SpartanNash Co (SPTN) Gets a Sell Rating from Pivotal Research


In a report released today, Ajay Jain from Pivotal Research reiterated a Sell rating on SpartanNash Co (SPTN), with a price target of $14. The company’s shares opened today at $18.64.

Jain said:

“We reiterate our SELL rating. While SPTN trades in line with KR at a forward EV/EBITDA multiple of around 7.0x, we see continued risks to the near-term earnings outlook.”

According to TipRanks.com, Jain is a 4-star analyst with an average return of 11.0% and a 59.3% success rate. Jain covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, Performance Food Group, and US Food Holdings Corp.

Currently, the analyst consensus on SpartanNash Co is a Hold with an average price target of $18.50.

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The company has a one-year high of $27.72 and a one-year low of $16.32. Currently, SpartanNash Co has an average volume of 150.3K.

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SpartanNash Co. engages in the distribution of grocery products to military commissaries in the U.S. It operates through the following segments: Military, Food Distribution, and Retail. The Military segment sells and distributes grocery products primarily to U.S. military commissaries and exchanges.

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