SpartanNash Co (NASDAQ: SPTN) has reported E.P.S. of $0.33 for its third fiscal quarter (ending September 30) versus $0.33 for the same period a year ago — flat performance. For the latest four quarters through September 30, E.P.S. were $1.35 versus $1.24 for the same period a year ago — an increase of 9%.
Recent Price Action
SpartanNash Co (NASDAQ: SPTN) stock suffered a major decline of -12.4% on 11/7/24. The shares closed at $19.78. Moreover, trading volume in this decline was exceptionally high at 318% of normal. The stock has declined -6.5% during the last week and has performed in line with 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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. SpartanNash has a neutral Power Rating of 52 and a slightly positive Appreciation Score of 67, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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