Smart (SFS) Trading Up 5.5%
Shares of Smart (NYSE:SFS) were up 5.5% during trading on Thursday . The company traded as high as $7.75 and last traded at $7.65. Approximately 1,863,525 shares traded hands during mid-day trading, an increase of 257% from the average daily volume of 521,715 shares. The stock had previously closed at $7.25.
A number of analysts have recently commented on SFS shares. BidaskClub upgraded Smart from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Deutsche Bank AG reiterated a “buy” rating and set a $12.00 price target (down previously from $14.00) on shares of Smart in a research report on Wednesday, July 26th. Zacks Investment Research upgraded Smart from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a research report on Tuesday, August 1st. Royal Bank Of Canada reiterated an “outperform” rating and set a $19.00 price target on shares of Smart in a research report on Friday, July 21st. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $8.50 price target (down previously from $10.00) on shares of Smart in a research report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $11.47.
The stock has a market capitalization of $551.45, a PE ratio of 24.03, a PEG ratio of 1.29 and a beta of 0.25. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.99 and a quick ratio of 0.32.
In other Smart news, SVP Michael A. Mortensen sold 19,304 shares of the 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 of the company’s stock, valued at $247,546.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph S. Tesoriero bought 5,000 shares of Smart stock in a transaction on Tuesday, September 12th. The shares were purchased at an average cost of $6.95 per share, with a total value of $34,750.00. Following the acquisition, the director now directly owns 20,140 shares of the company’s stock, valued at $139,973. The disclosure for this purchase can be found here. 8.47% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Aperio Group LLC acquired a new position in shares of Smart during the second quarter valued at approximately $125,000. Highbridge Capital Management LLC acquired a new position in shares of Smart during the third quarter valued at approximately $140,000. JPMorgan Chase & Co. acquired a new position in shares of Smart during the third quarter valued at approximately $150,000. Trexquant Investment LP acquired a new stake in shares of Smart in the second quarter valued at approximately $157,000. Finally, California Public Employees Retirement System acquired a new stake in shares of Smart in the second quarter valued at approximately $165,000.
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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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