Smart (NYSE:SFS)‘s stock had its “outperform” rating reiterated by analysts at Royal Bank Of Canada in a research report issued on Friday. They currently have a $19.00 price objective on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 140.51% from the company’s previous close.

Several other brokerages also recently weighed in on SFS. Zacks Investment Research raised shares of Smart from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. TheStreet downgraded shares of Smart from a “c-” rating to a “d+” rating in a research note on Tuesday. Loop Capital started coverage on shares of Smart in a research note on Monday, May 15th. They set a “buy” rating and a $17.00 target price on the stock. Morgan Stanley reaffirmed an “underweight” rating and set a $8.00 target price (down from $11.00) on shares of Smart in a research note on Monday, June 19th. Finally, BidaskClub downgraded shares of Smart from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $20.50.

Smart (NYSE SFS) traded down 1.25% during trading on Friday, hitting $7.90. 558,523 shares of the stock were exchanged. The stock’s 50 day moving average price is $9.86 and its 200 day moving average price is $12.35. Smart has a 12 month low of $7.45 and a 12 month high of $15.88. The stock has a market cap of $578.37 million, a P/E ratio of 58.96 and a beta of 0.30.

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In other news, EVP Scott R. Drew sold 21,000 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $13.02, for a total value of $273,420.00. Following the completion of the transaction, the executive vice president now owns 64,648 shares in the company, valued at approximately $841,716.96. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Michael A. Mortensen sold 26,980 shares of the company’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $8.26, for a total transaction of $222,854.80. Following the completion of the transaction, the senior vice president now owns 48,191 shares of the company’s stock, valued at approximately $398,057.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 101,940 shares of company stock worth $1,097,389. Insiders own 8.47% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its position in shares of Smart by 11.0% in the fourth quarter. State Street Corp now owns 582,639 shares of the company’s stock valued at $8,214,000 after buying an additional 57,747 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Smart by 33.4% in the first quarter. First Trust Advisors LP now owns 132,191 shares of the company’s stock valued at $1,600,000 after buying an additional 33,113 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Smart during the fourth quarter valued at about $533,000. United Services Automobile Association boosted its position in shares of Smart by 22.3% in the first quarter. United Services Automobile Association now owns 723,190 shares of the company’s stock valued at $8,751,000 after buying an additional 131,800 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its position in shares of Smart by 41.7% in the first quarter. Suntrust Banks Inc. now owns 24,942 shares of the company’s stock valued at $301,000 after buying an additional 7,344 shares during the last quarter.

About Smart

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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