Stock Rating Downgrade
The Value Trend Rating for SpartanNash Co (NASDAQ: SPTN) weakened in the last week from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
SpartanNash Co (NASDAQ: SPTN) stock closed at $19.32 on 5/1/24 after an increase of 1.2%. However, below average trading volume at 76% of normal accompanied the advance. The stock has declined -1.0% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
SPTN is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
SpartanNash has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. SpartanNash has a slightly positive Appreciation Score of 68 but a very low Power Rating of 13, producing the Negative Value Trend Rating.
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