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SpartanNash Company (NDAQ:SPTN) stock price target reduced to $35.00, issued a report today by Pivotal Research

Yesterday SpartanNash Company (NDAQ:SPTN) traded -0.28% lower at $31.18. The company’s 50-day moving average is $25.34 and its 200-day moving average is $28.75. The last closing price is up -12.13% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time period. 122,619 shares of the stock traded hands, down from an average trading volume of 181,600

In a report released on Thursday May 25, 2017 Pivotal Research reduced the stock price target of SpartanNash Company (NDAQ:SPTN) from $40.00 to $35.00 indicating a possible upside of 0.12%.

Previously on 05/24/2017, Pivotal Research reported on SpartanNash Company (NDAQ:SPTN) reduced the target price from $40.00 to $35.00. At the time, this indicated a possible downside of 0.00%.

See Chart Below

SpartanNash Company (NDAQ:SPTN)

SpartanNash Company has a 52 week low of $22.90 and a 52 week high of $40.38 with a P/E ratio of 14.49 The company’s market cap is currently $0.

In addition to Pivotal Research reporting its stock price target, a total of 3 brokers have issued a report on the company. The average stock price target is $27.67 with 1 broker rating the stock a strong buy, 0 brokers rating the stock a buy, 4 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About SpartanNash Company (NDAQ:SPTN)

SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company's core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries. The Company operates through three segments: Food Distribution, Military and Retail. The Food Distribution segment provides a range of nationally branded and private brand grocery products and perishable food products to independent retailers, food service distributors and its corporate owned retail stores. The Military segment contracts with manufacturers to distribute a range of grocery products primarily to military commissaries and exchanges located in the United States, the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. As of December 31, 2016, the Retail segment operated 157 corporate owned retail stores in the Midwest and Great Lakes regions.

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