SpartanNash Company (NASDAQ:SPTN) went up by 0.72% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Food Distribution giant went up by $21.03 to trade ended Tuesday trading at $20.88. This is up from the $20.88 price recorded on Monday’s trading session. Thanks to this latest performance, SPTN is closer to the higher price 52-week target of $27.00 and further from the lowest price target of $20.00. Its performance from the start of the year has also been positive, with SPTN up by 47.68% year-to-date.
SpartanNash Company (SPTN) started the day trading at $20.78 and recorded an intraday high of $21.45. It also recorded an intraday low of $20.33 during Tuesday’s trading session. SpartanNash Company is a very active stock that recorded a trading volume that is less than -74.68% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 330178, which is less than -74.68 of the total average daily trading volume of 576.76K.
SpartanNash Company (NASDAQ:SPTN) 2020 Performance Impressive
The increase in SPTN’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of SPTN currently stands at $22.80, which is higher than the current trading price of the stock by 7.76%. However, SPTN’s current trading price is -138.44% lower than the 52-week low price of $8.82. In terms of trading volume, SpartanNash Company currently experienced healthy participation during the last trading session. 330178 shares of SpartanNash Company were traded on the stock exchange on Tuesday, which is less than -74.68% of the 576.76K average trading volume of the stock.
The performance of the stock has been positive over the past year. SPTN’s performance over the past one year has seen it surge by 84.96%, while the stock has gone up by 47.89% in the last six months. The quarterly performance of SPTN currently stands at 49.15%, and it is down by -1.31% in the last month. The only negative figure was from the weekly performance, which currently reads -0.33%. At the time of writing SPTN’s report, the company has a total market cap of $743.41M, making it one of the largest publicly-traded companies in the world.SpartanNash Company also has over 10400 employees all over the world.
SPTN Insider Activities
For SpartanNash Company, insiders hold 82.10% of all company shares. The insider transactions over the past six months are up by 17.40%. During that period, insiders bought 137,740 shares in 21 transactions. In that same period, insiders sold 27,556 of their shares in 13 transactions. After these transactions, insiders at SpartanNash Company now hold 928.42k shares, which is over 82.80% of the total company stocks. Institutional investors currently hold a large chunk of the SPTN shares, as they control 2.60% of the company’s total stock.
SPTN Fundamental Analysis
For SpartanNash Company, the stock’s diluted earnings per share (EPS) stands at 0.37. In the coming year, analysts expect the EPS to be 1.69. The stock’s EPS growth this year is -82.40%, with analysts expecting almost a 1 growth in the earnings per share next week. In terms of revenue, SpartanNash Company’s quarterly sales (YOY) is growing at 0.64, which is higher than the average annual revenue of -36.40% over the past half a decade.
The Return on Investment (ROI) on SpartanNash Company’s stock currently stands at 4.30%, and it has a net profit margin of 0.20%. The operating margin of the company is 0.60%, and its gross margin is 14.60%.
SPTN Analysts Prediction
The BMO Capital Markets has a Market Perform rating for SpartanNash Company, predicting the stock price to stay between $10 and $14. Another analyst that has a Hold rating for SPTN is Pivotal Research Group, which set a price target of between $10 and $9. BMO Capital Markets reiterate their Underperform position on the stock ($13 and $8)
Analysts at Pivotal Research Group believe that SPTN is Sell, and they have a price target of between $12 and $10. Loop Capital and Pivotal Research Group also believe that SpartanNash Company’s stock is outperforming at the moment. SPTN received a positive rating from Pivotal Research Group, which set a price target of $14-$12 for the stock.
At the moment, SpartanNash Company’s Total Debt to Equity ratio stands at 0.87, and they have a long-term Debt to Equity ratio of 0.86.
SPTN Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of SPTN currently stands at 5.76%, while the SMA50 is 10.21%. The biggest one is the SMA200, which is currently reading 43.45% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 59.43, while its price to earnings ratio (P/E) is 56.68.