Smart & Final Stores Inc. (SFS) Sees Unusually-High Trading Volume
Shares of Smart & Final Stores Inc. (NYSE:SFS) saw unusually-strong trading volume on Thursday . Approximately 289,256 shares changed hands during trading, a decline of 1% from the previous session’s volume of 292,502 shares.The stock last traded at $14.63 and had previously closed at $14.64.
A number of equities research analysts recently weighed in on SFS shares. Piper Jaffray Cos. reissued a “buy” rating and set a $18.00 price target (down from $19.00) on shares of Smart & Final Stores in a research note on Wednesday, May 4th. Royal Bank Of Canada dropped their price target on shares of Smart & Final Stores from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday, March 16th. Credit Suisse Group AG reissued a “neutral” rating and set a $16.00 price target on shares of Smart & Final Stores in a research note on Thursday, March 17th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Smart & Final Stores in a research note on Thursday, March 17th. Finally, Zacks Investment Research raised shares of Smart & Final Stores from a “sell” rating to a “hold” rating and set a $17.00 price target for the company in a research note on Monday, May 16th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Smart & Final Stores currently has a consensus rating of “Buy” and a consensus price target of $18.88.
The stock’s 50-day moving average price is $15.47 and its 200 day moving average price is $15.97. The stock has a market capitalization of $1.08 billion and a PE ratio of 35.23.
Smart & Final Stores (NYSE:SFS) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $908.50 million for the quarter, compared to the consensus estimate of $934.14 million. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 EPS. On average, equities analysts forecast that Smart & Final Stores Inc. will post $0.75 EPS for the current year.
In other news, EVP Scott R. Drew sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $14.97, for a total value of $374,250.00. Following the sale, the executive vice president now directly owns 48,185 shares in the company, valued at approximately $721,329.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David G. Hirz sold 36,647 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $16.28, for a total transaction of $596,613.16. Following the completion of the sale, the chief executive officer now owns 131,242 shares in the company, valued at $2,136,619.76. The disclosure for this sale can be found here.
Smart & Final Stores, Inc is a food retailer. The Company serves household and business customers through approximately two store banners, including Smart & Final and Cash & Carry. The Company operates through two business segments: Smart & Final and Cash & Carry. The Smart & Final segment is based in Commerce, California and includes over 90 legacy Smart & Final stores and approximately 130 Extra! format stores, which focus on household and business customers and are located in California, Arizona and Nevada.
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