Shares of SpartanNash Co (NASDAQ:SPTN) have received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $20.60.
A number of brokerages have weighed in on SPTN. ValuEngine upgraded SpartanNash from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 8th. BMO Capital Markets cut SpartanNash from an “outperform” rating to a “market perform” rating and set a $23.00 price objective for the company. in a research note on Thursday, November 8th. BidaskClub upgraded SpartanNash from a “buy” rating to a “strong-buy” rating in a research note on Friday. Zacks Investment Research upgraded SpartanNash from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Finally, Royal Bank of Canada began coverage on SpartanNash in a research note on Thursday, January 10th. They issued an “outperform” rating and a $25.00 price objective for the company.
In related news, Director Douglas A. Hacker sold 2,499 shares of the company’s stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $18.75, for a total transaction of $46,856.25. Following the transaction, the director now owns 31,265 shares of the company’s stock, valued at $586,218.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David M. Staples sold 11,960 shares of the company’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $18.39, for a total value of $219,944.40. Following the transaction, the insider now directly owns 182,706 shares in the company, valued at approximately $3,359,963.34. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.
NASDAQ SPTN traded up $0.03 on Wednesday, reaching $21.77. The stock had a trading volume of 151,166 shares, compared to its average volume of 166,378. The company has a current ratio of 1.99, a quick ratio of 0.84 and a debt-to-equity ratio of 0.94. SpartanNash has a 12-month low of $16.08 and a 12-month high of $26.99. The stock has a market cap of $782.46 million, a P/E ratio of 10.37, a P/E/G ratio of 1.50 and a beta of 1.24.
SpartanNash Company Profile
SpartanNash Co engages in the distribution of grocery products to military commissaries in the U.S. It operates through the following segments: Military, Food Distribution, and Retail. The Military segment sells and distributes grocery products primarily to U.S. military commissaries and exchanges. The Food Distribution segment distributes groceries to independent and corporate owned grocery retailers using multi-platform sales approach.
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