SpartanNash Company (SPTN) Given a $25.00 Price Target by Jefferies Group LLC Analysts

SpartanNash Company (NASDAQ:SPTN) has been given a $25.00 price target by stock analysts at Jefferies Group LLC in a report released on Monday. The brokerage presently has a “hold” rating on the stock. Jefferies Group LLC’s target price indicates a potential upside of 4.60% from the company’s previous close. Jefferies Group also issued estimates for SpartanNash’s Q1 2018 earnings at $0.57 EPS, Q2 2018 earnings at $0.62 EPS, Q3 2018 earnings at $0.55 EPS, FY2018 earnings at $2.31 EPS, FY2019 earnings at $2.43 EPS and FY2020 earnings at $2.43 EPS.

A number of other research analysts have also commented on the stock. Pivotal Research lowered shares of SpartanNash from a “hold” rating to a “sell” rating and decreased their price target for the company from $35.00 to $20.00 in a research note on Monday, June 26th. ValuEngine upgraded shares of SpartanNash from a “hold” rating to a “buy” rating in a research note on Monday, July 17th. Zacks Investment Research upgraded shares of SpartanNash from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub lowered shares of SpartanNash from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $28.00 price target (down previously from $36.00) on shares of SpartanNash in a research note on Friday, July 14th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. SpartanNash presently has an average rating of “Hold” and an average target price of $27.50.

Shares of SpartanNash (NASDAQ:SPTN) opened at 23.90 on Monday. The company has a market cap of $890.75 million, a PE ratio of 13.71 and a beta of 1.06. SpartanNash has a 1-year low of $22.90 and a 1-year high of $40.38. The company has a 50 day moving average of $25.59 and a 200 day moving average of $30.52.

SpartanNash (NASDAQ:SPTN) last released its quarterly earnings data on Wednesday, August 16th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. SpartanNash had a net margin of 0.83% and a return on equity of 10.00%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the business earned $0.58 EPS. SpartanNash’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts expect that SpartanNash will post $2.23 earnings per share for the current fiscal year.

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In other SpartanNash news, Director M Shan Atkins sold 2,000 shares of the business’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $27.69, for a total value of $55,380.00. Following the completion of the sale, the director now owns 32,425 shares of the company’s stock, valued at approximately $897,848.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Alpha Windward LLC boosted its holdings in SpartanNash by 1.4% in the 2nd quarter. Alpha Windward LLC now owns 12,600 shares of the company’s stock valued at $327,000 after purchasing an additional 180 shares during the period. Suntrust Banks Inc. boosted its holdings in SpartanNash by 1.8% in the 2nd quarter. Suntrust Banks Inc. now owns 10,259 shares of the company’s stock valued at $266,000 after purchasing an additional 183 shares during the period. Louisiana State Employees Retirement System boosted its holdings in SpartanNash by 1.3% in the 1st quarter. Louisiana State Employees Retirement System now owns 15,260 shares of the company’s stock valued at $534,000 after purchasing an additional 200 shares during the period. Arizona State Retirement System boosted its holdings in SpartanNash by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 19,760 shares of the company’s stock valued at $513,000 after purchasing an additional 200 shares during the period. Finally, Comerica Bank boosted its holdings in SpartanNash by 0.3% in the 2nd quarter. Comerica Bank now owns 81,958 shares of the company’s stock valued at $2,180,000 after purchasing an additional 208 shares during the period. 88.24% of the stock is owned by hedge funds and other institutional investors.

SpartanNash Company Profile

SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries.

Analyst Recommendations for SpartanNash (NASDAQ:SPTN)

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