Smart (SFS) Given Consensus Rating of “Hold” by Analysts
Shares of Smart (NYSE:SFS) have been given a consensus rating of “Hold” by the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $20.69.
Several research firms recently commented on SFS. Citigroup Inc. restated a “neutral” rating and set a $8.50 target price (down from $10.00) on shares of Smart in a research report on Friday, August 11th. Zacks Investment Research cut Smart from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. BidaskClub cut Smart from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Deutsche Bank AG restated a “buy” rating and set a $12.00 target price (down from $14.00) on shares of Smart in a research report on Wednesday, July 26th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $19.00 target price on shares of Smart in a research report on Friday, July 21st.
Smart (SFS) traded up 1.41% during mid-day trading on Thursday, reaching $7.20. The company had a trading volume of 297,104 shares. The stock has a 50 day moving average price of $7.33 and a 200-day moving average price of $9.76. The stock has a market capitalization of $532.94 million, a P/E ratio of 60.00 and a beta of 0.36. Smart has a 12-month low of $6.60 and a 12-month high of $15.45.
Smart (NYSE:SFS) last posted its earnings results on Tuesday, July 25th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.04). Smart had a return on equity of 4.14% and a net margin of 0.21%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the firm earned $0.20 earnings per share. Smart’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities analysts anticipate that Smart will post $0.49 EPS for the current fiscal year.
In other news, SVP Michael A. Mortensen sold 19,304 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $7.59, for a total value of $146,517.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph S. Tesoriero acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was purchased at an average price of $6.95 per share, with a total value of $34,750.00. Following the completion of the acquisition, the director now directly owns 20,140 shares in the company, valued at approximately $139,973. The disclosure for this purchase can be found here. 8.47% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of SFS. Teachers Advisors LLC boosted its holdings in shares of Smart by 17.2% in the 4th quarter. Teachers Advisors LLC now owns 40,430 shares of the company’s stock worth $570,000 after purchasing an additional 5,929 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Smart by 8.9% in the 1st quarter. Wells Fargo & Company MN now owns 30,130 shares of the company’s stock worth $365,000 after purchasing an additional 2,452 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Smart by 33.4% in the 1st quarter. First Trust Advisors LP now owns 132,191 shares of the company’s stock worth $1,600,000 after purchasing an additional 33,113 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Smart by 12.5% in the 1st quarter. Bank of New York Mellon Corp now owns 192,131 shares of the company’s stock worth $2,324,000 after purchasing an additional 21,349 shares in the last quarter. Finally, American International Group Inc. boosted its holdings in shares of Smart by 7.1% in the 1st quarter. American International Group Inc. now owns 14,236 shares of the company’s stock worth $172,000 after purchasing an additional 940 shares in the last quarter.
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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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