Smart’s (SFS) “Buy” Rating Reaffirmed at Deutsche Bank AG
Smart (NYSE:SFS)‘s stock had its “buy” rating restated by analysts at Deutsche Bank AG in a research report issued on Wednesday. They presently have a $12.00 target price on the stock, down from their prior target price of $14.00. Deutsche Bank AG’s target price would indicate a potential upside of 48.15% from the company’s previous close.
Several other equities research analysts have also weighed in on the company. Royal Bank Of Canada reissued an “outperform” rating and set a $19.00 price objective on shares of Smart in a research note on Friday, July 21st. TheStreet lowered Smart from a “c-” rating to a “d+” rating in a research note on Tuesday, July 18th. BidaskClub lowered Smart from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 13th. Zacks Investment Research raised Smart from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Morgan Stanley reissued an “underweight” rating and set a $8.00 price objective (down from $11.00) on shares of Smart in a research note on Monday, June 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $20.00.
Shares of Smart (NYSE SFS) traded up 11.73% on Wednesday, hitting $9.05. The company’s stock had a trading volume of 2,013,226 shares. The company has a 50 day moving average of $9.53 and a 200 day moving average of $12.24. The firm has a market cap of $662.56 million, a PE ratio of 67.54 and a beta of 0.30. Smart has a 1-year low of $7.45 and a 1-year high of $15.88.
Smart (NYSE:SFS) last released its quarterly earnings data on Tuesday, July 25th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.04. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. Smart had a return on equity of 4.86% and a net margin of 0.23%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.20 earnings per share. Equities analysts forecast that Smart will post $0.49 EPS for the current year.
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In other news, EVP Scott R. Drew sold 21,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $13.02, for a total value of $273,420.00. Following the completion of the sale, the executive vice president now owns 64,648 shares in the company, valued at $841,716.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael A. Mortensen sold 26,980 shares of the stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $8.26, for a total value of $222,854.80. Following the completion of the sale, 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. Insiders sold 101,940 shares of company stock valued at $1,097,389 in the last 90 days. Corporate insiders own 8.47% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in SFS. Hood River Capital Management LLC acquired a new stake in Smart during the first quarter worth about $7,762,000. Suntrust Banks Inc. raised its stake in Smart by 41.7% in the first quarter. Suntrust Banks Inc. now owns 24,942 shares of the company’s stock worth $301,000 after buying an additional 7,344 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Smart by 12.5% in the first quarter. Bank of New York Mellon Corp now owns 192,131 shares of the company’s stock worth $2,324,000 after buying an additional 21,349 shares during the last quarter. First Trust Advisors LP raised its stake in Smart by 33.4% in the first quarter. First Trust Advisors LP now owns 132,191 shares of the company’s stock worth $1,600,000 after buying an additional 33,113 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Smart by 8.9% in the first quarter. Wells Fargo & Company MN now owns 30,130 shares of the company’s stock worth $365,000 after buying an additional 2,452 shares during the last quarter.
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.
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