Smart & Final Stores (SFS) Downgraded to Sell at Zacks Investment Research

Smart & Final Stores (NYSE:SFS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

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. “

SFS has been the subject of several other reports. Deutsche Bank cut their price objective on Smart & Final Stores from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, November 16th. Loop Capital cut their price objective on Smart & Final Stores from $15.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, November 16th. ValuEngine upgraded Smart & Final Stores from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. JPMorgan Chase & Co. assumed coverage on Smart & Final Stores in a research note on Tuesday, December 5th. They set a “neutral” rating and a $9.00 price objective for the company. Finally, Wells Fargo & Co assumed coverage on Smart & Final Stores in a research note on Friday, November 3rd. They set an “outperform” rating and a $9.00 price objective for the company. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $11.30.

Shares of Smart & Final Stores (NYSE:SFS) traded up $0.25 during trading on Tuesday, hitting $8.80. The company had a trading volume of 60,272 shares, compared to its average volume of 366,401. 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 & Final Stores has a 1 year low of $5.80 and a 1 year high of $15.40. The stock has a market cap of $651.73, a price-to-earnings ratio of 87.51, a PEG ratio of 4.15 and a beta of 0.73.

Smart & Final Stores (NYSE:SFS) last announced its quarterly earnings results on Wednesday, November 15th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.05). Smart & Final Stores had a net margin of 0.16% and a return on equity of 3.69%. sell-side analysts anticipate that Smart & Final Stores will post 0.33 earnings per share for the current fiscal year.

In other news, EVP Scott R. Drew sold 36,560 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $8.35, for a total value of $305,276.00. Following the completion of the sale, the executive vice president now directly owns 141,660 shares in the company, valued at $1,182,861. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott R. Drew sold 54,840 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $7.94, for a total value of $435,429.60. Following the completion of the sale, the executive vice president now owns 98,488 shares of the company’s stock, valued at $781,994.72. The disclosure for this sale can be found here. Insiders sold 144,012 shares of company stock valued at $1,206,097 over the last 90 days. Company insiders own 8.47% of the company’s stock.

Several hedge funds have recently bought and sold shares of SFS. Dimensional Fund Advisors LP grew its position 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 valued at $13,091,000 after purchasing an additional 545,814 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Smart & Final Stores by 1,762.8% in the third quarter. Ameriprise Financial Inc. now owns 455,170 shares of the company’s stock valued at $3,574,000 after acquiring an additional 430,735 shares during the last quarter. Boston Partners lifted its holdings in Smart & Final Stores 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 acquiring an additional 394,100 shares during the last quarter. Signia Capital Management LLC acquired a new position in Smart & Final Stores in the third quarter valued at approximately $2,487,000. Finally, Vanguard Group Inc. lifted its holdings in Smart & Final Stores 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 acquiring an additional 107,655 shares during the last quarter.

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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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