Jefferies Keeps Their Hold Rating on SpartanNash Co

By Jason Carr

In a report released today, Christopher Mandeville from Jefferies reiterated a Hold rating on SpartanNash Co (NASDAQ: SPTN), with a price target of $30. The company’s shares opened today at $27.18, close to its 52-week low of $26.12.

According to TipRanks.com, Mandeville is a 2-star analyst with an average return of 0.5% and a 44.8% success rate. Mandeville covers the Services sector, focusing on stocks such as Core-Mark Holding Company, Papa John’s International, and Walgreens Boots Alliance.

SpartanNash Co has an analyst consensus of Hold, with a price target consensus of $32.50.

SpartanNash Co’s market cap is currently $1.03B and has a P/E ratio of 16.55. The company has a book value ratio of 1.2283.

Based on the recent corporate insider activity of 95 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2017, Frank Gambino, a Director at SPTN sold 3,686 shares for a total of $123,628.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

SpartanNash Co. engages in the distribution of grocery products to military commissaries in the U.S. It operates its business through the following segments: Military, Food Distribution, and Retail. The Military segment sells and distributes grocery products primarily to U.S. military commissaries and exchanges. The Food Distribution segment distributes groceries to independent and corporate owned grocery retailers using multi-platform sales approach. The Retail segment operates retail supermarkets in the Midwest, which operate under banners of Family Fare Supermarkets, No Frills, Bag ‘N Save, Family Fresh Markets, D&W Fresh Markets, Sun Mart and Econo Foods. The company was founded on November 19, 2013 and is headquartered in Grand Rapids, MI.,0018QC-E