Smart (SFS) Given New $7.00 Price Target at Morgan Stanley
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.
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.
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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