Smart (SFS) Given New $11.00 Price Target at Loop Capital
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.
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.
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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