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

SFS has been the topic of several research reports. Zacks Investment Research upgraded shares of Smart from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Morgan Stanley reiterated an “underweight” rating and issued a $8.00 price objective (down from $11.00) on shares of Smart in a report on Monday, June 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $19.00 price objective on shares of Smart in a report on Thursday, May 18th. TheStreet downgraded shares of Smart from a “c-” rating to a “d+” rating in a report on Tuesday, July 18th. Finally, BidaskClub downgraded shares of Smart from a “sell” rating to a “strong sell” rating in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $18.83.

The firm has a market capitalization of $558.85 million, a P/E ratio of 62.92 and a beta of 0.31. The stock’s 50 day moving average price is $7.72 and its 200 day moving average price is $10.67.

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

In related news, SVP Michael A. Mortensen sold 26,980 shares of Smart stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $8.26, for a total value of $222,854.80. Following the completion of the sale, the senior vice president now 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 hyperlink. Also, EVP Scott R. Drew sold 21,000 shares of Smart stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $13.02, for a total value of $273,420.00. Following the completion of the sale, 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 three months, insiders sold 74,960 shares of company stock valued at $735,318. 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 stock. Wellington Management Group LLP increased its holdings in Smart by 50.5% in the 1st quarter. Wellington Management Group LLP now owns 7,771,127 shares of the company’s stock worth $94,031,000 after acquiring an additional 2,608,286 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Smart by 8.1% in the 2nd quarter. Victory Capital Management Inc. now owns 3,229,048 shares of the company’s stock worth $29,384,000 after acquiring an additional 242,135 shares during the last quarter. Franklin Resources Inc. increased its holdings in Smart by 10.3% in the 2nd quarter. Franklin Resources Inc. now owns 3,026,922 shares of the company’s stock worth $27,545,000 after acquiring an additional 282,997 shares during the last quarter. Vanguard Group Inc. increased its holdings in Smart by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,386,074 shares of the company’s stock worth $21,714,000 after acquiring an additional 107,655 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Smart by 50.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,121,872 shares of the company’s stock worth $10,209,000 after acquiring an additional 377,326 shares during the last quarter.

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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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