News coverage about SpartanNash (NASDAQ:SPTN) has trended positive on Thursday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SpartanNash earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.5667268452715 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

SpartanNash (NASDAQ:SPTN) traded up $0.41 on Thursday, reaching $22.38. 128,700 shares of the company traded hands, compared to its average volume of 225,828. The company has a market cap of $812.27, a PE ratio of -11.08, a P/E/G ratio of 1.68 and a beta of 0.88. SpartanNash has a 1-year low of $18.56 and a 1-year high of $39.67. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.92.

SpartanNash announced that its board has approved a stock repurchase plan on Thursday, November 16th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Several equities analysts have recently issued reports on the stock. ValuEngine lowered shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. BidaskClub raised shares of SpartanNash from a “sell” rating to a “hold” rating in a report on Saturday, December 2nd. Barclays decreased their price target on shares of SpartanNash from $28.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, November 10th. Pivotal Research reissued a “sell” rating and issued a $18.00 price target on shares of SpartanNash in a report on Wednesday, November 8th. Finally, Northcoast Research lowered shares of SpartanNash from a “buy” rating to a “neutral” rating in a report on Friday, January 5th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $23.20.

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About SpartanNash

SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries.

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