Smart & Final Stores (SFS) Cut to Market Perform at Wells Fargo & Co

Smart & Final Stores (NYSE:SFS) was downgraded by equities researchers at Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a research note issued to investors on Wednesday, The Fly reports.

A number of other research firms have also weighed in on SFS. Zacks Investment Research lowered Smart & Final Stores from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. ValuEngine lowered Smart & Final Stores from a “sell” rating to a “strong sell” rating in a report on Monday, December 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $5.45.

SFS stock opened at $5.39 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 1.08 and a debt-to-equity ratio of 2.07. The stock has a market cap of $419.35 million, a price-to-earnings ratio of 17.97, a P/E/G ratio of 5.71 and a beta of 1.72. Smart & Final Stores has a twelve month low of $4.45 and a twelve month high of $7.40.

Smart & Final Stores (NYSE:SFS) last posted its earnings results on Wednesday, March 13th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Smart & Final Stores had a negative net margin of 2.37% and a positive return on equity of 6.10%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 EPS. Sell-side analysts expect that Smart & Final Stores will post 0.32 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Citigroup Inc. grew its holdings in shares of Smart & Final Stores by 249.3% during the fourth quarter. Citigroup Inc. now owns 12,893 shares of the company’s stock worth $61,000 after purchasing an additional 9,202 shares in the last quarter. Gotham Asset Management LLC purchased a new position in shares of Smart & Final Stores during the fourth quarter worth about $64,000. Virtu Financial LLC purchased a new position in shares of Smart & Final Stores during the fourth quarter worth about $90,000. Jane Street Group LLC purchased a new position in shares of Smart & Final Stores during the third quarter worth about $120,000. Finally, Panagora Asset Management Inc. purchased a new position in shares of Smart & Final Stores during the third quarter worth about $141,000. 92.35% of the stock is owned by institutional investors.

Smart & Final Stores Company Profile

Smart & Final Stores, Inc operates as a food retailer in the United States. It operates in two segments, Smart & Final, and Cash & Carry Smart Foodservice. The company's stores offer fresh perishables and everyday grocery items, such as produce, meat and deli, dairy and cheese, grocery, and beverage products, as well as paper and packaging, and restaurant equipment and janitorial supplies.

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Analyst Recommendations for Smart & Final Stores (NYSE:SFS)

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