Smart & Final Stores Inc. (SFS) Trading 1.5% Higher
Smart & Final Stores Inc. (NYSE:SFS) traded up 1.5% during trading on Tuesday . The company traded as high as $15.88 and last traded at $15.85, with a volume of 129,620 shares trading hands. The stock had previously closed at $15.62.
A number of equities research analysts have commented on the company. Zacks Investment Research downgraded Smart & Final Stores from a “hold” rating to a “sell” rating in a research report on Wednesday, March 30th. Deutsche Bank AG restated a “buy” rating and issued a $20.00 target price on shares of Smart & Final Stores in a research report on Thursday, April 21st. Royal Bank Of Canada restated a “buy” rating on shares of Smart & Final Stores in a research report on Saturday, April 30th. Credit Suisse Group AG restated a “hold” rating on shares of Smart & Final Stores in a research report on Monday, April 11th. Finally, Piper Jaffray Cos. restated a “buy” rating and issued a $18.00 target price (down previously from $19.00) on shares of Smart & Final Stores in a research report on Wednesday, May 4th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.88.
The stock has a market capitalization of $1.17 billion and a price-to-earnings ratio of 38.06. The firm’s 50 day moving average price is $15.41 and its 200 day moving average price is $15.82.
Smart & Final Stores (NYSE:SFS) last announced its earnings results on Tuesday, May 3rd. The company reported $0.08 EPS 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. The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. Equities analysts predict that Smart & Final Stores Inc. will post $0.75 EPS for the current fiscal year.
In other Smart & Final Stores news, EVP Scott R. Drew sold 23,084 shares of the stock in a transaction on Friday, July 1st. The stock was sold at an average price of $14.98, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David G. Hirz sold 36,647 shares of the stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $16.28, for a total value of $596,613.16. Following the sale, the chief executive officer now owns 131,242 shares in the company, valued at approximately $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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