Stock analysts at J P Morgan Chase & Co started coverage on shares of Smart (NYSE:SFS) in a research note issued on Tuesday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $9.00 price target on the stock. J P Morgan Chase & Co’s target price points to a potential downside of 5.26% from the stock’s current price.

A number of other research firms also recently issued reports on SFS. Zacks Investment Research downgraded shares of Smart from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st. ValuEngine downgraded shares of Smart from a “hold” rating to a “sell” rating in a research report on Friday, November 17th. BidaskClub downgraded shares of Smart from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Citigroup reaffirmed a “neutral” rating and issued a $8.50 price target (down from $10.00) on shares of Smart in a research note on Friday, August 11th. Finally, Deutsche Bank lowered their price target on Smart from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, November 16th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Smart presently has a consensus rating of “Hold” and an average target price of $11.23.

Smart (NYSE SFS) traded up $0.40 during trading on Tuesday, reaching $9.50. 860,000 shares of the company’s stock were exchanged, compared to its average volume of 530,459. The company has a current ratio of 0.92, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. Smart has a 52 week low of $5.80 and a 52 week high of $15.45. The firm has a market cap of $666.38, a P/E ratio of 32.50, a PEG ratio of 5.01 and a beta of 0.62.

In related news, VP Eleanor Hong sold 6,400 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $8.00, for a total transaction of $51,200.00. Following the completion of the sale, the vice president now directly owns 59,922 shares of the company’s stock, valued at approximately $479,376. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Scott R. Drew sold 54,840 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $7.94, for a total value of $435,429.60. Following the sale, the executive vice president now directly owns 98,488 shares of the company’s stock, valued at $781,994.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,848 shares of company stock valued at $751,094. 8.47% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its stake in Smart by 8.1% during the 2nd quarter. Victory Capital Management Inc. now owns 3,229,048 shares of the company’s stock worth $29,384,000 after purchasing an additional 242,135 shares in the last quarter. Franklin Resources Inc. increased its stake in Smart by 10.3% during the 2nd quarter. Franklin Resources Inc. now owns 3,026,922 shares of the company’s stock worth $27,545,000 after purchasing an additional 282,997 shares in the last quarter. Vanguard Group Inc. increased its stake in Smart by 4.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,386,074 shares of the company’s stock worth $21,714,000 after purchasing an additional 107,655 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Smart by 48.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,667,686 shares of the company’s stock worth $13,091,000 after purchasing an additional 545,814 shares in the last quarter. Finally, Boston Partners increased its stake in Smart by 73.5% during the 3rd quarter. Boston Partners now owns 929,980 shares of the company’s stock worth $7,301,000 after purchasing an additional 394,100 shares in the last quarter.

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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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