SpartanNash (NASDAQ:SPTN) Shares Gap Down – What’s Next?

SpartanNash (NASDAQ:SPTN) gapped down prior to trading on Wednesday . The stock had previously closed at $19.76, but opened at $18.86. SpartanNash shares last traded at $19.24, with a volume of 55,091 shares.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. StockNews.com cut shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Thursday, January 30th. 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.

SpartanNash Trading Up 1.0 %

The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.78 and a current ratio of 1.57. The company’s fifty day simple moving average is $18.63 and its 200-day simple moving average is $19.97. The company has a market capitalization of $664.06 million, a P/E ratio of -1,967.00 and a beta of 0.34.

SpartanNash (NASDAQ:SPTN) last issued its earnings results on Wednesday, February 12th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.09. During the same quarter in the prior year, the firm earned $0.35 EPS. Research analysts predict that SpartanNash will post 1.79 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in SpartanNash by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 3,250,372 shares of the company’s stock worth $59,547,000 after acquiring an additional 57,458 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of SpartanNash by 25.1% in the 4th quarter. Invesco Ltd. now owns 1,243,507 shares of the company’s stock valued at $22,781,000 after buying an additional 249,616 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of SpartanNash by 14.2% in the 4th quarter. American Century Companies Inc. now owns 1,042,192 shares of the company’s stock valued at $19,093,000 after buying an additional 129,907 shares in the last quarter. LSV Asset Management boosted its holdings in shares of SpartanNash by 2.1% in the 4th quarter. LSV Asset Management now owns 977,398 shares of the company’s stock valued at $17,906,000 after buying an additional 20,546 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of SpartanNash by 1.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 496,343 shares of the company’s stock valued at $9,093,000 after buying an additional 8,652 shares in the last quarter. 84.59% of the stock is currently 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.