Smart & Final Stores Inc. (SFS) Sees Large Volume Increase
Smart & Final Stores Inc. (NYSE:SFS) shares saw strong trading volume on Thursday . 289,256 shares traded 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 analysts have recently weighed in on the company. Zacks Investment Research raised Smart & Final Stores from a “sell” rating to a “hold” rating and set a $17.00 target price on the stock in a research report on Monday, May 16th. Piper Jaffray Cos. reiterated a “buy” rating and set a $18.00 price target (down previously from $19.00) on shares of Smart & Final Stores in a report on Wednesday, May 4th. Royal Bank Of Canada reiterated a “buy” rating on shares of Smart & Final Stores in a report on Saturday, April 30th. 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $18.88.
The firm has a market capitalization of $1.11 billion and a PE ratio of 36.02. The stock’s 50-day moving average price is $15.45 and its 200 day moving average price is $15.95.
Smart & Final Stores (NYSE:SFS) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.01. The firm earned $908.50 million during the quarter, compared to analysts’ expectations of $934.14 million. The business’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 EPS. Analysts expect that Smart & Final Stores Inc. will post $0.75 earnings per share for the current fiscal year.
In other news, CEO David G. Hirz sold 36,647 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $16.28, for a total value of $596,613.16. Following the completion of the transaction, the chief executive officer now owns 131,242 shares in the company, valued at approximately $2,136,619.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Scott R. Drew sold 23,084 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $14.98, for a total value of $345,798.32. Following the completion of the transaction, the executive vice president now owns 48,185 shares of the company’s stock, valued at approximately $721,811.30. 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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