Brokerages Set Smart & Final Stores Inc (SFS) Price Target at $11.39

Shares of Smart & Final Stores Inc (NYSE:SFS) have earned an average recommendation of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $11.39.

SFS has been the topic of a number of analyst reports. Wells Fargo & Co initiated coverage on shares of Smart & Final Stores in a report on Friday, November 3rd. They issued an “outperform” rating and a $9.00 price objective on the stock. Loop Capital lowered their target price on shares of Smart & Final Stores from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, November 16th. Deutsche Bank lowered their target price on shares of Smart & Final Stores from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, November 16th. Morgan Stanley lowered their target price on shares of Smart & Final Stores from $7.50 to $7.00 and set an “underweight” rating on the stock in a research note on Thursday, November 16th. Finally, ValuEngine cut shares of Smart & Final Stores from a “hold” rating to a “sell” rating in a research note on Friday, November 17th.

In other news, VP Eleanor Hong sold 6,400 shares of Smart & Final Stores stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $8.00, for a total value of $51,200.00. Following the transaction, the vice president now owns 59,922 shares of the company’s stock, valued at approximately $479,376. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott R. Drew sold 54,840 shares of Smart & Final Stores stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $7.94, for a total transaction of $435,429.60. Following the completion of the transaction, the executive vice president now directly owns 98,488 shares in the company, valued at approximately $781,994.72. The disclosure for this sale can be found here. Insiders sold a total of 146,060 shares of company stock worth $1,141,887 in the last ninety days. Corporate insiders own 8.47% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in SFS. Dimensional Fund Advisors LP boosted its holdings in shares of Smart & Final Stores 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 period. Ameriprise Financial Inc. boosted its holdings in shares of Smart & Final Stores 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 period. Boston Partners boosted its holdings in shares of Smart & Final Stores by 73.5% in the third quarter. Boston Partners now owns 929,980 shares of the company’s stock worth $7,301,000 after buying an additional 394,100 shares during the period. Signia Capital Management LLC acquired a new position in shares of Smart & Final Stores in the third quarter worth about $2,487,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Smart & Final Stores 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 period.

Smart & Final Stores (SFS) traded down $0.15 during mid-day trading on Tuesday, hitting $8.55. 216,527 shares of the company were exchanged, compared to its average volume of 527,441. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.92. Smart & Final Stores has a 1-year low of $5.80 and a 1-year high of $15.45. The firm has a market cap of $629.77, a PE ratio of 85.51, a PEG ratio of 4.74 and a beta of 0.62.

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About Smart & Final Stores

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 & Final Stores (NYSE:SFS)

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