Smart (NYSE:SFS) had its target price lowered by Loop Capital from $15.00 to $11.00 in a report published on Thursday. The firm currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Smart from a hold rating to a buy rating and set a $9.75 target price for the company in a research note on Tuesday, August 1st. Deutsche Bank AG restated a buy rating and set a $12.00 target price (down from $14.00) on shares of Smart in a research note on Wednesday, July 26th. BidaskClub raised shares of Smart from a sell rating to a hold rating in a research report on Wednesday, August 2nd. Citigroup Inc. reaffirmed a neutral rating and set a $8.50 price target (down previously from $10.00) on shares of Smart in a research report on Friday, August 11th. Finally, Wells Fargo & Company initiated coverage on shares of Smart in a research report on Friday, November 3rd. They set an outperform rating and a $9.00 price target on the stock. Three equities research 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. The stock has a consensus rating of Hold and a consensus target price of $11.47.

Shares of Smart (SFS) opened at $8.05 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.92. The firm has a market capitalization of $589.49, a PE ratio of 28.75, a PEG ratio of 4.88 and a beta of 0.25. Smart has a 52 week low of $5.80 and a 52 week high of $15.45.

ILLEGAL ACTIVITY WARNING: “Smart (SFS) Given New $11.00 Price Target at Loop Capital” was reported by Daily Political and is the property of of Daily Political. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The original version of this article can be accessed at https://www.dailypolitical.com/2017/11/20/smart-sfs-given-new-11-00-price-target-at-loop-capital.html.

In related news, Director Joseph S. Tesoriero acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were acquired at an average price of $6.95 per share, for a total transaction of $34,750.00. Following the completion of the purchase, the director now directly owns 20,140 shares of the company’s stock, valued at $139,973. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Michael A. Mortensen sold 19,304 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were 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. Insiders own 8.47% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in Smart by 48.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,667,686 shares of the company’s stock worth $13,091,000 after buying an additional 545,814 shares during the last quarter. Boston Partners acquired a new position in Smart in the second quarter worth approximately $4,876,000. Ameriprise Financial Inc. grew its position in Smart by 1,762.8% in the third quarter. Ameriprise Financial Inc. now owns 455,170 shares of the company’s stock worth $3,574,000 after buying an additional 430,735 shares during the last quarter. Signia Capital Management LLC acquired a new position in Smart in the third quarter worth approximately $2,487,000. Finally, Franklin Resources Inc. grew its position in Smart by 10.3% in the second quarter. Franklin Resources Inc. now owns 3,026,922 shares of the company’s stock worth $27,545,000 after buying an additional 282,997 shares during the last quarter.

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.

Analyst Recommendations for Smart (NYSE:SFS)

Receive News & Ratings for Smart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart and related companies with MarketBeat.com's FREE daily email newsletter.