TheStreet Lowers Smart (SFS) to D+
A number of other equities analysts have also recently commented on SFS. Zacks Investment Research cut shares of Smart from a hold rating to a sell rating in a research note on Tuesday, May 2nd. Morgan Stanley reiterated an underweight rating and set a $8.00 price objective (down previously from $11.00) on shares of Smart in a report on Monday, June 19th. Royal Bank Of Canada reiterated a buy rating and set a $19.00 price objective on shares of Smart in a report on Thursday, May 18th. Loop Capital initiated coverage on shares of Smart in a report on Monday, May 15th. They issued a buy rating and a $17.00 price target for the company. Finally, BidaskClub lowered shares of Smart from a sell rating to a strong sell rating in a report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Smart currently has a consensus rating of Hold and a consensus target price of $20.50.
Smart (SFS) opened at 8.00 on Tuesday. The stock has a market capitalization of $585.69 million, a price-to-earnings ratio of 59.70 and a beta of 0.30. Smart has a 12 month low of $7.45 and a 12 month high of $15.88. The company has a 50-day moving average of $9.86 and a 200 day moving average of $12.35.
In other Smart news, SVP Michael A. Mortensen sold 26,980 shares of the stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $8.26, for a total transaction of $222,854.80. Following the completion of the transaction, the senior vice president now owns 48,191 shares of the company’s stock, valued at $398,057.66. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Scott R. Drew sold 21,000 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $13.02, for a total transaction of $273,420.00. Following the transaction, the executive vice president now directly owns 64,648 shares of the company’s stock, valued at approximately $841,716.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,940 shares of company stock valued at $1,097,389. 8.47% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in SFS. State Street Corp raised its position in shares of Smart by 11.0% in the fourth quarter. State Street Corp now owns 582,639 shares of the company’s stock valued at $8,214,000 after buying an additional 57,747 shares during the period. Dimensional Fund Advisors LP raised its position in Smart by 37.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 442,587 shares of the company’s stock worth $6,240,000 after buying an additional 120,835 shares during the period. Renaissance Technologies LLC purchased a new position in Smart during the fourth quarter worth $533,000. Hudson Bay Capital Management LP purchased a new position in Smart during the fourth quarter worth $1,410,000. Finally, Teachers Advisors LLC raised its position in Smart by 17.2% in the fourth quarter. Teachers Advisors LLC now owns 40,430 shares of the company’s stock worth $570,000 after buying an additional 5,929 shares during the period.
Smart Company Profile
Smart & Final Stores, Inc is a food retailer. The Company is engaged in the business of selling fresh perishables and everyday grocery items, together with foodservice, packaging and janitorial products. The Company operates through two segments: Smart & Final, and Cash and Carry. The Smart & Final segment focuses on both household and business customers.
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