Extremely significant negative changes in SpartanNash Co (NASDAQ: SPTN) investment behavior have recently occurred: negative upside/downside volume developed, and the stock fell on very heavy volume.
Recent notable negative changes in fundamentals have affected SpartanNash Co (NASDAQ: SPTN): the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SPTN is expected to continue to be a Value Builder.
SpartanNash has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. SpartanNash has a slightly positive Appreciation Score of 62 and a neutral Power Rating of 40, leading to the Neutral Value Trend Rating.
Recent Price Action
SpartanNash Co (NASDAQ: SPTN) stock closed at $19.97 on 3/6/24 after a decline of -2.2%. Moreover, this decline was accompanied by exceptionally high trading volume at 213% of normal. The stock has performed in line with the market over the last nine months and has declined -4.1% during the last week.
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