Smart & Final (SFS) Cut to “Strong Sell” at ValuEngine

Smart & Final (NYSE:SFS) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Thursday.

SFS has been the topic of several other research reports. Zacks Investment Research lowered Smart & Final from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Morgan Stanley lowered their price objective on Smart & Final from $7.50 to $7.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 2nd. Credit Suisse Group initiated coverage on Smart & Final in a research report on Tuesday, April 17th. They issued a “neutral” rating and a $5.50 price objective on the stock. Citigroup lowered their price objective on Smart & Final from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, May 4th. Finally, Deutsche Bank lowered their price objective on Smart & Final from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, May 3rd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $9.38.

Smart & Final traded up $0.30, hitting $5.25, during mid-day trading on Thursday, MarketBeat Ratings reports. The company had a trading volume of 587,600 shares, compared to its average volume of 503,019. The company has a current ratio of 0.98, a quick ratio of 0.31 and a debt-to-equity ratio of 1.55. Smart & Final has a 12-month low of $4.80 and a 12-month high of $4.93. The firm has a market cap of $360.97 million, a PE ratio of 15.44, a P/E/G ratio of 1.59 and a beta of 1.18.

Smart & Final (NYSE:SFS) last released its quarterly earnings data on Wednesday, May 2nd. The company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.03. Smart & Final had a positive return on equity of 4.93% and a negative net margin of 3.06%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm posted ($0.02) EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. equities research analysts forecast that Smart & Final will post 0.28 EPS for the current year.

Several hedge funds have recently made changes to their positions in the company. Guggenheim Capital LLC acquired a new position in shares of Smart & Final during the 1st quarter worth approximately $1,254,000. Jane Street Group LLC acquired a new position in shares of Smart & Final during the 1st quarter worth approximately $111,000. Citadel Advisors LLC raised its stake in shares of Smart & Final by 75.8% during the 1st quarter. Citadel Advisors LLC now owns 147,824 shares of the company’s stock worth $820,000 after buying an additional 63,757 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Smart & Final by 9.1% during the 1st quarter. Russell Investments Group Ltd. now owns 1,116,917 shares of the company’s stock worth $6,199,000 after buying an additional 92,930 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Smart & Final by 18.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,465,275 shares of the company’s stock worth $13,682,000 after buying an additional 387,582 shares during the period.

About Smart & Final

Smart & Final Stores, Inc operates as a food retailer in the United States. It operates in two segments, Smart & Final, and Cash & Carry Smart Foodservice. The company operates non-membership warehouse-style grocery stores under the Smart & Final banner in California, Arizona, and Nevada, as well as under the Cash & Carry Smart Foodservice banner in Washington, Oregon, Northern California, Idaho, Nevada, Montana, and Utah.

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

Analyst Recommendations for Smart & Final (NYSE:SFS)

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