SpartanNash (NASDAQ:SPTN) Stock Rating Lowered by Wall Street Zen

SpartanNash (NASDAQ:SPTN - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

Separately, Northcoast Research cut shares of SpartanNash from a "buy" rating to a "neutral" rating and set a $10.00 price target on the stock. in a report on Wednesday, February 19th.

SpartanNash Trading Down 8.9%

Shares of NASDAQ SPTN traded down $1.90 during trading hours on Friday, hitting $19.54. The company's stock had a trading volume of 732,933 shares, compared to its average volume of 270,156. The business has a 50-day simple moving average of $19.65 and a 200-day simple moving average of $19.23. The stock has a market cap of $661.51 million, a price-to-earnings ratio of -1,954.00 and a beta of 0.42. 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 has a 12 month low of $17.30 and a 12 month high of $23.00.

SpartanNash (NASDAQ:SPTN - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.08). The firm had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $2.87 billion. During the same quarter in the prior year, the company posted $0.53 EPS. The business's revenue was up 3.7% on a year-over-year basis. On average, analysts anticipate that SpartanNash will post 1.79 earnings per share for the current fiscal year.

Institutional Trading of SpartanNash

Several large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its position in shares of 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 in the last quarter. State of Wyoming purchased a new stake in SpartanNash in the fourth quarter worth $43,000. Tower Research Capital LLC TRC raised its holdings in SpartanNash by 167.4% in 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 in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in SpartanNash during the fourth quarter valued at $113,000. Finally, KLP Kapitalforvaltning AS purchased a new position in SpartanNash during the fourth quarter valued at $132,000. 84.59% of the stock is owned by 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.