Deutsche Bank Maintains SpartanNash Co to Hold with Price Target $28.00

Brokerage firm Deutsche Bank Maintains its rating on SpartanNash Co(NASDAQ:SPTN). In a research note issued to the investors, the brokerage major Raises the price-target to $28.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Aug 18, 2016.

In a different note, 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) made into the market gainers list on Mondays trading session with the shares advancing 0.15% or 0.05 points. Due to strong positive momentum, the stock ended at $32.42, which is also near the day’s high of $32.77. The stock began the session at $32.54 and the volume stood at 1,94,252 shares. The 52-week high of the shares is $33.89 and the 52 week low is $17.66. The company has a current market capitalization of $1,215 M and it has 3,74,68,112 shares in outstanding.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *