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.

TRADEMARK VIOLATION WARNING: “Smart (SFS) Trading Up 5.5%” was first published by Watch List News and is the property of of Watch List News. If you are accessing this article on another site, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this article can be viewed at https://www.watchlistnews.com/smart-sfs-trading-up-5-5/1708264.html.

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.

Receive News & Ratings for Smart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart and related companies with Analyst Ratings Network's FREE daily email newsletter.