Smart & Final (NYSE:SFS) had its price objective lowered by equities researchers at Morgan Stanley from $8.00 to $7.50 in a research report issued on Thursday, March 15th. The brokerage presently has an “underweight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 41.51% from the company’s previous close.
SFS has been the topic of a number of other research reports. Loop Capital lowered their target price on Smart & Final 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 price objective on Smart & Final from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, November 16th. ValuEngine upgraded Smart & Final from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Zacks Investment Research lowered Smart & Final from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. Finally, Barclays upgraded Smart & Final from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $8.00 to $12.00 in a research note on Tuesday, January 16th. Four 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 currently has a consensus rating of “Hold” and a consensus price target of $10.31.
Shares of SFS traded down $0.05 during mid-day trading on Thursday, reaching $5.30. The company’s stock had a trading volume of 797,203 shares, compared to its average volume of 695,494. The stock has a market cap of $388.11, a price-to-earnings ratio of 15.59, a PEG ratio of 3.99 and a beta of 1.17. The company has a quick ratio of 0.34, a current ratio of 0.97 and a debt-to-equity ratio of 1.53. Smart & Final has a 1-year low of $5.15 and a 1-year high of $13.95.
Smart & Final (NYSE:SFS) last announced its earnings results on Wednesday, March 14th. The company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.04. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. Smart & Final had a positive return on equity of 5.12% and a negative net margin of 3.04%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 earnings per share. analysts expect that Smart & Final will post 0.3 earnings per share for the current year.
In other news, EVP Scott R. Drew sold 36,560 shares of Smart & Final stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $8.99, for a total value of $328,674.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 8.47% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in shares of Smart & Final during the 4th quarter valued at $114,000. Highbridge Capital Management LLC acquired a new stake in shares of Smart & Final during the 3rd quarter valued at $140,000. California Public Employees Retirement System acquired a new stake in shares of Smart & Final during the 2nd quarter valued at $165,000. JPMorgan Chase & Co. acquired a new stake in shares of Smart & Final during the 3rd quarter valued at $150,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Smart & Final during the 2nd quarter valued at $223,000.
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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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