Smart (NYSE:SFS)’s share price shot up 5.7% on Wednesday . The stock traded as high as $7.53 and last traded at $7.45. 808,791 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 781,461 shares. The stock had previously closed at $7.05.

A number of research firms have recently commented on SFS. Royal Bank Of Canada restated a “buy” rating and issued a $19.00 price objective on shares of Smart in a research report on Thursday, May 18th. Loop Capital began coverage on shares of Smart in a research report on Monday, May 15th. They issued a “buy” rating and a $17.00 price objective for the company. Morgan Stanley restated an “underweight” rating and issued a $8.00 price objective (down from $11.00) on shares of Smart in a research report on Monday, June 19th. Zacks Investment Research upgraded shares of Smart from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, BidaskClub upgraded shares of Smart from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.83.

The company’s 50-day moving average price is $7.72 and its 200-day moving average price is $10.72. The stock has a market capitalization of $551.45 million, a P/E ratio of 62.08 and a beta of 0.31.

Smart (NYSE:SFS) last released its earnings results on Tuesday, July 25th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.04. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Smart had a return on equity of 4.14% and a net margin of 0.21%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 earnings per share. Equities research analysts predict that Smart will post $0.49 EPS for the current fiscal year.

In other Smart news, SVP Michael A. Mortensen sold 26,980 shares of the stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 48,191 shares of the company’s stock, valued at approximately $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 that occurred on Monday, June 12th. The shares were sold at an average price of $13.02, for a total transaction of $273,420.00. Following the sale, the executive vice president now directly owns 64,648 shares of the company’s stock, valued at $841,716.96. The disclosure for this sale can be found here. Insiders sold a total of 74,960 shares of company stock valued at $735,318 over the last three months. 8.47% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Credit Suisse AG grew its holdings in Smart by 0.4% during the 1st quarter. Credit Suisse AG now owns 46,587 shares of the company’s stock valued at $563,000 after buying an additional 193 shares in the last quarter. American International Group Inc. grew its holdings in Smart by 7.1% during the 1st 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 in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Smart by 1.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 100,397 shares of the company’s stock valued at $914,000 after buying an additional 1,030 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Smart by 2.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 79,948 shares of the company’s stock valued at $728,000 after buying an additional 1,690 shares in the last quarter. Finally, Keybank National Association OH grew its holdings in Smart by 2.9% during the 2nd quarter. Keybank National Association OH now owns 82,700 shares of the company’s stock valued at $753,000 after buying an additional 2,327 shares in the last quarter.

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About Smart

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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