Jefferies Maintains SpartanNash Co to Hold with Price Target $27.00

Brokerage firm Jefferies Maintains its rating on SpartanNash Co(NASDAQ:SPTN). In a research note issued to the investors, the brokerage major Lowers the price-target to $27.00 per share. The shares have been rated Hold. The rating by Jefferies was issued on Sep 30, 2016.

In a different note, Barclays said it Initiates Coverage on SpartanNash Co, according to a research note issued on Sep 23, 2016. The shares have been rated ‘Equal-weight’ by the firm. 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) made into the market gainers list on Tuesdays trading session with the shares advancing 0.84% or 0.24 points. Due to strong positive momentum, the stock ended at $28.86, which is also near the day’s high of $29.09. The stock began the session at $28.55 and the volume stood at 1,11,844 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 $1,081 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.

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