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

Zacks Investment Research cut shares of Smart & Final Stores (NYSE:SFS) from a hold rating to a sell rating in a research report released on Thursday.

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 topic of several other research reports. Morgan Stanley dropped their target price on Smart & Final Stores from $6.50 to $4.50 and set an underweight rating on the stock in a research report on Wednesday, June 20th. ValuEngine cut Smart & Final Stores from a sell rating to a strong sell rating in a research report on Wednesday, September 26th. Deutsche Bank cut Smart & Final Stores from a buy rating to a hold rating and dropped their target price for the company from $9.00 to $6.00 in a research report on Tuesday, October 9th. Finally, Citigroup assumed coverage on Smart & Final Stores in a research report on Friday, July 6th. They set a neutral rating on the stock. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $7.36.

SFS traded down $0.10 during trading on Thursday, hitting $5.17. 8,454 shares of the stock were exchanged, compared to its average volume of 352,882. The company has a market capitalization of $398.57 million, a P/E ratio of 15.38, a PEG ratio of 1.66 and a beta of 1.28. Smart & Final Stores has a 1 year low of $4.45 and a 1 year high of $10.00. The company has a quick ratio of 0.30, a current ratio of 0.97 and a debt-to-equity ratio of 1.52.

Smart & Final Stores (NYSE:SFS) last released its quarterly earnings data on Wednesday, July 25th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. Smart & Final Stores had a positive return on equity of 5.62% and a negative net margin of 3.04%. Smart & Final Stores’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. Equities analysts anticipate that Smart & Final Stores will post 0.29 earnings per share for the current year.

In other Smart & Final Stores news, SVP Michael A. Mortensen sold 21,976 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of $5.62, for a total transaction of $123,505.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 9.63% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in Smart & Final Stores during the 1st quarter valued at $111,000. Globeflex Capital L P acquired a new stake in shares of Smart & Final Stores in the 2nd quarter worth $119,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Smart & Final Stores in the 2nd quarter worth $168,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Smart & Final Stores in the 2nd quarter worth $257,000. Finally, Engineers Gate Manager LP boosted its position in shares of Smart & Final Stores by 33.0% in the 2nd quarter. Engineers Gate Manager LP now owns 54,115 shares of the company’s stock worth $300,000 after purchasing an additional 13,424 shares in the last quarter. 93.25% of the stock is currently owned by institutional investors and hedge funds.

Smart & Final Stores 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's stores offer fresh perishables and everyday grocery items, such as produce, meat and deli, dairy and cheese, grocery, and beverage products, as well as paper and packaging, and restaurant equipment and janitorial supplies.

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