FY2017 EPS Estimates for Smart (SFS) Decreased by Analyst

Smart (NYSE:SFS) – Analysts at Oppenheimer Holdings dropped their FY2017 earnings per share estimates for Smart in a report released on Wednesday. Oppenheimer Holdings analyst R. Parikh now anticipates that the company will post earnings per share of $0.34 for the year, down from their prior estimate of $0.36. Oppenheimer Holdings also issued estimates for Smart’s Q4 2017 earnings at $0.11 EPS.

SFS has been the topic of a number of other reports. Loop Capital lowered their price objective on shares of Smart from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday. Morgan Stanley lowered their price objective on shares of Smart from $7.50 to $7.00 and set an “underweight” rating on the stock in a report on Thursday. Wells Fargo & Company initiated coverage on shares of Smart in a report on Friday, November 3rd. They issued an “outperform” rating and a $9.00 price objective on the stock. Zacks Investment Research cut shares of Smart from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Deutsche Bank AG decreased their target price on shares of Smart from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $11.47.

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Shares of Smart (SFS) opened at $8.05 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.92 and a debt-to-equity ratio of 1.11. Smart has a fifty-two week low of $5.80 and a fifty-two week high of $15.45. The stock has a market cap of $589.49, a P/E ratio of 28.75, a PEG ratio of 4.88 and a beta of 0.25.

Hedge funds have recently added to or reduced their stakes in the business. Aperio Group LLC bought a new position in Smart during the second quarter worth $125,000. American International Group Inc. boosted its position in Smart by 7.1% during the first quarter. American International Group Inc. now owns 14,236 shares of the company’s stock worth $172,000 after purchasing an additional 940 shares during the period. Trexquant Investment LP acquired a new stake in shares of Smart during the second quarter worth $157,000. Highbridge Capital Management LLC acquired a new stake in shares of Smart during the third quarter worth $140,000. Finally, California Public Employees Retirement System acquired a new stake in shares of Smart during the second quarter worth $165,000.

In related news, Director Joseph S. Tesoriero acquired 5,000 shares of Smart stock in a transaction on Tuesday, September 12th. The stock was purchased at an average cost of $6.95 per share, with a total value of $34,750.00. Following the completion of the transaction, the director now directly owns 20,140 shares in the company, valued at approximately $139,973. The purchase was disclosed in a document filed with the SEC, which is available through this link. 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. Insiders own 8.47% of the company’s stock.

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.

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