Smart & Final Stores Inc. (SFS) Sees Unusually-High Trading Volume
Shares of Smart & Final Stores Inc. (NYSE:SFS) saw strong trading volume on Friday . 664,515 shares changed hands during trading, an increase of 16% from the previous session’s volume of 571,085 shares.The stock last traded at $15.57 and had previously closed at $15.51.
A number of analysts recently commented on the company. Zacks Investment Research lowered Smart & Final Stores from a “hold” rating to a “sell” rating in a report on Wednesday, March 30th. Royal Bank Of Canada reiterated a “buy” rating on shares of Smart & Final Stores in a report on Saturday, April 30th. Piper Jaffray Cos. reiterated a “buy” rating and set a $18.00 price target (down from $19.00) on shares of Smart & Final Stores in a report on Wednesday, May 4th. Deutsche Bank AG reiterated a “buy” rating and set a $20.00 price target on shares of Smart & Final Stores in a report on Thursday, April 21st. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Smart & Final Stores in a report on Monday, April 11th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $18.88.
The stock has a market capitalization of $1.15 billion and a price-to-earnings ratio of 37.34. The stock has a 50 day moving average price of $15.41 and a 200-day moving average price of $15.87.
Smart & Final Stores (NYSE:SFS) last posted its 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 business earned $908.50 million during the quarter, compared to analysts’ expectations of $934.14 million. During the same quarter last year, the business earned $0.10 EPS. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts predict that Smart & Final Stores Inc. will post $0.75 EPS for the current fiscal year.
In related news, EVP Scott R. Drew sold 23,084 shares of the company’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $14.98, for a total value of $345,798.32. Following the sale, the executive vice president now owns 48,185 shares in the company, valued at approximately $721,811.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott R. Drew sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $14.97, for a total value of $374,250.00. Following the completion of the sale, the executive vice president now owns 48,185 shares in the company, valued at approximately $721,329.45. 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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