Smart & Final Stores Inc. (SFS) Stock Price Up 1.8%
Smart & Final Stores Inc. (NYSE:SFS) shares rose 1.8% during mid-day trading on Tuesday . The stock traded as high as $14.42 and last traded at $14.41, with a volume of 183,403 shares. The stock had previously closed at $14.15.
SFS has been the subject of several recent research reports. Credit Suisse Group AG reissued a “hold” rating on shares of Smart & Final Stores in a report on Monday, April 11th. Zacks Investment Research cut shares of Smart & Final Stores from a “hold” rating to a “sell” rating in a report on Thursday, April 14th. Deutsche Bank AG reissued a “buy” rating and set a $20.00 target price on shares of Smart & Final Stores in a report on Thursday, April 21st. Royal Bank Of Canada reissued a “buy” rating on shares of Smart & Final Stores in a report on Saturday, April 30th. Finally, Piper Jaffray Cos. reissued a “buy” rating and set a $18.00 target price (down previously from $19.00) on shares of Smart & Final Stores in a report on Wednesday, May 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.10.
The firm has a market capitalization of $1.07 billion and a P/E ratio of 39.48. The firm’s 50 day moving average is $15.21 and its 200-day moving average is $15.65.
Smart & Final Stores (NYSE:SFS) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.01. During the same period in the prior year, the business earned $0.22 earnings per share. The firm earned $1.04 billion during the quarter, compared to the consensus estimate of $1.05 billion. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. Equities analysts anticipate that Smart & Final Stores Inc. will post $0.65 EPS for the current fiscal year.
In other Smart & Final Stores news, EVP Scott R. Drew sold 23,084 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott R. Drew sold 25,000 shares of the company’s stock in a transaction dated Tuesday, July 5th. The shares were 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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