SpartanNash Co (SPTN) is Upgraded by Northcoast to Buy

SpartanNash Co (SPTN) was Upgraded by Northcoast to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Northcoast advised their investors in a research report released on Aug 23, 2016.

On the company’s financial health, SpartanNash Co reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 17, 2016. Analyst had a consensus of $0.57. The company had revenue of $1827.56 million for the quarter, compared to analysts expectations of $1798.75 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

SpartanNash Co closed down -0.17 points or -0.53% at $31.64 with 1,49,382 shares getting traded on Friday. Post opening the session at $31.73, the shares hit an intraday low of $31.1 and an intraday high of $31.8 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 2, 2016, David Des Couch (VP Chief Info. Officer) sold 14,092 shares at $32.50 per share price. According to the SEC, 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.

SpartanNash Co

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