SpartanNash Co (NASDAQ: SPTN) has reported earnings for its first fiscal quarter (ending March 31) of $0.38 versus $0.33 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $1.58 compared to $0.76 a year ago.
Recent Price Action
SpartanNash Co (NASDAQ: SPTN) stock closed at $19.82 on 5/30/24 after a slight decline of -0.8%. Moreover, unusually high trading volume at 195% of normal accompanied the decline. The stock has declined -4.0% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. SpartanNash has a slightly positive Appreciation Score of 66 but a very low Power Rating of 12, producing the Negative Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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