpartanNash in the 4th quarter worth $113,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of SpartanNash in the 4th quarter worth about $132,000. 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.