Smart (NYSE:SFS) Cut to D+ at TheStreet
A number of other analysts have also recently commented on the stock. BidaskClub cut shares of Smart from a sell rating to a strong sell rating in a report on Thursday, July 13th. Zacks Investment Research upgraded shares of Smart from a sell rating to a hold rating in a report on Wednesday, July 5th. Morgan Stanley reiterated an underweight rating and issued a $8.00 price target (down previously from $11.00) on shares of Smart in a research note on Monday, June 19th. Royal Bank Of Canada reiterated a buy rating and issued a $19.00 price target on shares of Smart in a research note on Thursday, May 18th. Finally, Loop Capital started coverage on shares of Smart in a research note on Monday, May 15th. They issued a buy rating and a $17.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Smart has an average rating of Hold and a consensus price target of $20.50.
Shares of Smart (NYSE SFS) opened at 7.90 on Tuesday. The stock has a market cap of $578.37 million, a P/E ratio of 58.96 and a beta of 0.30. The stock has a 50 day moving average of $9.86 and a 200 day moving average of $12.35. Smart has a one year low of $7.45 and a one year high of $15.88.
In other Smart news, SVP Michael A. Mortensen sold 26,980 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $13.42, for a total value of $362,071.60. Following the completion of the transaction, the senior vice president now owns 48,191 shares of the company’s stock, valued at approximately $646,723.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Scott R. Drew sold 21,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $13.02, for a total value of $273,420.00. Following the completion of the transaction, the executive vice president now directly owns 64,648 shares of the company’s stock, valued at approximately $841,716.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,940 shares of company stock worth $1,097,389. 8.47% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of the company. State Street Corp raised its position in shares of Smart by 11.0% in the fourth quarter. State Street Corp now owns 582,639 shares of the company’s stock worth $8,214,000 after buying an additional 57,747 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Smart by 37.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 442,587 shares of the company’s stock worth $6,240,000 after buying an additional 120,835 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Smart during the fourth quarter worth $533,000. Hudson Bay Capital Management LP acquired a new position in shares of Smart during the fourth quarter worth $1,410,000. Finally, Teachers Advisors LLC raised its position in shares of Smart by 17.2% in the fourth quarter. Teachers Advisors LLC now owns 40,430 shares of the company’s stock worth $570,000 after buying an additional 5,929 shares during the period.
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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