A statement released earlier today by Zacks Investment Research about SpartanNash Co (NASDAQ:SPTN) bumps the target price to $35.00
- Updated: September 17, 2016
Having a price of $31.53, SpartanNash Co (NASDAQ:SPTN) traded 0.61% lower on the day. With the last close up 0.37% relative to the two hundred day average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. SpartanNash Co has recorded a 50-day moving average of $31.42 and 200-day moving average of $29.52. Trade volume was was up over the average, with 214,798 shares of SPTN changing hands over the typical 167,711 shares.
SpartanNash Co (NASDAQ:SPTN) had its price target increased to $35 by Zacks Investment Research in an issued report released 8/20/2016. The updated target price indicates a potential upside of 0.11% from the bussiness’ previous closing price.
Previously on 4/01/2016, Pivotal Research reported about SpartanNash Co(NASDAQ:SPTN) upped the target price from $0.00 to $30.00. At the time, this suggested an upside of 0.06%.
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A total of 3 brokerages have released a research note on SPTN. One analyst rate the stock a strong buy, 0 rate the company a buy, four firms rate the stock a hold, 0 rate the stock to underperform, and finally 0 firmsrate the company as sell with an average target of $27.67
With a market capitalization of $0.0, SpartanNash Co has a one-year low of $17.66 and a 52 week high of $33.89 with a P/E ratio of 19.
Brief Synopsis About SpartanNash Co (NASDAQ:SPTN)
Spartannash Company, formerly Spartan Stores, Inc., 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. It 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 retail locations and corporate-owned retail stores, and Retail, and which operates retail supermarkets. The products it distributes are delivered to over 170 military commissaries and over 440 exchanges located in over 40 states across the United States.
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