SpartanNash Co (SPTN) Receives a Buy from BMO Capital


In a report released today, Kelly Bania from BMO Capital maintained a Buy rating on SpartanNash Co (NASDAQ: SPTN), with a price target of $23. The company’s shares closed yesterday at $19.52.

According to TipRanks.com, Bania is a 1-star analyst with an average return of -2.3% and a 47.4% success rate. Bania covers the Services sector, focusing on stocks such as Core-Mark Holding Company, Performance Food Group, and The Chefs’ Warehouse.

The word on The Street in general, suggests a Hold analyst consensus rating for SpartanNash Co with a $19.75 average price target.

See today’s analyst top recommended stocks >>

Based on SpartanNash Co’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $17.77 million. In comparison, last year the company had a net profit of $20.67 million.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts