Smart & Final Stores Inc. (SFS) Sees Unusually-High Trading Volume
Shares of Smart & Final Stores Inc. (NYSE:SFS) saw strong trading volume on Monday . 390,270 shares changed hands during mid-day trading, an increase of 14% from the previous session’s volume of 343,608 shares.The stock last traded at $13.97 and had previously closed at $13.79.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Smart & Final Stores from a “hold” rating to a “sell” rating in a research note on Thursday, April 21st. Deutsche Bank AG reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Smart & Final Stores in a research note on Thursday, April 21st. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Smart & Final Stores in a research note on Saturday, April 30th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Smart & Final Stores in a research note on Monday, April 11th. Finally, RBC Capital Markets reissued an “outperform” rating and set a $21.00 price target on shares of Smart & Final Stores in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $18.44.
The company has a market capitalization of $1.05 billion and a price-to-earnings ratio of 38.45. The stock’s 50 day moving average is $15.21 and its 200-day moving average is $15.65.
Smart & Final Stores (NYSE:SFS) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.01. During the same period in the prior year, the firm earned $0.22 EPS. The business earned $1.04 billion during the quarter, compared to analyst estimates of $1.05 billion. The business’s revenue was up 14.3% on a year-over-year basis. On average, equities research analysts predict that Smart & Final Stores Inc. will post $0.65 earnings per share for the current fiscal year.
In other Smart & Final Stores news, EVP Scott R. Drew sold 25,000 shares of Smart & Final Stores stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $14.97, for a total transaction of $374,250.00. Following the completion of the transaction, the executive vice president now owns 48,185 shares in the company, valued at approximately $721,329.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David G. Hirz sold 36,647 shares of Smart & Final Stores 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 transaction, the chief executive officer now owns 131,242 shares of the company’s stock, 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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