Smart (NYSE:SFS) Rating Reiterated by Deutsche Bank AG
Deutsche Bank AG reissued their buy rating on shares of Smart (NYSE:SFS) in a research report released on Wednesday morning. The brokerage currently has a $12.00 target price on the stock, down from their prior target price of $14.00.
Other analysts also recently issued reports about the company. Royal Bank Of Canada reissued a buy rating and issued a $19.00 target price on shares of Smart in a research report on Thursday, May 18th. Loop Capital started coverage on Smart in a research report on Monday, May 15th. They issued a buy rating and a $17.00 target price for the company. TheStreet downgraded Smart from a c- rating to a d+ rating in a research report on Tuesday, July 18th. Zacks Investment Research raised Smart from a sell rating to a hold rating in a research report on Wednesday, July 5th. Finally, BidaskClub downgraded Smart from a sell rating to a strong sell rating in a research report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $20.00.
Smart (SFS) opened at 8.75 on Wednesday. The firm has a 50-day moving average price of $8.99 and a 200-day moving average price of $12.11. Smart has a one year low of $7.45 and a one year high of $15.45. The firm has a market capitalization of $647.68 million, a price-to-earnings ratio of 72.92 and a beta of 0.30.
Smart (NYSE:SFS) last released its earnings results on Tuesday, July 25th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.04. Smart had a return on equity of 4.14% and a net margin of 0.21%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the business earned $0.20 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Analysts expect that Smart will post $0.49 EPS for the current year.
In other news, SVP Michael A. Mortensen sold 26,980 shares of Smart stock in a transaction on 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 directly owns 48,191 shares in the company, valued at $646,723.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Scott R. Drew sold 21,000 shares of Smart stock in a transaction on Monday, June 12th. The shares were 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 owns 64,648 shares of the company’s stock, valued at $841,716.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,940 shares of company stock valued at $1,097,389. 8.47% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted 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 during the period. Hood River Capital Management LLC bought a new position in shares of Smart during the first quarter valued at $7,762,000. Dimensional Fund Advisors LP boosted 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 during the period. Granite Investment Partners LLC boosted its position in shares of Smart by 37.9% in the first quarter. Granite Investment Partners LLC now owns 1,032,996 shares of the company’s stock valued at $12,499,000 after buying an additional 283,837 shares during the period. Finally, United Services Automobile Association boosted 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 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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