Smart (NYSE:SFS) was downgraded by research analysts at TheStreet from a “c-” rating to a “d+” rating in a report released on Tuesday.

SFS has been the subject of a number of other reports. BidaskClub cut shares of Smart from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 13th. Morgan Stanley reissued an “underweight” rating and issued a $8.00 price objective (down from $11.00) on shares of Smart in a research note on Monday, June 19th. Royal Bank Of Canada reissued an “outperform” rating and issued a $19.00 price objective on shares of Smart in a research note on Thursday, May 4th. Loop Capital assumed coverage on shares of Smart in a research note on Monday, May 15th. They issued a “buy” rating and a $17.00 price objective for the company. Finally, Zacks Investment Research cut shares of Smart from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $20.50.

Shares of Smart (NYSE SFS) traded up 4.00% on Tuesday, reaching $7.80. 960,154 shares of the company’s stock traded hands. Smart has a 52-week low of $7.45 and a 52-week high of $16.16. The stock has a market cap of $571.05 million, a price-to-earnings ratio of 58.21 and a beta of 0.30. The firm’s 50-day moving average is $10.16 and its 200-day moving average is $12.41.

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In related news, EVP Scott R. Drew sold 21,000 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $13.02, for a total transaction of $273,420.00. Following the completion of the transaction, the executive vice president now directly owns 64,648 shares of the company’s stock, valued at $841,716.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael A. Mortensen sold 26,980 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $13.42, for a total transaction of $362,071.60. Following the transaction, the senior vice president now directly owns 48,191 shares of the company’s stock, valued at $646,723.22. The disclosure for this sale can be found here. Insiders have sold 101,940 shares of company stock valued at $1,097,389 over the last ninety days. 8.47% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Aperio Group LLC bought a new position in Smart during the second quarter valued at $125,000. Credit Suisse AG raised its position in Smart by 0.4% in the first quarter. Credit Suisse AG now owns 46,587 shares of the company’s stock valued at $563,000 after buying an additional 193 shares during the period. Schwab Charles Investment Management Inc. raised its position in Smart by 6.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 99,367 shares of the company’s stock valued at $1,203,000 after buying an additional 5,796 shares during the period. Citadel Advisors LLC raised its position in Smart by 13.7% in the first quarter. Citadel Advisors LLC now owns 29,863 shares of the company’s stock valued at $361,000 after buying an additional 3,604 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Smart by 68.2% in the first quarter. Dimensional Fund Advisors LP now owns 744,546 shares of the company’s stock valued at $9,009,000 after buying an additional 301,959 shares during the period.

Smart Company Profile

Smart & Final Stores, Inc is a food retailer. The Company is engaged in the business of selling fresh perishables and everyday grocery items, together with foodservice, packaging and janitorial products. The Company operates through two segments: Smart & Final, and Cash and Carry. The Smart & Final segment focuses on both household and business customers.

Analyst Recommendations for Smart (NYSE:SFS)

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