Brandywine Global Investment Management LLC purchased a new position in shares of Smart & Final (NYSE:SFS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 986,275 shares of the company’s stock, valued at approximately $8,433,000. Brandywine Global Investment Management LLC owned about 1.35% of Smart & Final as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in Smart & Final during the 4th quarter worth approximately $114,000. Highbridge Capital Management LLC purchased a new position in Smart & Final in the 3rd quarter worth approximately $140,000. California Public Employees Retirement System purchased a new position in Smart & Final in the 2nd quarter worth approximately $165,000. JPMorgan Chase & Co. purchased a new stake in shares of Smart & Final in the 3rd quarter valued at $150,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Smart & Final in the 2nd quarter valued at $223,000.
Several research analysts have commented on the stock. ValuEngine lowered shares of Smart & Final from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Zacks Investment Research lowered shares of Smart & Final from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. Morgan Stanley decreased their price target on shares of Smart & Final from $8.00 to $7.50 and set an “underweight” rating for the company in a research note on Thursday, March 15th. TheStreet downgraded shares of Smart & Final from a “c” rating to a “d+” rating in a research report on Wednesday, March 14th. Finally, Barclays downgraded shares of Smart & Final from an “overweight” rating to an “equal weight” rating in a research report on Friday, March 16th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $10.31.
In related news, EVP Scott R. Drew sold 36,560 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $8.99, for a total value of $328,674.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.47% of the company’s stock.
NYSE SFS traded down $0.05 on Friday, reaching $5.30. 797,203 shares of the stock were exchanged, compared to its average volume of 695,494. The stock has a market cap of $391.77, a price-to-earnings ratio of 15.59, a PEG ratio of 4.03 and a beta of 1.17. The company has a current ratio of 0.97, a quick ratio of 0.34 and a debt-to-equity ratio of 1.53. Smart & Final has a one year low of $5.15 and a one year high of $13.95.
Smart & Final (NYSE:SFS) last released its quarterly earnings data on Wednesday, March 14th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. Smart & Final had a negative net margin of 3.04% and a positive return on equity of 5.12%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. sell-side analysts forecast that Smart & Final will post 0.3 EPS for the current year.
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Smart & Final Company Profile
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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