Barclays Initiates Coverage on SpartanNash Co to Equal-weight

Barclays Initiates Coverage on SpartanNash Co(NASDAQ:SPTN). The shares have been rated Equal-weight. The rating by Barclays was issued on Sep 23, 2016.

In a different note, On Aug 23, 2016, Northcoast Research said it Upgrades its rating on SpartanNash Co. The shares have been rated ‘Buy’ by the firm. On Aug 18, 2016, Deutsche Bank said it Maintains its rating on SpartanNash Co. In the research note, the firm Raises the price-target to $27.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 27, 2016, Jefferies said it Maintains its rating on SpartanNash Co. In the research note, the firm Raises the price-target to $28.00 per share. The shares have been rated ‘Hold’ by the firm.

SpartanNash Co (SPTN) shares turned negative on Tuesdays trading session with the shares closing down -0.22 points or -0.77% at a volume of 2,25,933. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.796. The peak price level was also seen at $28.796 while the days lowest was $27.96. Finally the shares closed at $28.27. The 52-week high of the shares is $33.89 while the 52-week low is $17.66. According to the latest information available, the market cap of the company is $1,059 M.

SpartanNash Co(SPTN) last announced its earnings results on Aug 17, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.83B. Analysts had an estimated revenue of $1.80B. Earnings per share were $0.58. Analysts had estimated an EPS of $0.57.

Several Insider Transactions has been reported to the SEC. On Aug 2, 2016, David Des Couch (VP Chief Info. Officer) sold 14,092 shares at $32.50 per share price.Also, On Jun 14, 2016, Lawrence R Pierce (EVP Merch. and Marketing) sold 1,213 shares at $28.87 per share price.On Jun 13, 2016, Theodore Adornato (Exec. V. P. Retail Operations) sold 2,306 shares at $29.37 per share price, according to the Form-4 filing with the securities and exchange commission.

Spartannash Company formerly Spartan Stores Inc. is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing food to military commissaries and exchanges and independent and corporate-owned retail stores located in 42 states and the District of Columbia Europe Cuba Puerto Rico Bahrain Egypt Honduras Afghanistan and Bosnia. The Company operates through three segments: 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 and corporate owned grocery retailers and Retail which operates retail supermarkets.

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