Smart & Final Stores Inc. (SFS) Sees Unusually-High Trading Volume
Smart & Final Stores Inc. (NYSE:SFS) saw unusually-high trading volume on Friday . Approximately 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.
SFS has been the topic of several recent research reports. Zacks Investment Research downgraded Smart & Final Stores from a “hold” rating to a “sell” rating in a research report on Thursday, April 21st. Credit Suisse Group AG restated a “hold” rating on shares of Smart & Final Stores in a research report on Monday, April 11th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Smart & Final Stores in a research report on Thursday, March 17th. Deutsche Bank AG restated a “buy” rating and set a $20.00 target price on shares of Smart & Final Stores in a research report on Thursday, April 21st. Finally, Piper Jaffray Cos. restated a “buy” rating and set 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $18.88.
The stock has a market cap of $1.15 billion and a price-to-earnings ratio of 37.34. The firm’s 50 day moving average price is $15.41 and its 200-day moving average price is $15.87.
Smart & Final Stores (NYSE:SFS) last posted 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. During the same period in the previous year, the business posted $0.10 earnings per share. The business had revenue of $908.50 million for the quarter, compared to analyst estimates of $934.14 million. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Analysts forecast that Smart & Final Stores Inc. will post $0.75 EPS for the current fiscal year.
In other Smart & Final Stores news, CEO David G. Hirz sold 36,647 shares of Smart & Final Stores stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 131,242 shares of the company’s stock, valued at approximately $2,136,619.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Scott R. Drew sold 23,084 shares of Smart & Final Stores stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly 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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