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

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

Separately, Northcoast Research cut SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price target for the company. in a research note on Wednesday, February 19th.

SpartanNash Stock Down 1.0 %

Shares of SpartanNash stock opened at $19.36 on Wednesday. SpartanNash has a 52-week low of $17.30 and a 52-week high of $23.00. The firm’s 50 day moving average price is $19.32 and its 200-day moving average price is $19.80. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. The company has a market cap of $653.69 million, a P/E ratio of -1,936.00 and a beta of 0.34.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in SpartanNash by 3,585.1% in 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. State of Wyoming acquired a new stake in shares of SpartanNash in the fourth quarter worth $43,000. Tower Research Capital LLC TRC raised its holdings in shares of SpartanNash by 167.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,966 shares of the company’s stock worth $109,000 after purchasing an additional 3,735 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in SpartanNash during the fourth quarter valued at $113,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in SpartanNash in the fourth quarter valued at $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.