Smart (NYSE:SFS) shares shot up 8.3% on Wednesday . The stock traded as high as $9.28 and last traded at $9.15. 738,487 shares were traded during trading, an increase of 40% from the average session volume of 525,620 shares. The stock had previously closed at $8.45.

Several brokerages have recently weighed in on SFS. Zacks Investment Research raised Smart from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research note on Tuesday, August 1st. BidaskClub raised Smart from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine downgraded Smart from a “hold” rating to a “sell” rating in a research note on Friday, November 17th. Citigroup reissued a “neutral” rating and issued a $8.50 price objective (down from $10.00) on shares of Smart in a research note on Friday, August 11th. Finally, Morgan Stanley reduced their price objective on Smart from $7.50 to $7.00 and set an “underweight” rating for the company in a research note on Thursday, November 16th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Smart currently has an average rating of “Hold” and a consensus price target of $11.47.

The company has a current ratio of 0.92, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. The firm has a market cap of $596.81, a P/E ratio of 29.11, a P/E/G ratio of 4.49 and a beta of 0.25.

In related news, SVP Michael A. Mortensen sold 19,304 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $6.11, for a total value of $117,947.44. Following the completion of the transaction, the senior vice president now directly owns 40,515 shares of the company’s stock, valued at approximately $247,546.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Eleanor Hong sold 6,400 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $8.00, for a total value of $51,200.00. Following the completion of the transaction, the vice president now directly owns 59,922 shares of the company’s stock, valued at $479,376. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,848 shares of company stock valued at $751,094. 8.47% of the stock is owned by corporate insiders.

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

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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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