Exclusive: Will SpartanNash Co Run Out of Steam Soon?

Exclusive: Will SpartanNash Co Run Out of Steam Soon?

The stock of SpartanNash Co (NASDAQ:SPTN) reached all time high today, Nov, 29 and still has $39.89 target or 6.00% above today’s $37.63 share price. This indicates more upside for the $1.40B company. This technical setup was reported by Barchart.com. If the $39.89 PT is reached, the company will be worth $84.00M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 88,003 shares traded hands. SpartanNash Co (NASDAQ:SPTN) has risen 32.82% since April 26, 2016 and is uptrending. It has outperformed by 27.56% the S&P500.

Analysts await SpartanNash Co (NASDAQ:SPTN) to report earnings on February, 22. They expect $0.49 earnings per share, down 5.77% or $0.03 from last year’s $0.52 per share. SPTN’s profit will be $18.23M for 19.20 P/E if the $0.49 EPS becomes a reality. After $0.53 actual earnings per share reported by SpartanNash Co for the previous quarter, Wall Street now forecasts -7.55% negative EPS growth.

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. Pivotal Research initiated SpartanNash Co (NASDAQ:SPTN) on Wednesday, January 27 with “Buy” rating. The firm has “Hold” rating by Zacks given on Saturday, August 22. Pivotal Research downgraded the stock to “Hold” rating in Friday, April 1 report. The stock has “Hold” rating given by Jefferies on Friday, September 25. Jefferies maintained SpartanNash Co (NASDAQ:SPTN) on Wednesday, July 27 with “Hold” rating. On Tuesday, August 23 the stock rating was upgraded by Northcoast to “Buy”. On Friday, September 23 the stock rating was initiated by Barclays Capital with “Equal Weight”.

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 increased to 1.74 in Q2 2016. Its up 0.73, from 1.01 in 2016Q1. The ratio is positive, 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.
Renaissance Tech Lc, a New York-based fund reported 206,000 shares. Principal Financial Gp has 0.01% invested in the company for 272,706 shares. Tfs Cap reported 12,670 shares or 0.07% of all its holdings. Massachusetts Fincl Svcs Ma, a Massachusetts-based fund reported 21,007 shares. Thrivent Financial For Lutherans, a Minnesota-based fund reported 255,350 shares. Advisory Svcs Ntwk Limited Company accumulated 308 shares or 0% of the stock. Blackrock Gp Limited reported 52,193 shares or 0% of all its holdings. California Pub Employees Retirement System has invested 0% of its portfolio in SpartanNash Co (NASDAQ:SPTN). Bogle Mngmt L P De last reported 62,041 shares in the company. Bancorp Of Montreal Can owns 71,741 shares or 0% of their US portfolio. Vanguard Gru has 0% invested in the company for 2.18M shares. Dekabank Deutsche Girozentrale holds 2,663 shares or 0% of its portfolio. Wells Fargo And Communication Mn holds 0% of its portfolio in SpartanNash Co (NASDAQ:SPTN) for 52,240 shares. Moreover, Royal State Bank Of Canada has 0% invested in SpartanNash Co (NASDAQ:SPTN) for 76,021 shares. Aqr Limited Com reported 308,239 shares or 0.02% of all its holdings.

Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 8 sales for $1.53 million net activity. Hurley Tammy R. also sold $58,186 worth of SpartanNash Co (NASDAQ:SPTN) shares. ADORNATO THEODORE also sold $67,727 worth of SpartanNash Co (NASDAQ:SPTN) shares. 10,000 shares with value of $310,000 were sold by COUCH DAVID DES on Friday, July 8. $104,554 worth of SpartanNash Co (NASDAQ:SPTN) was sold by STAPLES DAVID M. On Monday, June 13 the insider Pierce Lawrence R sold $35,019. 12,210 shares were sold by EIDSON DENNIS, worth $364,224. 4,435 shares were sold by Jones Derek R, worth $131,836.

More 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 the news titled: “Michigan grocer ‘excited’ about deal with Amazon” on May 31, 2016. Mlive.com‘s news article titled: “SpartanNash promotes 2 executives to key positions” with publication date: March 05, 2015 was also an interesting one.

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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