Smart & Final Stores (SFS) Rating Increased to Overweight at Barclays

Barclays upgraded shares of Smart & Final Stores (NYSE:SFS) from an equal weight rating to an overweight rating in a research report report published on Tuesday, Marketbeat.com reports. They currently have $12.00 price target on the stock, up from their previous price target of $8.00.

A number of other analysts also recently weighed in on SFS. Wells Fargo & Co initiated coverage on Smart & Final Stores in a research report on Friday, November 3rd. They issued an outperform rating and a $9.00 target price for the company. Loop Capital decreased their price target on Smart & Final Stores from $15.00 to $11.00 and set a buy rating on the stock in a research note on Thursday, November 16th. Deutsche Bank decreased their price target on Smart & Final Stores from $12.00 to $10.00 and set a buy rating on the stock in a research note on Thursday, November 16th. Morgan Stanley decreased their price target on Smart & Final Stores from $7.50 to $7.00 and set an underweight rating on the stock in a research note on Thursday, November 16th. Finally, ValuEngine cut Smart & Final Stores from a hold rating to a sell rating in a research note on Friday, November 17th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $11.30.

Smart & Final Stores (NYSE SFS) traded up $0.05 during trading hours on Tuesday, reaching $9.35. The company had a trading volume of 346,681 shares, compared to its average volume of 390,342. The company has a market cap of $681.03, a P/E ratio of 93.51, a price-to-earnings-growth ratio of 4.34 and a beta of 0.62. Smart & Final Stores has a one year low of $5.80 and a one year high of $15.40. The company has a quick ratio of 0.29, a current ratio of 0.92 and a debt-to-equity ratio of 1.11.

Smart & Final Stores (NYSE:SFS) last released its earnings results on Wednesday, November 15th. The company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.05). Smart & Final Stores had a return on equity of 3.69% and a net margin of 0.16%. research analysts anticipate that Smart & Final Stores will post 0.33 EPS for the current fiscal year.

In other news, EVP Scott R. Drew sold 36,560 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $8.99, for a total transaction of $328,674.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Michael A. Mortensen sold 19,304 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $6.11, for a total value of $117,947.44. Following the transaction, the senior vice president now directly owns 40,515 shares in the company, valued at $247,546.65. The disclosure for this sale can be found here. Insiders sold a total of 163,316 shares of company stock worth $1,324,044 over the last ninety days. Insiders own 8.47% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of SFS. Highbridge Capital Management LLC purchased a new position in shares of Smart & Final Stores during the third quarter valued at approximately $140,000. JPMorgan Chase & Co. purchased a new position in shares of Smart & Final Stores during the third quarter valued at approximately $150,000. California Public Employees Retirement System purchased a new position in shares of Smart & Final Stores during the second quarter valued at approximately $165,000. Verition Fund Management LLC purchased a new position in shares of Smart & Final Stores during the second quarter valued at approximately $173,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of Smart & Final Stores during the second quarter valued at approximately $223,000.

COPYRIGHT VIOLATION NOTICE: “Smart & Final Stores (SFS) Rating Increased to Overweight at Barclays” was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.com-unik.info/2018/01/20/smart-final-stores-sfs-rating-increased-to-overweight-at-barclays.html.

Smart & Final Stores 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 & Final Stores (NYSE:SFS)

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

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit