Boston Partners Grows Stake in Smart (SFS)
Boston Partners raised its holdings in shares of Smart (NYSE:SFS) by 73.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 929,980 shares of the company’s stock after buying an additional 394,100 shares during the period. Boston Partners owned about 1.26% of Smart worth $7,301,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Aperio Group LLC purchased a new stake in shares of Smart in the second quarter valued at $125,000. American International Group Inc. increased its stake in Smart by 7.1% in the 1st quarter. American International Group Inc. now owns 14,236 shares of the company’s stock worth $172,000 after buying an additional 940 shares during the period. Trexquant Investment LP purchased a new position in Smart in the 2nd quarter worth about $157,000. California Public Employees Retirement System purchased a new position in Smart in the 2nd quarter worth about $165,000. Finally, Verition Fund Management LLC purchased a new position in Smart during the 2nd quarter valued at about $173,000.
A number of research analysts have commented on the stock. Morgan Stanley cut their target price on shares of Smart from $7.50 to $7.00 and set an “underweight” rating on the stock in a research report on Thursday. Deutsche Bank AG lowered their price target on shares of Smart from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday. Loop Capital lowered their price target on shares of Smart from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday. BidaskClub cut shares of Smart from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $19.00 target price on shares of Smart in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Smart currently has a consensus rating of “Hold” and an average price target of $11.47.
In other Smart news, Director Joseph S. Tesoriero bought 5,000 shares of the stock in a transaction on Tuesday, September 12th. The shares were bought at an average price of $6.95 per share, with a total value of $34,750.00. Following the purchase, the director now directly owns 20,140 shares in the company, valued at approximately $139,973. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael A. Mortensen sold 19,304 shares of Smart stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $7.59, for a total transaction of $146,517.36. The disclosure for this sale can be found here. 8.47% of the stock is owned by insiders.
Smart (NYSE:SFS) opened at $7.65 on Friday. Smart has a 1 year low of $5.80 and a 1 year high of $15.45. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.32 and a current ratio of 0.99. The stock has a market cap of $536.65, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 1.26 and a beta of 0.25.
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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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