Wells Fargo & Company began coverage on shares of Smart (NYSE:SFS) in a research report released on Friday, Marketbeat reports. The brokerage issued an outperform rating and a $9.00 target price on the stock.
Other equities analysts also recently issued research reports about the company. BidaskClub downgraded Smart from a sell rating to a strong sell rating in a research report on Thursday, July 13th. Zacks Investment Research raised Smart from a hold rating to a buy rating and set a $9.75 price target for the company in a research report on Tuesday, August 1st. Citigroup Inc. reissued 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. Royal Bank Of Canada reissued an outperform rating and set a $19.00 price target on shares of Smart in a research report on Friday, July 21st. Finally, TheStreet downgraded Smart from a c- rating to a d+ rating in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $12.47.
Smart (NYSE:SFS) traded down $0.05 during midday trading on Friday, reaching $6.65. The company had a trading volume of 155,291 shares, compared to its average volume of 473,373. The stock has a market capitalization of $495.94, a PE ratio of 21.61, a P/E/G ratio of 1.16 and a beta of 0.25. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 1.11.
In other news, SVP Michael A. Mortensen sold 19,304 shares of Smart 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 sale, 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 document filed with the SEC, which is available through the SEC website. Also, Director Joseph S. Tesoriero acquired 5,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was acquired at an average cost of $6.95 per share, with a total value of $34,750.00. Following the transaction, the director now 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 insiders.
Several large investors have recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in shares of Smart by 8.1% in the second quarter. Victory Capital Management Inc. now owns 3,229,048 shares of the company’s stock valued at $29,384,000 after purchasing an additional 242,135 shares during the period. Franklin Resources Inc. grew its position in shares of Smart by 10.3% in the second quarter. Franklin Resources Inc. now owns 3,026,922 shares of the company’s stock valued at $27,545,000 after purchasing an additional 282,997 shares during the period. Vanguard Group Inc. grew its position in shares of Smart by 4.7% in the second quarter. Vanguard Group Inc. now owns 2,386,074 shares of the company’s stock valued at $21,714,000 after purchasing an additional 107,655 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Smart by 50.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,121,872 shares of the company’s stock valued at $10,209,000 after purchasing an additional 377,326 shares during the period. Finally, Boston Partners grew its position in shares of Smart by 73.5% in the third quarter. Boston Partners now owns 929,980 shares of the company’s stock valued at $7,301,000 after purchasing an additional 394,100 shares during the period.
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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