Insider Selling: Smart (SFS) SVP Sells 19,304 Shares of Stock
Smart (NYSE:SFS) SVP Michael A. Mortensen sold 19,304 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $6.11, for a total value of $117,947.44. Following the sale, the senior vice president now owns 40,515 shares of the company’s stock, valued at $247,546.65. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Smart (NYSE:SFS) traded up $0.60 during mid-day trading on Friday, hitting $6.70. The stock had a trading volume of 752,842 shares, compared to its average volume of 458,650. The company has a market capitalization of $477.43, a price-to-earnings ratio of 20.81 and a beta of 0.25.
COPYRIGHT VIOLATION NOTICE: “Insider Selling: Smart (SFS) SVP Sells 19,304 Shares of Stock” was posted by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.americanbankingnews.com/2017/11/03/insider-selling-smart-sfs-svp-sells-19304-shares-of-stock.html.
Several analysts recently weighed in on SFS shares. TheStreet downgraded Smart from a “c-” rating to a “d+” rating in a research report on Tuesday, July 18th. BidaskClub upgraded Smart from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Deutsche Bank AG restated a “buy” rating and set a $12.00 price objective (down from $14.00) on shares of Smart in a research report on Wednesday, July 26th. Zacks Investment Research upgraded Smart from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a research report on Tuesday, August 1st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $19.00 target price on shares of Smart in a report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.47.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Boston Partners grew its stake in Smart by 73.5% during the third quarter. Boston Partners now owns 929,980 shares of the company’s stock worth $7,301,000 after purchasing an additional 394,100 shares during the period. First Trust Advisors LP grew its stake in Smart by 74.3% during the third quarter. First Trust Advisors LP now owns 178,513 shares of the company’s stock worth $1,401,000 after purchasing an additional 76,069 shares during the period. Verition Fund Management LLC acquired a new stake in Smart during the second quarter worth approximately $173,000. Martin & Co. Inc. TN grew its stake in Smart by 57.8% during the second quarter. Martin & Co. Inc. TN now owns 235,090 shares of the company’s stock worth $2,139,000 after purchasing an additional 86,150 shares during the period. Finally, BlueCrest Capital Management Ltd acquired a new stake in Smart during the second quarter worth approximately $288,000.
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.
Receive News & Ratings for Smart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart and related companies with MarketBeat.com's FREE daily email newsletter.