Smart & Final (SFS) Receives $10.14 Consensus PT from Analysts

Smart & Final (NYSE:SFS) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $10.14.

A number of brokerages have issued reports on SFS. ValuEngine cut Smart & Final from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Zacks Investment Research cut Smart & Final from a “hold” rating to a “sell” rating in a report on Tuesday, March 20th. Barclays cut Smart & Final from an “overweight” rating to an “equal weight” rating in a report on Friday, March 16th. TheStreet cut Smart & Final from a “c” rating to a “d+” rating in a report on Wednesday, March 14th. Finally, Morgan Stanley cut their price objective on Smart & Final from $8.00 to $7.50 and set an “underweight” rating for the company in a report on Thursday, March 15th.

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In other news, EVP Scott R. Drew sold 36,560 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was 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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.47% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Millennium Management LLC increased its stake in shares of Smart & Final by 20.0% in the fourth quarter. Millennium Management LLC now owns 1,103,237 shares of the company’s stock valued at $9,433,000 after buying an additional 184,001 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Smart & Final by 8.9% in the fourth quarter. Teachers Advisors LLC now owns 72,361 shares of the company’s stock valued at $619,000 after buying an additional 5,899 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in shares of Smart & Final in the fourth quarter valued at $639,000. Deutsche Bank AG increased its stake in shares of Smart & Final by 285.5% in the fourth quarter. Deutsche Bank AG now owns 82,062 shares of the company’s stock valued at $701,000 after buying an additional 60,777 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Smart & Final by 12.4% in the fourth quarter. Franklin Resources Inc. now owns 4,061,674 shares of the company’s stock valued at $34,727,000 after buying an additional 448,664 shares in the last quarter.

Shares of SFS stock opened at $5.30 on Thursday. The firm has a market capitalization of $388.11, a P/E ratio of 15.14, a PEG ratio of 3.99 and a beta of 1.17. Smart & Final has a one year low of $5.15 and a one year high of $13.95. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.97 and a quick ratio of 0.34.

Smart & Final (NYSE:SFS) last issued its quarterly earnings data on Wednesday, March 14th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Smart & Final had a positive return on equity of 5.12% and a negative net margin of 3.04%. The business’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $0.07 earnings per share. sell-side analysts predict that Smart & Final will post 0.3 earnings per share for the current fiscal year.

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About Smart & Final

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 operates non-membership warehouse-style grocery stores under the Smart & Final banner in California, Arizona, and Nevada, as well as under the Cash & Carry Smart Foodservice banner in Washington, Oregon, Northern California, Idaho, Nevada, Montana, and Utah.

Analyst Recommendations for Smart & Final (NYSE:SFS)

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