Bank of America Corp DE lowered its stake in shares of Smart (NYSE:SFS) by 74.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,296 shares of the company’s stock after selling 84,923 shares during the period. Bank of America Corp DE’s holdings in Smart were worth $354,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP increased its position in shares of Smart by 50.5% in the first quarter. Wellington Management Group LLP now owns 7,771,127 shares of the company’s stock valued at $94,031,000 after buying an additional 2,608,286 shares in the last quarter. Hood River Capital Management LLC purchased a new position in shares of Smart during the first quarter valued at $7,762,000. Dimensional Fund Advisors LP increased its position in shares of Smart by 68.2% in the first quarter. Dimensional Fund Advisors LP now owns 744,546 shares of the company’s stock valued at $9,009,000 after buying an additional 301,959 shares in the last quarter. United Services Automobile Association increased its position in shares of Smart by 22.3% in the first quarter. United Services Automobile Association now owns 723,190 shares of the company’s stock valued at $8,751,000 after buying an additional 131,800 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Smart by 4.5% in the first quarter. Vanguard Group Inc. now owns 2,278,419 shares of the company’s stock valued at $27,569,000 after buying an additional 97,761 shares in the last quarter.

Smart (NYSE SFS) traded down 1.799% on Tuesday, hitting $6.825. 63,945 shares of the stock were exchanged. The stock’s 50 day moving average price is $7.88 and its 200 day moving average price is $11.14. The firm has a market cap of $505.19 million, a PE ratio of 56.875 and a beta of 0.28. Smart has a 52-week low of $6.80 and a 52-week high of $15.45.

Smart (NYSE:SFS) last released its quarterly earnings data on Tuesday, July 25th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.04. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Smart had a return on equity of 4.14% and a net margin of 0.21%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 earnings per share. Equities research analysts forecast that Smart will post $0.49 earnings per share for the current year.

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SFS has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Smart from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Morgan Stanley reissued an “underweight” rating and issued a $8.00 target price (down previously from $11.00) on shares of Smart in a report on Monday, June 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $19.00 target price on shares of Smart in a report on Thursday, May 18th. TheStreet downgraded shares of Smart from a “c-” rating to a “d+” rating in a report on Tuesday, July 18th. Finally, BidaskClub downgraded shares of Smart from a “sell” rating to a “strong sell” rating in a report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Smart presently has an average rating of “Hold” and an average price target of $18.83.

In related news, EVP Scott R. Drew sold 21,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $13.02, for a total transaction of $273,420.00. Following the sale, the executive vice president now directly owns 64,648 shares in the company, valued at approximately $841,716.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Michael A. Mortensen sold 26,980 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $13.42, for a total value of $362,071.60. Following the sale, the senior vice president now owns 48,191 shares in the company, valued at $646,723.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,940 shares of company stock worth $1,097,389. Company insiders own 8.47% of the company’s stock.

Smart Company Profile

Smart & Final Stores, Inc is a food retailer. The Company is engaged in the business of selling fresh perishables and everyday grocery items, together with foodservice, packaging and janitorial products. The Company operates through two segments: Smart & Final, and Cash and Carry. The Smart & Final segment focuses on both household and business customers.

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Institutional Ownership by Quarter for Smart (NYSE:SFS)

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