SpartanNash (SPTN, $19.45) offers discounts, as part of its Fast Lane subscription service
On Friday, grocery retail & distribution company SpartanNash launched discounts for its delivery/pickup customers, as part of its Fast Lane subscription service.
“Annual Fast Lane subscriptions are available for $49 per year and include free, unlimited curbside pickup at any SpartanNash store that offers Fast Lane online grocery shopping (a $4.95-per-order savings),” SpartanNash said. According to the company, Fast Lane subscribers can save even more with half-off delivery in available locations (an additional $4.95-per-order savings).
There are 68 SpartanNash stores in total in Michigan, Minnesota, Nebraska, North Dakota, South Dakota and Wisconsin that offer Fast Lane service.
Momentum Indicator for SPTN turns negative, indicating new downward trend
SPTN saw its Momentum Indicator move below the 0 level on May 31, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 99 similar instances where the indicator turned negative. In of the 99 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for SPTN turned negative on June 01, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPTN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for SPTN entered a downward trend on May 24, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for SPTN's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPTN advanced for three days, in of 312 cases, the price rose further within the following month. The odds of a continued upward trend are .
SPTN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.987) is normal, around the industry mean (122.797). P/E Ratio (28.818) is within average values for comparable stocks, (36.340). SPTN's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.463). Dividend Yield (0.040) settles around the average of (0.038) among similar stocks. P/S Ratio (0.079) is also within normal values, averaging (4.239).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. SPTN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a food distributor serving military commissaries and exchanges
Industry FoodDistributors
SPTN and
Correlation & Price change
A.I.dvisor indicates that over the last year, SPTN has been loosely correlated with SYY. These tickers have moved in lockstep 45% of the time. This A.I.-generated data suggests there is some statistical probability that if SPTN jumps, then SYY could also see price increases.
| Ticker / NAME | Correlation To SPTN | 1D Price Change % | ||
|---|---|---|---|---|
| SPTN | 100% | -6.81% | ||
| SYY - SPTN | 45% Loosely correlated | +1.90% | ||
| UNFI - SPTN | 44% Loosely correlated | -1.80% | ||
| ANDE - SPTN | 43% Loosely correlated | +0.87% | ||
| CHEF - SPTN | 40% Loosely correlated | -0.96% | ||
| USFD - SPTN | 35% Loosely correlated | +2.04% | ||
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