Smart & Final Stores Inc. (SFS) Shares Up 1.8%
Smart & Final Stores Inc. (NYSE:SFS) shot up 1.8% on Tuesday . The stock traded as high as $14.42 and last traded at $14.41, with a volume of 183,403 shares traded. The stock had previously closed at $14.15.
Several research firms have recently weighed in on SFS. 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 reissued a “buy” rating and set a $20.00 price objective on shares of Smart & Final Stores in a research note on Thursday, April 21st. Royal Bank Of Canada reissued a “buy” rating on shares of Smart & Final Stores in a research note on Saturday, April 30th. Credit Suisse Group AG reissued a “hold” rating on shares of Smart & Final Stores in a research note on Monday, April 11th. Finally, TheStreet lowered Smart & Final Stores from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. Smart & Final Stores has a consensus rating of “Hold” and a consensus target price of $18.10.
The stock has a 50 day moving average of $15.15 and a 200 day moving average of $15.62. The stock has a market capitalization of $1.08 billion and a price-to-earnings ratio of 39.70.
Smart & Final Stores (NYSE:SFS) last announced its earnings results 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. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm posted $0.22 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. Equities research analysts predict that Smart & Final Stores Inc. will post $0.56 EPS for the current year.
In other Smart & Final Stores news, CEO David G. Hirz sold 36,647 shares of the business’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $16.28, for a total transaction of $596,613.16. Following the sale, the chief executive officer now directly owns 131,242 shares of the company’s stock, valued at approximately $2,136,619.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott R. Drew sold 25,000 shares of the business’s 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 sale, the executive vice president now directly owns 48,185 shares in the company, valued at $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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