Equities analysts predict that Smart (NYSE:SFS) will post sales of $1.07 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Smart’s earnings. The highest sales estimate is $1.07 billion and the lowest is $1.06 billion. Smart posted sales of $1.00 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 7%. The firm is expected to issue its next earnings report on Wednesday, March 14th.

According to Zacks, analysts expect that Smart will report full-year sales of $1.07 billion for the current financial year, with estimates ranging from $4.56 billion to $4.57 billion. For the next year, analysts forecast that the firm will report sales of $4.83 billion per share, with estimates ranging from $4.75 billion to $4.89 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Smart.

A number of analysts recently weighed in on the company. Morgan Stanley decreased their price target on Smart from $7.50 to $7.00 and set an “underweight” rating on the stock in a research note on Thursday, November 16th. Wells Fargo & Company assumed coverage on Smart in a research note on Friday, November 3rd. They issued an “outperform” rating and a $9.00 price target on the stock. ValuEngine upgraded Smart from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Deutsche Bank decreased their price target on Smart from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, November 16th. Finally, Loop Capital decreased their price target on Smart from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, November 16th. Three analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $11.23.

In other Smart news, SVP Michael A. Mortensen sold 9,652 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $8.86, for a total transaction of $85,516.72. Following the sale, the senior vice president now directly owns 30,863 shares in the company, valued at $273,446.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Eleanor Hong sold 6,400 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $8.00, for a total value of $51,200.00. Following the completion of the transaction, the vice president now directly owns 59,922 shares of the company’s stock, valued at $479,376. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,500 shares of company stock worth $836,611. 8.47% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SFS. Dimensional Fund Advisors LP raised its holdings in shares of Smart by 48.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,667,686 shares of the company’s stock worth $13,091,000 after acquiring an additional 545,814 shares during the last quarter. Boston Partners acquired a new position in shares of Smart in the second quarter worth $4,876,000. Ameriprise Financial Inc. raised its holdings in shares of Smart by 1,762.8% in the third quarter. Ameriprise Financial Inc. now owns 455,170 shares of the company’s stock worth $3,574,000 after acquiring an additional 430,735 shares during the last quarter. Signia Capital Management LLC acquired a new position in shares of Smart in the third quarter worth $2,487,000. Finally, Franklin Resources Inc. raised its holdings in shares of Smart by 10.3% in the second quarter. Franklin Resources Inc. now owns 3,026,922 shares of the company’s stock worth $27,545,000 after acquiring an additional 282,997 shares during the last quarter.

Smart (SFS) traded down $0.20 during trading on Friday, hitting $8.30. The company had a trading volume of 530,500 shares, compared to its average volume of 529,589. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.92. Smart has a 12-month low of $5.80 and a 12-month high of $15.45. The stock has a market capitalization of $622.44, a P/E ratio of 30.36, a PEG ratio of 4.68 and a beta of 0.62.

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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.

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