Smart (SFS) Receives Underweight Rating from Morgan Stanley

Morgan Stanley reaffirmed their underweight rating on shares of Smart (NYSE:SFS) in a research note issued to investors on Monday morning. The firm currently has a $8.00 target price on the stock, down from their previous target price of $11.00.

Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Smart from a hold rating to a sell rating in a research report on Tuesday, May 2nd. Guggenheim reissued a buy rating and issued a $16.00 price target (down previously from $17.00) on shares of Smart in a research report on Saturday, March 11th. Credit Suisse Group reissued a hold rating and issued a $13.00 price target on shares of Smart in a research report on Tuesday, March 14th. Royal Bank Of Canada reissued a buy rating and issued a $19.00 price target on shares of Smart in a research report on Thursday, May 18th. Finally, Loop Capital initiated coverage on shares of Smart in a research report on Monday, May 15th. They issued a buy rating and a $17.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The company has an average rating of Hold and an average target price of $20.50.

Analyst Recommendations for Smart (NYSE:SFS)

Shares of Smart (SFS) traded down 6.944% on Monday, hitting $8.375. 523,262 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $12.73 and its 200 day moving average is $13.21. Smart has a 12 month low of $8.05 and a 12 month high of $16.16. The firm has a market cap of $613.14 million, a P/E ratio of 62.500 and a beta of 0.28.

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In related news, EVP Scott R. Drew sold 21,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $13.02, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Michael A. Mortensen sold 53,960 shares of the business’s stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $11.82, for a total transaction of $637,807.20. Following the transaction, the senior vice president now directly owns 30,264 shares of the company’s stock, valued at approximately $357,720.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,940 shares of company stock valued at $1,273,299. 8.47% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. State Street Corp boosted its position in shares of 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Smart by 37.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 442,587 shares of the company’s stock valued at $6,240,000 after buying an additional 120,835 shares in the last quarter. Keybank National Association OH boosted its position in shares of Smart by 21.8% in the fourth quarter. Keybank National Association OH now owns 87,000 shares of the company’s stock valued at $1,227,000 after buying an additional 15,600 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Smart during the fourth quarter valued at approximately $533,000. Finally, Franklin Resources Inc. boosted its position in shares of Smart by 10.5% in the fourth quarter. Franklin Resources Inc. now owns 2,703,311 shares of the company’s stock valued at $38,117,000 after buying an additional 256,322 shares in the last quarter.

About Smart

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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