Smart & Final Stores Inc (SFS) Receives Consensus Rating of “Hold” from Brokerages

Shares of Smart & Final Stores Inc (NYSE:SFS) have been given an average recommendation of “Hold” by the fourteen analysts that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $11.45.

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Smart & Final Stores in a research note on Tuesday, December 5th. They set a “neutral” rating and a $9.00 target price for the company. ValuEngine raised shares of Smart & Final Stores from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Barclays raised shares of Smart & Final Stores from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $8.00 to $12.00 in a research note on Tuesday. Zacks Investment Research lowered shares of Smart & Final Stores from a “hold” rating to a “sell” rating in a research note on Tuesday, November 21st. Finally, Morgan Stanley cut their price target on shares of Smart & Final Stores from $7.50 to $7.00 and set an “underweight” rating on the stock in a report on Thursday, November 16th.

Shares of Smart & Final Stores (NYSE:SFS) traded up $0.05 during trading hours on Friday, hitting $9.35. 346,681 shares of the company’s stock were exchanged, compared to its average volume of 390,342. The firm has a market cap of $681.03, a price-to-earnings ratio of 93.51, a P/E/G ratio of 4.34 and a beta of 0.62. Smart & Final Stores has a 52 week low of $5.80 and a 52 week high of $15.40. The company has a quick ratio of 0.29, a current ratio of 0.92 and a debt-to-equity ratio of 1.11.

Smart & Final Stores (NYSE:SFS) last issued its earnings results on Wednesday, November 15th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). Smart & Final Stores had a net margin of 0.16% and a return on equity of 3.69%. sell-side analysts expect that Smart & Final Stores will post 0.33 earnings per share for the current year.

In other news, EVP Scott R. Drew sold 54,840 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $7.94, for a total transaction of $435,429.60. Following the transaction, the executive vice president now owns 98,488 shares in the company, valued at approximately $781,994.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott R. Drew sold 36,560 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $8.99, for a total transaction of $328,674.40. The disclosure for this sale can be found here. Insiders have sold a total of 163,316 shares of company stock worth $1,324,044 in the last 90 days. 8.47% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new position in shares of Smart & Final Stores during the 4th quarter valued at $267,000. Schwab Charles Investment Management Inc. raised its holdings in Smart & Final Stores by 5.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 112,150 shares of the company’s stock worth $959,000 after acquiring an additional 5,433 shares during the period. Neuberger Berman Group LLC raised its holdings in Smart & Final Stores by 28.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 66,540 shares of the company’s stock worth $522,000 after acquiring an additional 14,600 shares during the period. California Public Employees Retirement System raised its holdings in Smart & Final Stores by 149.2% in the 3rd quarter. California Public Employees Retirement System now owns 45,108 shares of the company’s stock worth $354,000 after acquiring an additional 27,008 shares during the period. Finally, Highbridge Capital Management LLC bought a new position in Smart & Final Stores in the 3rd quarter worth $140,000.

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About Smart & Final Stores

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 & Final Stores (NYSE:SFS)

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