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Are Investors Undervaluing SpartanNash (SPTN) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.

One company to watch right now is SpartanNash (SPTN). SPTN is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 9.79, while its industry has an average P/E of 15.69. Over the past 52 weeks, SPTN's Forward P/E has been as high as 10.88 and as low as 8.62, with a median of 9.67.

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Finally, investors should note that SPTN has a P/CF ratio of 4.46. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 9.74. SPTN's P/CF has been as high as 6.74 and as low as 4.22, with a median of 5.40, all within the past year.

These are only a few of the key metrics included in SpartanNash's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, SPTN looks like an impressive value stock at the moment.

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Zacks Investment Research