Analysts Set Smart (SFS) PT at $19.83
Smart (NYSE:SFS) has been given a consensus recommendation of “Hold” by the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $19.83.
Several equities research analysts have issued reports on SFS shares. Zacks Investment Research raised Smart from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. TheStreet lowered Smart from a “c-” rating to a “d+” rating in a research note on Tuesday, July 18th. BidaskClub raised Smart from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Deutsche Bank AG reaffirmed a “buy” rating and set a $12.00 price target (down previously from $14.00) on shares of Smart in a research note on Wednesday, July 26th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $19.00 price target on shares of Smart in a research note on Friday, July 21st.
Smart (SFS) traded up 1.37% during trading on Friday, reaching $7.40. The company’s stock had a trading volume of 524,524 shares. The stock has a 50-day moving average price of $7.44 and a 200 day moving average price of $10.23. The company has a market cap of $547.75 million, a PE ratio of 61.67 and a beta of 0.31. Smart has a 52-week low of $6.60 and a 52-week high of $15.45.
Smart (NYSE:SFS) last issued its quarterly 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). Smart had a return on equity of 4.14% and a net margin of 0.21%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the firm earned $0.20 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts expect that Smart will post $0.49 EPS for the current year.
In related news, Director Joseph S. Tesoriero bought 5,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was bought at an average price of $6.95 per share, with a total value of $34,750.00. Following the purchase, the director now owns 20,140 shares in the company, valued at approximately $139,973. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael A. Mortensen sold 26,980 shares of the business’s stock in a transaction dated Thursday, July 6th. The shares were 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 directly owns 48,191 shares of the company’s stock, valued at approximately $398,057.66. The disclosure for this sale can be found here. Insiders own 8.47% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SFS. Aperio Group LLC bought a new stake in shares of Smart in the 2nd quarter valued at about $125,000. Trexquant Investment LP bought a new stake in shares of Smart in the 2nd quarter valued at about $157,000. California Public Employees Retirement System bought a new stake in shares of Smart in the 2nd quarter valued at about $165,000. American International Group Inc. lifted its stake in shares of Smart by 7.1% in the 1st quarter. American International Group Inc. now owns 14,236 shares of the company’s stock valued at $172,000 after acquiring an additional 940 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Smart in the 2nd quarter valued at about $173,000.
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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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