Smart (NYSE:SFS) had its price target cut by Morgan Stanley from $7.50 to $7.00 in a research note released on Thursday. They currently have an underweight rating on the stock.

Several other equities research analysts also recently commented on the stock. Deutsche Bank AG dropped their price objective on shares of Smart from $12.00 to $10.00 and set a buy rating on the stock in a report on Thursday. Loop Capital dropped their price objective on shares of Smart from $15.00 to $11.00 and set a buy rating on the stock in a report on Thursday. Wells Fargo & Company assumed coverage on shares of Smart in a report on Friday, November 3rd. They set an outperform rating and a $9.00 price objective on the stock. Citigroup Inc. reaffirmed a neutral rating and set a $8.50 price objective (down from $10.00) on shares of Smart in a report on Friday, August 11th. Finally, Zacks Investment Research downgraded shares of Smart from a buy rating to a hold rating in a report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $11.47.

Smart (SFS) opened at $8.05 on Thursday. The company has a quick ratio of 0.29, a current ratio of 0.92 and a debt-to-equity ratio of 1.11. The firm has a market cap of $589.49, a PE ratio of 28.75, a P/E/G ratio of 4.88 and a beta of 0.25. Smart has a fifty-two week low of $5.80 and a fifty-two week high of $15.45.

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In related news, Director Joseph S. Tesoriero acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were bought at an average cost of $6.95 per share, for a total transaction of $34,750.00. Following the completion of the transaction, the director now owns 20,140 shares in the company, valued at $139,973. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael A. Mortensen sold 19,304 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $6.11, for a total transaction of $117,947.44. Following the completion of the transaction, the senior vice president now owns 40,515 shares in the company, valued at $247,546.65. The disclosure for this sale can be found here. Corporate insiders own 8.47% of the company’s stock.

Several hedge funds have recently bought and sold shares of SFS. Dimensional Fund Advisors LP increased its position in shares of Smart by 48.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,667,686 shares of the company’s stock worth $13,091,000 after purchasing an additional 545,814 shares during the last quarter. Boston Partners bought a new position in Smart during the second quarter valued at approximately $4,876,000. Ameriprise Financial Inc. grew its position in Smart by 1,762.8% during the third quarter. Ameriprise Financial Inc. now owns 455,170 shares of the company’s stock valued at $3,574,000 after acquiring an additional 430,735 shares during the last quarter. Signia Capital Management LLC bought a new position in Smart during the third quarter valued at approximately $2,487,000. Finally, Franklin Resources Inc. grew its position in Smart by 10.3% during the second quarter. Franklin Resources Inc. now owns 3,026,922 shares of the company’s stock valued at $27,545,000 after acquiring an additional 282,997 shares during the last quarter.

About Smart

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.

Analyst Recommendations for Smart (NYSE:SFS)

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