The stock of SpartanNash Co (NASDAQ:SPTN) is a huge mover today! About 140,600 shares traded hands. SpartanNash Co (NASDAQ:SPTN) has declined 4.65% since April 4, 2016 and is downtrending. It has underperformed by 5.74% the S&P500.
The move comes after 5 months positive chart setup for the $1.05B company. It was reported on Nov, 4 by Barchart.com. We have $40.76 PT which if reached, will make NASDAQ:SPTN worth $472.50M more.
SpartanNash Co (NASDAQ:SPTN) Ratings Coverage
Out of 4 analysts covering SpartanNash (NASDAQ:SPTN), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. SpartanNash has been the topic of 8 analyst reports since August 22, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, August 23 by Northcoast. Pivotal Research initiated SpartanNash Co (NASDAQ:SPTN) rating on Wednesday, January 27. Pivotal Research has “Buy” rating and $27.0 price target. The rating was maintained by Jefferies with “Hold” on Friday, September 25. The rating was maintained by Jefferies with “Hold” on Wednesday, July 27. The stock has “Equal Weight” rating given by Barclays Capital on Friday, September 23. The company was downgraded on Saturday, August 22 by Zacks. Pivotal Research downgraded the shares of SPTN in a report on Friday, April 1 to “Hold” rating.
According to Zacks Investment Research, “SpartanNash Co. is a food distributor serving military commissaries and exchanges in the United States. The company’s core businesses include distributing food to military commissaries and exchanges and independent and corporate-owned retail stores located in 44 states and the District of Columbia, Europe, Cuba, Puerto Rico, the Azores, Bahrain and Egypt. It operates supermarkets, primarily under the banners of Family Fare Supermarkets, No Frills, Bag ‘n Save and Econofoods. SpartanNash Co., formerly known as Spartan Stores, Inc., is headquartered in United States.”
Insitutional Activity: The institutional sentiment decreased to 1.01 in 2016 Q2. Its down 0.45, from 1.46 in 2016Q1. The ratio worsened, as 17 funds sold all SpartanNash Co shares owned while 60 reduced positions. 10 funds bought stakes while 68 increased positions. They now own 30.47 million shares or 1.39% less from 30.90 million shares in 2016Q1.
Deutsche Bancorp Ag accumulated 0% or 83,004 shares. Panagora Asset Mngmt has invested 0.06% of its portfolio in SpartanNash Co (NASDAQ:SPTN). Texas Permanent School Fund accumulated 0.01% or 28,652 shares. New York State Teachers Retirement Systems last reported 0.01% of its portfolio in the stock. Chicago Equity Prns Lc holds 0.04% or 41,560 shares in its portfolio. Royal Financial Bank Of Canada last reported 76,021 shares in the company. Private Mgmt Ltd Llc has 881,194 shares for 3.94% of their US portfolio. The Tennessee-based State Of Tennessee Treasury Department has invested 0% in SpartanNash Co (NASDAQ:SPTN). Teacher Retirement Sys Of Texas holds 0% of its portfolio in SpartanNash Co (NASDAQ:SPTN) for 5,155 shares. Allianz Asset Mgmt Ag has 605,178 shares for 0.01% of their US portfolio. Systematic Financial Management Lp accumulated 0.02% or 59,665 shares. Blackrock Limited Liability Corp has 18,337 shares for 0% of their US portfolio. M&T Fincl Bank reported 61,296 shares or 0.01% of all its holdings. Martingale Asset Mngmt Lp has 85,410 shares for 0.04% of their US portfolio. Comerica Retail Bank holds 0.01% or 37,486 shares in its portfolio.
Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 7 sales for $1.47 million net activity. ADORNATO THEODORE had sold 2,306 shares worth $67,727 on Friday, June 10. $310,000 worth of SpartanNash Co (NASDAQ:SPTN) shares were sold by COUCH DAVID DES. 3,549 shares were sold by STAPLES DAVID M, worth $104,554 on Thursday, June 9. Pierce Lawrence R also sold $35,019 worth of SpartanNash Co (NASDAQ:SPTN) on Monday, June 13. Another trade for 12,210 shares valued at $364,224 was sold by EIDSON DENNIS. Jones Derek R sold $131,836 worth of stock or 4,435 shares.
More important recent SpartanNash Co (NASDAQ:SPTN) news were published by: Quotes.Wsj.com which released: “SpartanNash Co. SPTN (US: Nasdaq)” on February 11, 2011, also Mlive.com published article titled: “Michigan grocer ‘excited’ about deal with Amazon”, Mlive.com published: “SpartanNash promotes 2 executives to key positions” on March 05, 2015. More interesting news about SpartanNash Co (NASDAQ:SPTN) was released by: Mlive.com and their article: “SpartanNash to close 10 stores in 2015” with publication date: March 05, 2015.
SPTN Company Profile
Spartannash Company, formerly Spartan Stores, Inc., incorporated on April 16, 1918, is a multi-regional grocery distributor and grocery retailer, and a distributor of grocery products to military commissaries in the United States. The Company’s core businesses include distributing food to military commissaries and exchanges, and independent and corporate-owned retail stores located in over 40 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain, Egypt, Honduras, Afghanistan and Bosnia. The Firm operates through three divisions: Military, which sells and distributes grocery products to military commissaries and exchanges in the United States and overseas; Food Distribution, which uses a multi-platform sales approach to distribute groceries to independent retail locations and corporate-owned retail stores, and Retail, which operates retail supermarkets.
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