Smart & Final Stores Inc. (SFS) Trading Up 1.5%
Smart & Final Stores Inc. (NYSE:SFS)’s share price was up 1.5% during mid-day 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 analysts have recently issued reports on SFS shares. Zacks Investment Research downgraded shares of Smart & Final Stores from a “hold” rating to a “sell” rating in a report on Thursday, April 21st. Credit Suisse Group AG restated a “hold” rating on shares of Smart & Final Stores in a report on Monday, April 11th. Deutsche Bank AG restated a “buy” rating and set a $20.00 target price on shares of Smart & Final Stores in a report on Thursday, April 21st. Piper Jaffray Cos. restated a “buy” rating and set a $18.00 target price (down from $19.00) on shares of Smart & Final Stores in a report on Wednesday, May 4th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Smart & Final Stores in a report on Saturday, April 30th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $18.88.
The stock has a market cap of $1.18 billion and a P/E ratio of 38.39. The stock has a 50 day moving average of $15.43 and a 200-day moving average of $15.83.
Smart & Final Stores (NYSE:SFS) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.01. The firm had revenue of $908.50 million for the quarter, compared to the consensus estimate of $934.14 million. During the same period last year, the business posted $0.10 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Equities analysts predict that Smart & Final Stores Inc. will post $0.75 earnings per share for the current fiscal year.
In related news, CEO David G. Hirz sold 36,647 shares of the company’s stock in a transaction dated 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 $2,136,619.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.