Today’s Stock On Watch: What’s Propelling Spartannash Company (NASDAQ:SPTN) After Higher Shorts Reported?

November 16, 2016 - By Pete Kolinski   ·   0 Comments

Today's Stock On Watch: What’s Propelling Spartannash Company (NASDAQ:SPTN) After Higher Shorts Reported?

The stock of Spartannash Company (NASDAQ:SPTN) registered an increase of 8.74% in short interest. SPTN’s total short interest was 496,600 shares in November as published by FINRA. Its up 8.74% from 456,700 shares, reported previously. With 152,700 shares average volume, it will take short sellers 3 days to cover their SPTN’s short positions. The short interest to Spartannash Company’s float is 1.36%. About 63,174 shares traded hands. SpartanNash Co (NASDAQ:SPTN) has risen 31.00% since April 14, 2016 and is uptrending. It has outperformed by 26.31% the S&P500.

Spartannash Company, formerly Spartan Stores, Inc., is a multi-regional grocery distributor and grocery retailer, and a distributor of grocery products to military commissaries in the United States. The company has a market cap of $1.37 billion. The Company’s core businesses include distributing food to military commissaries and exchanges, and independent and corporate-owned retail stores located in over 40 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain, Egypt, Honduras, Afghanistan and Bosnia. It has a 22.41 P/E ratio. It operates through three divisions: Military, which sells and distributes grocery products to military commissaries and exchanges in the United States and overseas; Food Distribution, which uses a multi-platform sales approach to distribute groceries to independent retail locations and corporate-owned retail stores, and Retail, which operates retail supermarkets.

Insitutional Activity: The institutional sentiment decreased to 1.01 in Q2 2016. Its down 0.45, from 1.46 in 2016Q1. The ratio fall, as 17 funds sold all SpartanNash Co shares owned while 60 reduced positions. 10 funds bought stakes while 68 increased positions. They now own 30.47 million shares or 1.39% less from 30.90 million shares in 2016Q1.
Picton Mahoney Asset Mngmt holds 0% of its portfolio in SpartanNash Co (NASDAQ:SPTN) for 1,500 shares. Sector Pension Investment Board holds 0.01% of its portfolio in SpartanNash Co (NASDAQ:SPTN) for 25,844 shares. Chicago Equity Prtnrs Lc holds 0.04% of its portfolio in SpartanNash Co (NASDAQ:SPTN) for 41,560 shares. The Minnesota-based Thrivent Fincl For Lutherans has invested 0.04% in SpartanNash Co (NASDAQ:SPTN). Rhumbline Advisers holds 0.01% of its portfolio in SpartanNash Co (NASDAQ:SPTN) for 58,001 shares. Ls Advsr Ltd owns 1,290 shares or 0% of their US portfolio. Zacks last reported 96,650 shares in the company. Metropolitan Life Co accumulated 0.01% or 25,246 shares. Fincl Bank Of Montreal Can last reported 71,741 shares in the company. Walleye Trading Lc holds 0% of its portfolio in SpartanNash Co (NASDAQ:SPTN) for 3,700 shares. Victory Mngmt Incorporated holds 2,232 shares or 0% of its portfolio. Millennium Mngmt Lc last reported 54,567 shares in the company. The California-based Gemmer Asset Mgmt Limited Liability Company has invested 0% in SpartanNash Co (NASDAQ:SPTN). Vanguard Gp has 2.18M shares for 0% of their US portfolio. Pinebridge Invests Lp accumulated 4,753 shares or 0.01% of the stock.

Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 8 sales for $1.53 million net activity. 1,672 SpartanNash Co (NASDAQ:SPTN) shares with value of $58,186 were sold by Hurley Tammy R.. The insider COUCH DAVID DES sold $455,036. Another trade for 12,210 shares valued at $364,224 was made by EIDSON DENNIS on Tuesday, June 7. ADORNATO THEODORE had sold 2,306 shares worth $67,727. Another trade for 4,435 shares valued at $131,836 was sold by Jones Derek R. The insider Pierce Lawrence R sold 1,213 shares worth $35,019. STAPLES DAVID M sold $104,554 worth of stock or 3,549 shares.

SpartanNash Co (NASDAQ:SPTN) Ratings Coverage

Out of 4 analysts covering SpartanNash (NASDAQ:SPTN), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. SpartanNash has been the topic of 8 analyst reports since August 22, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, April 1 by Pivotal Research. Zacks downgraded SpartanNash Co (NASDAQ:SPTN) on Saturday, August 22 to “Hold” rating. Jefferies maintained SpartanNash Co (NASDAQ:SPTN) rating on Wednesday, July 27. Jefferies has “Hold” rating and $33 price target. The stock of SpartanNash Co (NASDAQ:SPTN) has “Buy” rating given on Tuesday, August 23 by Northcoast. The company was initiated on Friday, September 23 by Barclays Capital. The rating was initiated by Pivotal Research with “Buy” on Wednesday, January 27. Jefferies maintained it with “Hold” rating and $29 target price in Friday, September 25 report.

SPTN Company Profile

Spartannash Company, formerly Spartan Stores, Inc., incorporated on April 16, 1918, is a multi-regional grocery distributor and grocery retailer, and a distributor of grocery products to military commissaries in the United States. The Company’s core businesses include distributing food to military commissaries and exchanges, and independent and corporate-owned retail stores located in over 40 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain, Egypt, Honduras, Afghanistan and Bosnia. The Firm operates through three divisions: Military, which sells and distributes grocery products to military commissaries and exchanges in the United States and overseas; Food Distribution, which uses a multi-platform sales approach to distribute groceries to independent retail locations and corporate-owned retail stores, and Retail, which operates retail supermarkets.

More recent SpartanNash Co (NASDAQ:SPTN) news were published by: Quotes.Wsj.com which released: “SpartanNash Co. SPTN (US: Nasdaq)” on February 11, 2011. Also Mlive.com published the news titled: “Michigan grocer ‘excited’ about deal with Amazon” on May 31, 2016. Mlive.com‘s news article titled: “SpartanNash promotes 2 executives to key positions” with publication date: March 05, 2015 was also an interesting one.

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By Pete Kolinski


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