Smart (SFS) Shares Sold by Granite Investment Partners LLC
Granite Investment Partners LLC lowered its position in shares of Smart (NYSE:SFS) by 45.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 563,285 shares of the company’s stock after selling 469,711 shares during the period. Granite Investment Partners LLC’s holdings in Smart were worth $5,126,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in SFS. Aperio Group LLC bought a new position in shares of Smart during the second quarter worth approximately $125,000. Atria Investments LLC increased its position in shares of Smart by 4.0% in the first quarter. Atria Investments LLC now owns 12,424 shares of the company’s stock worth $150,000 after buying an additional 477 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Smart during the second quarter worth approximately $157,000. American International Group Inc. increased its position in shares of Smart by 7.1% in the first quarter. American International Group Inc. now owns 14,236 shares of the company’s stock worth $172,000 after buying an additional 940 shares during the last quarter. Finally, Suntrust Banks Inc. increased its position in shares of Smart by 41.7% in the first quarter. Suntrust Banks Inc. now owns 24,942 shares of the company’s stock worth $301,000 after buying an additional 7,344 shares during the last quarter.
Shares of Smart (SFS) opened at 7.65 on Friday. The firm has a market capitalization of $566.25 million, a PE ratio of 63.75 and a beta of 0.28. The stock has a 50 day moving average of $8.33 and a 200-day moving average of $11.71. Smart has a 52 week low of $7.45 and a 52 week high of $15.45.
Smart (NYSE:SFS) last released its quarterly earnings data on Tuesday, July 25th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by $0.04. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. Smart had a net margin of 0.21% and a return on equity of 4.14%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS. Equities analysts anticipate that Smart will post $0.49 earnings per share for the current fiscal year.
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A number of research firms have issued reports on SFS. BidaskClub cut shares of Smart from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 13th. Morgan Stanley reiterated an “underweight” rating and issued a $8.00 target price (down from $11.00) on shares of Smart in a research note on Monday, June 19th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $19.00 target price on shares of Smart in a research note on Thursday, May 4th. Zacks Investment Research cut shares of Smart from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Loop Capital began coverage on shares of Smart in a research note on Monday, May 15th. They issued a “buy” rating and a $17.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Smart presently has an average rating of “Hold” and a consensus price target of $19.97.
In other news, EVP Scott R. Drew sold 21,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now owns 64,648 shares of the company’s stock, valued at approximately $841,716.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Michael A. Mortensen sold 26,980 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $13.42, for a total value of $362,071.60. Following the completion of the sale, the senior vice president now directly owns 48,191 shares of the company’s stock, valued at approximately $646,723.22. The disclosure for this sale can be found here. In the last three months, insiders sold 101,940 shares of company stock valued at $1,097,389. 8.47% of the stock is currently owned by insiders.
Smart Company Profile
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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