Smart (NYSE:SFS) shares reached a new 52-week low on Monday . The company traded as low as $6.58 and last traded at $6.63, with a volume of 790,405 shares traded. The stock had previously closed at $7.20.

A number of research analysts have weighed in on SFS shares. Zacks Investment Research lowered shares of Smart from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Deutsche Bank AG reissued a “buy” rating and set a $12.00 target price (down previously from $14.00) on shares of Smart in a research report on Wednesday, July 26th. TheStreet lowered shares of Smart from a “c-” rating to a “d+” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada reissued an “outperform” rating and set a $19.00 target price on shares of Smart in a research report on Friday, July 21st. Finally, BidaskClub raised shares of Smart from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $12.91.

The stock has a 50-day moving average of $7.34 and a 200-day moving average of $9.68. The company has a market cap of $499.64 million, a P/E ratio of 56.25 and a beta of 0.36.

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

In other Smart news, SVP Michael A. Mortensen sold 19,304 shares of Smart stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $7.59, for a total value of $146,517.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph S. Tesoriero acquired 5,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was acquired at an average price of $6.95 per share, with a total value of $34,750.00. Following the purchase, the director now directly owns 20,140 shares in the company, valued at $139,973. The disclosure for this purchase can be found here. Company insiders own 8.47% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Credit Suisse AG raised its stake in Smart by 0.4% in the 1st quarter. Credit Suisse AG now owns 46,587 shares of the company’s stock worth $563,000 after purchasing an additional 193 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Smart by 6.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 99,367 shares of the company’s stock worth $1,203,000 after purchasing an additional 5,796 shares in the last quarter. First Trust Advisors LP raised its stake in Smart by 33.4% in the 1st quarter. First Trust Advisors LP now owns 132,191 shares of the company’s stock worth $1,600,000 after purchasing an additional 33,113 shares in the last quarter. Citadel Advisors LLC raised its stake in Smart by 13.7% in the 1st quarter. Citadel Advisors LLC now owns 29,863 shares of the company’s stock worth $361,000 after purchasing an additional 3,604 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Smart by 8.1% in the 2nd quarter. Victory Capital Management Inc. now owns 3,229,048 shares of the company’s stock worth $29,384,000 after purchasing an additional 242,135 shares in the last quarter.

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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.

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