Smart & Final (NYSE:SFS) was downgraded by investment analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report released on Friday, March 16th.
SFS has been the subject of a number of other reports. Zacks Investment Research lowered Smart & Final from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. TheStreet downgraded Smart & Final from a “c” rating to a “d+” rating in a research report on Wednesday, March 14th. Morgan Stanley cut their target price on Smart & Final from $8.00 to $7.50 and set an “underweight” rating for the company in a research report on Thursday, March 15th. ValuEngine upgraded Smart & Final from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, Loop Capital cut their price objective on Smart & Final from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, November 16th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $10.31.
Shares of NYSE:SFS traded down $0.05 during trading on Friday, hitting $5.30. The company’s stock had a trading volume of 797,203 shares, compared to its average volume of 695,494. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.34 and a current ratio of 0.97. Smart & Final has a fifty-two week low of $5.15 and a fifty-two week high of $13.95. The stock has a market cap of $391.77, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 4.03 and a beta of 1.17.
Smart & Final (NYSE:SFS) last announced its quarterly earnings data on Wednesday, March 14th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.04. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Smart & Final had a positive return on equity of 5.12% and a negative net margin of 3.04%. Smart & Final’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 earnings per share. equities research analysts predict that Smart & Final will post 0.3 EPS for the current year.
In other Smart & Final news, EVP Scott R. Drew sold 36,560 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $8.99, for a total transaction of $328,674.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 8.47% of the company’s stock.
Several large investors have recently modified their holdings of SFS. Schwab Charles Investment Management Inc. lifted its stake in shares of Smart & Final by 5.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 112,150 shares of the company’s stock valued at $959,000 after buying an additional 5,433 shares during the period. Teachers Advisors LLC lifted its stake in shares of Smart & Final by 8.9% in the fourth quarter. Teachers Advisors LLC now owns 72,361 shares of the company’s stock valued at $619,000 after buying an additional 5,899 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Smart & Final by 32.2% in the fourth quarter. Wells Fargo & Company MN now owns 40,303 shares of the company’s stock valued at $344,000 after buying an additional 9,823 shares during the period. Virtu Financial LLC bought a new stake in shares of Smart & Final in the fourth quarter valued at about $114,000. Finally, Neuberger Berman Group LLC lifted its stake in shares of Smart & Final by 28.1% in the third quarter. Neuberger Berman Group LLC now owns 66,540 shares of the company’s stock valued at $522,000 after buying an additional 14,600 shares during the period.
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About Smart & Final
Smart & Final Stores, Inc operates as a food retailer in the United States. It operates in two segments, Smart & Final, and Cash & Carry Smart Foodservice. The company operates non-membership warehouse-style grocery stores under the Smart & Final banner in California, Arizona, and Nevada, as well as under the Cash & Carry Smart Foodservice banner in Washington, Oregon, Northern California, Idaho, Nevada, Montana, and Utah.
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