Smart (SFS) Stock Rating Lowered by BidaskClub
BidaskClub cut shares of Smart (NYSE:SFS) from a hold rating to a sell rating in a report issued on Tuesday morning.
A number of other equities analysts have also recently commented on SFS. Zacks Investment Research raised Smart from a sell rating to a hold rating in a report on Wednesday, April 19th. Royal Bank Of Canada reissued an outperform rating and set a $19.00 price target on shares of Smart in a report on Thursday, May 4th. Loop Capital started coverage on Smart in a report on Monday, May 15th. They set a buy rating and a $17.00 price target for the company. Morgan Stanley reissued an underweight rating and set a $8.00 price target (down previously from $11.00) on shares of Smart in a report on Monday, June 19th. Finally, TheStreet cut Smart from a c- rating to a d+ rating in a report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $19.97.
Shares of Smart (NYSE SFS) traded down 3.61% on Tuesday, hitting $8.00. The stock had a trading volume of 208,119 shares. Smart has a 52 week low of $7.45 and a 52 week high of $15.45. The stock’s 50-day moving average price is $8.41 and its 200 day moving average price is $11.91. The company has a market cap of $592.16 million, a PE ratio of 66.67 and a beta of 0.28.
Smart (NYSE:SFS) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.04. Smart had a return on equity of 4.14% and a net margin of 0.21%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the firm posted $0.20 EPS. Smart’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts predict that Smart will post $0.49 EPS for the current year.
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In related news, SVP Michael A. Mortensen sold 26,980 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $8.86, for a total transaction of $239,042.80. Following the sale, the senior vice president now owns 48,191 shares in the company, valued at approximately $426,972.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott R. Drew sold 21,000 shares of the business’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $13.02, for a total value of $273,420.00. Following the sale, the executive vice president now owns 64,648 shares in the company, valued at approximately $841,716.96. The disclosure for this sale can be found here. Insiders have sold a total of 101,940 shares of company stock worth $1,097,389 in the last 90 days. 8.47% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of SFS. Atria Investments LLC raised its stake in Smart by 4.0% in the first quarter. Atria Investments LLC now owns 12,424 shares of the company’s stock valued at $150,000 after buying an additional 477 shares during the period. Aperio Group LLC bought a new stake in Smart during the second quarter valued at $125,000. American International Group Inc. raised its stake in Smart by 7.1% in the first quarter. American International Group Inc. now owns 14,236 shares of the company’s stock valued at $172,000 after buying an additional 940 shares during the period. Trexquant Investment LP bought a new stake in Smart during the second quarter valued at $157,000. Finally, Suntrust Banks Inc. raised its stake in Smart by 41.7% in the first quarter. Suntrust Banks Inc. now owns 24,942 shares of the company’s stock valued at $301,000 after buying an additional 7,344 shares during the period.
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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