Smart (SFS) Upgraded to Hold by ValuEngine

ValuEngine upgraded shares of Smart (NYSE:SFS) from a sell rating to a hold rating in a report published on Tuesday morning.

Other equities research analysts also recently issued reports about the company. Deutsche Bank decreased their price target on Smart from $12.00 to $10.00 and set a buy rating for the company in a report on Thursday, November 16th. Loop Capital decreased their price target on Smart from $15.00 to $11.00 and set a buy rating for the company in a report on Thursday, November 16th. Zacks Investment Research downgraded Smart from a buy rating to a hold rating in a report on Friday, August 11th. Citigroup reaffirmed a neutral rating and set a $8.50 price target (down from $10.00) on shares of Smart in a report on Friday, August 11th. Finally, J P Morgan Chase & Co initiated coverage on Smart in a report on Tuesday. They set a neutral rating and a $9.00 price target for the company. Three analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $11.23.

Shares of Smart (SFS) traded down $0.70 during midday trading on Tuesday, hitting $8.80. The company had a trading volume of 650,300 shares, compared to its average volume of 530,971. The company has a current ratio of 0.92, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. Smart has a 52-week low of $5.80 and a 52-week high of $15.45. The firm has a market capitalization of $695.67, a P/E ratio of 33.93, a PEG ratio of 5.23 and a beta of 0.62.

In other Smart news, VP Eleanor Hong sold 6,400 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $8.00, for a total value of $51,200.00. Following the completion of the sale, the vice president now owns 59,922 shares of the company’s stock, valued at $479,376. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Michael A. Mortensen sold 9,652 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $8.86, for a total value of $85,516.72. Following the completion of the sale, the senior vice president now directly owns 30,863 shares of the company’s stock, valued at approximately $273,446.18. The disclosure for this sale can be found here. In the last three months, insiders sold 109,500 shares of company stock valued at $836,611. 8.47% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its position in shares of Smart by 8.1% in the second quarter. Victory Capital Management Inc. now owns 3,229,048 shares of the company’s stock valued at $29,384,000 after buying an additional 242,135 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Smart by 10.3% in the second quarter. Franklin Resources Inc. now owns 3,026,922 shares of the company’s stock valued at $27,545,000 after buying an additional 282,997 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Smart by 4.7% in the second quarter. Vanguard Group Inc. now owns 2,386,074 shares of the company’s stock valued at $21,714,000 after buying an additional 107,655 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Smart by 48.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,667,686 shares of the company’s stock valued at $13,091,000 after buying an additional 545,814 shares in the last quarter. Finally, Boston Partners increased its position in shares of Smart by 73.5% in the third quarter. Boston Partners now owns 929,980 shares of the company’s stock valued at $7,301,000 after buying an additional 394,100 shares in the last quarter.

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Smart Company Profile

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)

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