RBC Capital Upgrades SUPERVALU to Outperform

Brokerage firm RBC Capital Upgrades its rating on SUPERVALU(SVU). The shares have been rated Outperform. Previously, the analysts had a Sector Perform rating on the shares. The rating by the stock financial advisor at RBC Capital was issued on Mar 23, 2017 in a research report to their Investors and Clients.

SUPERVALU (SVU) made into the market gainers list on Fridays trading session with the shares advancing 1.08% or 0.04 points. Due to strong positive momentum, the stock ended at $3.74, which is also near the day’s high of $3.7875. The stock began the session at $3.73 and the volume stood at 39,50,514 shares. The 52-week high of the shares is $5.9 and the 52 week low is $3.2. The company has a current market capitalization of $1,001 M and it has 26,76,58,930 shares in outstanding.

SUPERVALU(SVU) last announced its earnings results on Jan 11, 2017 for Fiscal Year 2017 and Q3.Company reported revenue of $3.003B. Analysts had an estimated revenue of $3.790B. Earnings per share were $0.05. Analysts had estimated an EPS of $0.13.

Several Insider Transactions has been reported to the SEC. On Nov 27, 2015, Wayne C Sales (director) sold 533,682 shares at $7.05 per share price.Also, On Nov 10, 2015, Luzuriaga Francesca Ruiz De (director) purchased 5,000 shares at $6.41 per share price.On Jan 9, 2015, Partners Llc Jana (10% owner) sold 4,667,412 shares at $9.32 per share price, according to the Form-4 filing with the securities and exchange commission.

SUPERVALU INC. (SUPERVALU) is a wholesale distributor to independent retail customers across the United States. The Company leverages its distribution operations by providing wholesale distribution and logistics service solutions to independent retail customers and Save-A-Lot licensees as well as wholesale distribution to its Retail Food and Save-A-Lot stores. It operates in three segments: Independent Business which is engaged in wholesale distribution and logistics service solutions to independently owned retail stores and other customers (collectively referred to as independent retail customers); Save-A-Lot which is engaged in the sale of groceries at retail locations operated by the Company and from stores licensed by the Company to which it provides wholesale distribution and Retail Food which is engaged in the sale of groceries and other products at retail locations operated by the Company.

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