Smart (NYSE:SFS) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report released on Tuesday.

SFS has been the topic of several other reports. Zacks Investment Research lowered shares of Smart from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Loop Capital lowered their target price on shares of Smart from $15.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, November 16th. Deutsche Bank lowered their target price on shares of Smart from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, November 16th. Morgan Stanley lowered their target price on shares of Smart from $7.50 to $7.00 and set an “underweight” rating for the company in a research note on Thursday, November 16th. Finally, Wells Fargo & Company initiated coverage on shares of Smart in a research note on Friday, November 3rd. They issued an “outperform” rating and a $9.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $11.23.

Shares of Smart (SFS) traded down $0.70 during mid-day trading on Tuesday, reaching $8.80. 650,384 shares of the company traded hands, compared to its average volume of 530,971. The stock has a market capitalization of $666.38, a price-to-earnings ratio of 32.50, a price-to-earnings-growth ratio of 5.01 and a beta of 0.62. 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 12 month low of $5.80 and a 12 month high of $15.45.

In other news, Director Joseph S. Tesoriero bought 5,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was bought at an average cost of $6.95 per share, for a total transaction of $34,750.00. Following the completion of the purchase, the director now directly owns 20,140 shares in the company, valued at $139,973. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott R. Drew sold 54,840 shares of Smart stock in a transaction on Monday, November 20th. The stock was sold at an average price of $7.94, for a total transaction of $435,429.60. Following the sale, the executive vice president now 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 90 days, insiders sold 109,500 shares of company stock valued at $836,611. 8.47% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in shares of Smart by 49.9% during the first quarter. Envestnet Asset Management Inc. now owns 7,347 shares of the company’s stock worth $119,000 after buying an additional 2,446 shares during the period. Aperio Group LLC acquired a new stake in shares of Smart during the second quarter worth $125,000. WFG Advisors LP lifted its stake in shares of Smart by 2,163.6% during the fourth quarter. WFG Advisors LP now owns 11,318 shares of the company’s stock worth $126,000 after buying an additional 10,818 shares during the period. Princeton Alpha Management LP acquired a new stake in shares of Smart during the third quarter worth $131,000. Finally, Independent Portfolio Consultants Inc. lifted its stake in shares of Smart by 3.2% during the third quarter. Independent Portfolio Consultants Inc. now owns 10,815 shares of the company’s stock worth $138,000 after buying an additional 340 shares during the period.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Smart (NYSE:SFS)

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