Smart (NYSE:SFS) Receives Average Recommendation of “Hold” from Analysts

Smart (NYSE:SFS) has been given an average recommendation of “Hold” by the twelve brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $21.25.

A number of equities research analysts have commented on the company. BidaskClub cut Smart from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 13th. Morgan Stanley reissued an “underweight” rating and issued a $8.00 price objective (down previously from $11.00) on shares of Smart in a research note on Monday, June 19th. Royal Bank Of Canada reissued an “outperform” rating and issued a $19.00 price objective on shares of Smart in a research note on Thursday, May 4th. Zacks Investment Research cut Smart from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Loop Capital initiated coverage on Smart in a research note on Monday, May 15th. They issued a “buy” rating and a $17.00 price objective for the company.

Shares of Smart (NYSE SFS) traded down 3.27% during mid-day trading on Friday, reaching $7.40. The company had a trading volume of 235,518 shares. The firm’s 50-day moving average price is $8.33 and its 200 day moving average price is $11.71. The company has a market cap of $547.75 million, a price-to-earnings ratio of 61.67 and a beta of 0.28. Smart has a 52-week low of $7.30 and a 52-week high of $15.45.

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

In other news, SVP Michael A. Mortensen sold 26,980 shares of Smart stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $13.42, for a total value of $362,071.60. Following the completion of the transaction, the senior vice president now directly owns 48,191 shares in the company, valued at $646,723.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Scott R. Drew sold 21,000 shares of Smart stock in a transaction on Monday, June 12th. The shares were sold at an average price of $13.02, for a total value of $273,420.00. Following the completion of the transaction, the executive vice president now owns 64,648 shares of the company’s stock, valued at $841,716.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,940 shares of company stock worth $1,097,389. Corporate insiders own 8.47% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in Smart by 11.0% in the fourth quarter. State Street Corp now owns 582,639 shares of the company’s stock valued at $8,214,000 after buying an additional 57,747 shares during the last quarter. First Trust Advisors LP boosted its position in Smart by 33.4% in the first quarter. First Trust Advisors LP now owns 132,191 shares of the company’s stock valued at $1,600,000 after buying an additional 33,113 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Smart during the fourth quarter valued at approximately $533,000. United Services Automobile Association boosted its position in Smart by 22.3% in the first quarter. United Services Automobile Association now owns 723,190 shares of the company’s stock valued at $8,751,000 after buying an additional 131,800 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its position in 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.

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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.

Analyst Recommendations for Smart (NYSE:SFS)

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