Signia Capital Management LLC Increases Position in Smart & Final Stores Inc (SFS)

Signia Capital Management LLC lifted its holdings in shares of Smart & Final Stores Inc (NYSE:SFS) by 85.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 588,190 shares of the company’s stock after buying an additional 271,379 shares during the quarter. Smart & Final Stores comprises 5.3% of Signia Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Signia Capital Management LLC’s holdings in Smart & Final Stores were worth $5,029,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SFS. Schwab Charles Investment Management Inc. lifted its stake in shares of Smart & Final Stores by 1.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 100,397 shares of the company’s stock valued at $914,000 after buying an additional 1,030 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Smart & Final Stores by 62.6% during the 2nd quarter. Alliancebernstein L.P. now owns 32,200 shares of the company’s stock worth $293,000 after acquiring an additional 12,400 shares during the period. Teachers Advisors LLC increased its holdings in Smart & Final Stores by 79.0% during the 2nd quarter. Teachers Advisors LLC now owns 66,343 shares of the company’s stock worth $604,000 after acquiring an additional 29,283 shares during the period. TIAA CREF Investment Management LLC increased its holdings in Smart & Final Stores by 48.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 94,929 shares of the company’s stock worth $864,000 after acquiring an additional 30,904 shares during the period. Finally, Ameriprise Financial Inc. bought a new stake in Smart & Final Stores during the 2nd quarter worth approximately $223,000.

A number of research firms recently weighed in on SFS. Loop Capital decreased their target price on shares of Smart & Final Stores from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, November 16th. Morgan Stanley decreased their target price on shares of Smart & Final Stores from $7.50 to $7.00 and set an “underweight” rating on the stock in a report on Thursday, November 16th. Wells Fargo & Co began coverage on shares of Smart & Final Stores in a report on Friday, November 3rd. They set an “outperform” rating and a $9.00 target price on the stock. Deutsche Bank decreased their target price on shares of Smart & Final Stores from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, November 16th. Finally, ValuEngine raised shares of Smart & Final Stores from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. Smart & Final Stores presently has an average rating of “Hold” and an average price target of $11.30.

In other news, EVP Scott R. Drew sold 36,560 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $8.99, for a total value of $328,674.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Scott R. Drew sold 54,840 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $7.94, for a total transaction of $435,429.60. Following the completion of the transaction, the executive vice president now directly owns 98,488 shares in the company, valued at approximately $781,994.72. The disclosure for this sale can be found here. Insiders sold a total of 144,012 shares of company stock worth $1,206,097 in the last three months. Insiders own 8.47% of the company’s stock.

Smart & Final Stores Inc (SFS) opened at $8.65 on Thursday. The company has a market cap of $633.43, a price-to-earnings ratio of 30.89, a PEG ratio of 4.03 and a beta of 0.73. Smart & Final Stores Inc has a twelve month low of $5.80 and a twelve month 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 issued its quarterly earnings results on Wednesday, November 15th. The company reported $0.14 EPS 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%. equities research analysts expect that Smart & Final Stores Inc will post 0.33 earnings per share for the current fiscal year.

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Smart & Final Stores 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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Institutional Ownership by Quarter for Smart & Final Stores (NYSE:SFS)

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