Smart & Final Stores Inc. (SFS) Upgraded by Zacks Investment Research to Hold

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Smart & Final Stores Inc. (NYSE:SFS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
According to Zacks, “Smart & Final Stores, Inc. is a value-oriented food and everyday staples retailer that serves household and business customers. It operates grocery and foodservice stores under the Smart & Final, Smart & Final Extra! and Cash & Carry Smart Foodservice banners in California, Oregon, Washington, Arizona, Nevada, Idaho. The Company’s stores offer various products, including basic grocery, produce, dairy, meat, beverage, foodservice, packaging, and janitorial items. Smart & Final Stores, Inc. is headquartered in Los Angeles. “
Several other analysts also recently weighed in on the company. RBC Capital Markets restated a “buy” rating and set a $21.00 price objective on shares of Smart & Final Stores in a research report on Friday, July 22nd. Deutsche Bank AG lowered their target price on Smart & Final Stores from $20.00 to $17.00 and set a “buy” rating for the company in a report on Friday, July 29th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $15.00 price target (down previously from $18.00) on shares of Smart & Final Stores in a research note on Sunday, July 31st. Royal Bank Of Canada reissued an “outperform” rating and issued a $21.00 price target on shares of Smart & Final Stores in a research note on Monday, August 1st. Finally, TheStreet cut Smart & Final Stores from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Smart & Final Stores currently has an average rating of “Hold” and an average target price of $17.64.

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Shares of Smart & Final Stores (NYSE:SFS) traded down 1.54% during mid-day trading on Wednesday, hitting $12.75. The stock had a trading volume of 316,409 shares. Smart & Final Stores has a 1-year low of $12.16 and a 1-year high of $18.67. The company has a market capitalization of $942.26 million, a P/E ratio of 34.65 and a beta of 0.05. The stock’s 50-day moving average price is $13.85 and its 200 day moving average price is $15.23.
Smart & Final Stores (NYSE:SFS) last released its earnings results on Thursday, July 28th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by $0.01. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. Smart & Final Stores had a net margin of 0.67% and a return on equity of 8.36%. The business’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. On average, analysts predict that Smart & Final Stores will post $0.56 EPS for the current fiscal year.
In related news, EVP Scott R. Drew sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $14.97, for a total transaction of $374,250.00. Following the completion of the sale, the executive vice president now owns 48,185 shares of the company’s stock, valued at $721,329.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott R. Drew sold 23,084 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $14.98, for a total value of $345,798.32. Following the sale, the executive vice president now directly owns 48,185 shares of the company’s stock, valued at approximately $721,811.30. The disclosure for this sale can be found here. Corporate insiders own 8.97% of the company’s stock.
Other large investors have added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in Smart & Final Stores by 49.9% in the first quarter. Envestnet Asset Management Inc. now owns 7,347 shares of the company’s stock valued at $119,000 after buying an additional 2,446 shares in the last quarter. Independent Portfolio Consultants Inc. raised its position in shares of Smart & Final Stores by 11.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 10,475 shares of the company’s stock valued at $156,000 after buying an additional 1,045 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Smart & Final Stores by 92.8% in the first quarter. Goldman Sachs Group Inc. now owns 31,724 shares of the company’s stock valued at $514,000 after buying an additional 15,273 shares during the last quarter. BlackRock Inc. raised its position in shares of Smart & Final Stores by 1.6% in the first quarter. BlackRock Inc. now owns 62,972 shares of the company’s stock valued at $1,020,000 after buying an additional 986 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Smart & Final Stores by 31.2% in the first quarter. Renaissance Technologies LLC now owns 129,900 shares of the company’s stock valued at $2,104,000 after buying an additional 30,900 shares during the last quarter. 98.48% of the stock is owned by institutional investors and hedge funds.
Smart & Final Stores Company Profile
Smart & Final Stores, Inc is a food retailer. The Company serves household and business customers through approximately two store banners, including Smart & Final and Cash & Carry. The Company operates through two business segments: Smart & Final and Cash & Carry. The Smart & Final segment is based in Commerce, California and includes over 90 legacy Smart & Final stores and approximately 130 Extra! format stores, which focus on household and business customers and are located in California, Arizona and Nevada.
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