Smart & Final Stores (SFS) Trading Down 9.7% After Insider Selling

Smart & Final Stores Inc (NYSE:SFS) shares were down 9.7% on Tuesday after an insider sold shares in the company. The stock traded as low as $5.68 and last traded at $5.71. Approximately 466,070 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 450,712 shares. The stock had previously closed at $6.32.

Specifically, SVP Michael A. Mortensen sold 21,977 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $6.32, for a total transaction of $138,894.64. Following the completion of the sale, the senior vice president now owns 76,707 shares in the company, valued at $484,788.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Michael A. Mortensen sold 21,976 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $5.62, for a total transaction of $123,505.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,930 shares of company stock valued at $375,362. 9.63% of the stock is owned by insiders.

SFS has been the subject of several recent research reports. ValuEngine upgraded shares of Smart & Final Stores from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 15th. Zacks Investment Research upgraded shares of Smart & Final Stores from a “hold” rating to a “buy” rating and set a $7.50 price target for the company in a research report on Tuesday, November 20th. Finally, Deutsche Bank lowered shares of Smart & Final Stores from a “buy” rating to a “hold” rating and lowered their price target for the stock from $9.00 to $6.00 in a research report on Tuesday, October 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $7.25.

The stock has a market capitalization of $481.89 million, a P/E ratio of 16.79, a PEG ratio of 6.52 and a beta of 1.35. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 1.49.

Smart & Final Stores (NYSE:SFS) last released its quarterly earnings results on Wednesday, November 14th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.51 billion. Smart & Final Stores had a negative net margin of 2.91% and a positive return on equity of 7.00%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. Sell-side analysts forecast that Smart & Final Stores Inc will post 0.32 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. FMR LLC acquired a new stake in Smart & Final Stores in the second quarter worth about $9,822,000. BlackRock Inc. lifted its holdings in Smart & Final Stores by 85.7% in the second quarter. BlackRock Inc. now owns 3,172,824 shares of the company’s stock worth $17,610,000 after purchasing an additional 1,464,373 shares during the period. Royce & Associates LP acquired a new stake in Smart & Final Stores in the third quarter worth about $5,687,000. Cove Street Capital LLC acquired a new stake in Smart & Final Stores in the second quarter worth about $5,257,000. Finally, Bank of America Corp DE lifted its holdings in Smart & Final Stores by 1,755.2% in the second quarter. Bank of America Corp DE now owns 520,943 shares of the company’s stock worth $2,891,000 after purchasing an additional 492,863 shares during the period. Institutional investors and hedge funds own 94.11% of the company’s stock.

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About Smart & Final Stores (NYSE:SFS)

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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