Smart & Final Stores Inc. (SFS) Shares Down 3.5%
Shares of Smart & Final Stores Inc. (NYSE:SFS) were down 3.5% during mid-day trading on Tuesday . The company traded as low as $13.18 and last traded at $13.60, with a volume of 436,478 shares traded. The stock had previously closed at $14.10.
A number of analysts have recently issued reports on SFS shares. Deutsche Bank AG reissued a “buy” rating and issued a $20.00 price objective on shares of Smart & Final Stores in a research note on Thursday, April 21st. Zacks Investment Research cut shares of Smart & Final Stores from a “hold” rating to a “sell” rating in a research note on Thursday, April 21st. Piper Jaffray Cos. reissued an “overweight” rating and issued a $15.00 price objective (down from $18.00) on shares of Smart & Final Stores in a research note on Sunday, July 31st. Citigroup Inc. reduced their price objective on shares of Smart & Final Stores from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, August 2nd. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $21.00 price objective on shares of Smart & Final Stores in a research note on Monday, August 1st. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $17.64.
The firm’s 50-day moving average is $14.87 and its 200-day moving average is $15.54. The company has a market capitalization of $1.01 billion and a P/E ratio of 37.01.
Smart & Final Stores (NYSE:SFS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by $0.01. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the firm posted $0.22 EPS. Equities analysts predict that Smart & Final Stores Inc. will post $0.56 EPS for the current fiscal year.
In other Smart & Final Stores news, EVP Scott R. Drew sold 23,084 shares of Smart & Final Stores stock in a transaction that occurred on Friday, July 1st. The shares were 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 in the company, valued at approximately $721,811.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Scott R. Drew sold 25,000 shares of Smart & Final Stores stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $14.97, for a total transaction of $374,250.00. Following the sale, the executive vice president now owns 48,185 shares of the company’s stock, 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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