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How Analysts Feel About SpartanNash Co (SPTN) After Today’s Significant Increase?

How Analysts Feel About SpartanNash Co (SPTN) After Today’s Significant Increase?

September 17, 2017 - By Louis Casey

Investors sentiment decreased to 1.32 in 2016 Q4. Its down 0.42, from 1.74 in 2016Q3. It fall, as 11 investors sold SpartanNash Co shares while 64 reduced holdings. 27 funds opened positions while 72 raised stakes. 31.06 million shares or 1.06% more from 30.73 million shares in 2016Q3 were reported.
Florida-based State Board Of Administration Of Florida Retirement Systems has invested 0% in SpartanNash Co (NASDAQ:SPTN). Mutual Of America Capital Mgmt Ltd Liability Company reported 1,900 shares. Invesco Ltd reported 291,522 shares. Blackrock Ltd Liability Co has invested 0% of its portfolio in SpartanNash Co (NASDAQ:SPTN). Alpha Windward Limited Liability accumulated 12,360 shares or 0.32% of the stock. Hsbc Holdings Plc invested 0% in SpartanNash Co (NASDAQ:SPTN). Moreover, Mckinley Mgmt Ltd Liability Delaware has 0.01% invested in SpartanNash Co (NASDAQ:SPTN). Axa owns 94,400 shares. Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in SpartanNash Co (NASDAQ:SPTN). Schwab Charles Investment has invested 0.01% of its portfolio in SpartanNash Co (NASDAQ:SPTN). Geode Cap Ltd Llc has 0.01% invested in SpartanNash Co (NASDAQ:SPTN). Voya Invest Mngmt Limited Liability Co holds 0% or 48,512 shares. Parametric Portfolio Associates Limited Company reported 0.01% stake. Us Bancorp De holds 0% of its portfolio in SpartanNash Co (NASDAQ:SPTN) for 4,575 shares. 25,043 were reported by Sterling Cap Mngmt.

Since March 20, 2017, it had 0 insider purchases, and 12 selling transactions for $1.35 million activity. On Monday, March 27 the insider Brunot Edward L sold $91,509. GAMBINO FRANK also sold $123,628 worth of SpartanNash Co (NASDAQ:SPTN) on Friday, March 24. ATKINS M SHAN sold $60,010 worth of stock or 2,000 shares. $43,569 worth of SpartanNash Co (NASDAQ:SPTN) was sold by ADORNATO THEODORE on Monday, May 15. $61,311 worth of SpartanNash Co (NASDAQ:SPTN) was sold by Mahoney Kathleen M. $39,435 worth of SpartanNash Co (NASDAQ:SPTN) was sold by ODONOVAN TIMOTHY J on Tuesday, March 21. Another trade for 1,819 shares valued at $67,048 was sold by STAPLES DAVID M.

The stock of SpartanNash Co (NASDAQ:SPTN) is a huge mover today! The stock increased 4.01% or $0.98 on September 15, reaching $25.39. About 545,323 shares traded or 148.90% up from the average. SpartanNash Co (NASDAQ:SPTN) has risen 31.81% since September 17, 2016 and is uptrending. It has outperformed by 15.11% the S&P500.
The move comes after 8 months positive chart setup for the $946.30 million company. It was reported on Sep, 17 by Barchart.com. We have $26.66 PT which if reached, will make NASDAQ:SPTN worth $47.32 million more.

Wall Street await SpartanNash Co (NASDAQ:SPTN) to release earnings on November, 8. Analysts forecast earnings per share of $0.54, up exactly $0.01 or 1.89 % from 2014’s $0.53 EPS. The expected SPTN’s profit could reach $20.13 million giving the stock 11.75 P/E in the case that $0.54 earnings per share is reported. After posting $0.60 EPS for the previous quarter, SpartanNash Co’s analysts now forecast -10.00 % negative EPS growth.

SpartanNash Co (NASDAQ:SPTN) Ratings Coverage

Among 6 analysts covering SpartanNash (NASDAQ:SPTN), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. SpartanNash had 19 analyst reports since August 22, 2015 according to SRatingsIntel. On Friday, September 23 the stock rating was initiated by Barclays Capital with “Equal Weight”. The company was initiated on Wednesday, January 27 by Pivotal Research. The stock has “Hold” rating by Jefferies on Thursday, August 17. The rating was upgraded by Northcoast on Tuesday, August 23 to “Buy”. As per Friday, September 25, the company rating was maintained by Jefferies. The stock has “Sell” rating by Pivotal Research on Tuesday, August 15. The company was maintained on Monday, September 11 by Jefferies. Pivotal Research maintained SpartanNash Co (NASDAQ:SPTN) rating on Tuesday, January 17. Pivotal Research has “Hold” rating and $40 target. Deutsche Bank maintained it with “Hold” rating and $26 target in Friday, August 18 report. Jefferies maintained SpartanNash Co (NASDAQ:SPTN) rating on Wednesday, July 27. Jefferies has “Hold” rating and $33 target.

More recent SpartanNash Co (NASDAQ:SPTN) news were published by: Gurufocus.com which released: “Martin & Co Inc Buys SpartanNash Co, Real Estate Select Sector SPDR Fund (The …” on August 15, 2017. Also Seekingalpha.com published the news titled: “SpartanNash’s (SPTN) Dave Staples on Q1 2017 Results – Earnings Call Transcript” on May 25, 2017. Nasdaq.com‘s news article titled: “SpartanNash Co. (SPTN) Has Dropped To A New Low After Q2 Report” with publication date: August 17, 2017 was also an interesting one.

SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The company has market cap of $946.30 million. The Company’s core businesses include distributing grocery products to independent grocery retailers , select national retailers, its corporate owned retail stores, and the United States military commissaries. It has a 14.55 P/E ratio. The Firm operates through three divisions: Food Distribution, Military and Retail.

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