Analysts Set Smart (SFS) Price Target at $12.81

Smart (NYSE:SFS) has received a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $12.81.

A number of research firms have recently weighed in on SFS. Wells Fargo & Company began coverage on shares of Smart in a report on Friday, November 3rd. They issued an “outperform” rating and a $9.00 target price on the stock. Zacks Investment Research downgraded shares of Smart from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Citigroup Inc. restated a “neutral” rating and issued a $8.50 target price (down from $10.00) on shares of Smart in a report on Friday, August 11th. Royal Bank of Canada restated an “outperform” rating and issued a $19.00 target price on shares of Smart in a report on Friday, July 21st. Finally, BidaskClub downgraded shares of Smart from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th.

In other Smart news, SVP Michael A. Mortensen sold 19,304 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $7.59, for a total value of $146,517.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph S. Tesoriero acquired 5,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was bought 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 owns 20,140 shares in the company, valued at $139,973. The disclosure for this purchase can be found here. 8.47% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Aperio Group LLC purchased a new stake in shares of Smart in the 2nd quarter worth approximately $125,000. JPMorgan Chase & Co. purchased a new stake in shares of Smart in the 3rd quarter worth approximately $150,000. Trexquant Investment LP purchased a new stake in shares of Smart in the 2nd quarter worth approximately $157,000. California Public Employees Retirement System purchased a new stake in shares of Smart in the 2nd quarter worth approximately $165,000. Finally, American International Group Inc. raised its stake in shares of Smart by 7.1% during the 1st quarter. American International Group Inc. now owns 14,236 shares of the company’s stock worth $172,000 after acquiring an additional 940 shares in the last quarter.

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Smart (SFS) traded up $0.20 during trading on Monday, hitting $7.25. 410,000 shares of the stock were exchanged, compared to its average volume of 513,685. Smart has a 12-month low of $5.80 and a 12-month high of $15.45. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.32 and a current ratio of 0.99. The company has a market cap of $521.84, a P/E ratio of 22.74, a PEG ratio of 1.22 and a beta of 0.25.

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)

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