SpartanNash (NASDAQ:SPTN) Shares Gap Down – Should You Sell?

SpartanNash (NASDAQ:SPTN)’s share price gapped down before the market opened 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Northcoast Research cut SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price target for the company. in a report on Wednesday. StockNews.com downgraded shares of SpartanNash from a “buy” rating to a “hold” rating in a research note on Thursday, January 30th.

SpartanNash Stock Performance

The firm has a market cap of $648.53 million, a price-to-earnings ratio of -1,916.50 and a beta of 0.34. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. The company has a 50 day moving average of $18.64 and a 200 day moving average of $19.98.

SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings data 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 period in the previous year, the company earned $0.35 EPS. As a group, equities research analysts expect that SpartanNash will post 1.79 EPS for the current fiscal year.

Institutional Trading of SpartanNash

Several institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased 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 purchasing an additional 1,685 shares during the last quarter. Signaturefd LLC lifted its position in shares of SpartanNash by 64.9% during the third quarter. Signaturefd LLC now owns 1,801 shares of the company’s stock worth $40,000 after purchasing an additional 709 shares during the last quarter. State of Wyoming acquired a new position in SpartanNash in the fourth quarter worth about $43,000. Tower Research Capital LLC TRC increased 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 valued at $109,000 after buying an additional 3,735 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in SpartanNash during the fourth quarter valued at approximately $113,000. 84.59% of the stock is owned by institutional investors and hedge funds.

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.