Smart (SFS) Receives Underweight Rating from Morgan Stanley

Morgan Stanley reiterated their underweight rating on shares of Smart (NYSE:SFS) in a research report report published on Monday morning. Morgan Stanley currently has a $8.00 price target on the stock, down from their prior price target of $11.00.

SFS has been the topic of several other reports. Guggenheim reissued a buy rating and set a $16.00 price target (down from $17.00) on shares of Smart in a research report on Saturday, March 11th. Zacks Investment Research cut shares of Smart from a hold rating to a sell rating in a research report on Tuesday, May 2nd. Credit Suisse Group reissued a hold rating and set a $13.00 price target on shares of Smart in a research report on Tuesday, March 14th. Royal Bank Of Canada cut their price target on shares of Smart from $21.00 to $20.00 and set an outperform rating on the stock in a research report on Monday, March 6th. Finally, Loop Capital initiated coverage on shares of Smart in a research report on Monday, May 15th. They set a buy rating and a $17.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $20.50.

Analyst Recommendations for Smart (NYSE:SFS)

Smart (NYSE SFS) traded down 6.944% during trading on Monday, reaching $8.375. The company’s stock had a trading volume of 523,262 shares. The company has a market cap of $613.14 million, a P/E ratio of 62.500 and a beta of 0.28. Smart has a 52 week low of $8.05 and a 52 week high of $16.16. The company’s 50 day moving average price is $12.73 and its 200 day moving average price is $13.21.

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In other Smart news, EVP Scott R. Drew sold 21,000 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $13.02, for a total value of $273,420.00. Following the transaction, the executive vice president now directly owns 64,648 shares of the company’s stock, valued at approximately $841,716.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Michael A. Mortensen sold 26,980 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $13.42, for a total transaction of $362,071.60. Following the completion of the transaction, the senior vice president now directly owns 48,191 shares in the company, valued at $646,723.22. The disclosure for this sale can be found here. Over the last three months, insiders sold 101,940 shares of company stock worth $1,273,299. Insiders own 8.47% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Credit Suisse AG raised its position in shares of Smart by 0.4% in the first quarter. Credit Suisse AG now owns 46,587 shares of the company’s stock worth $563,000 after buying an additional 193 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Smart by 6.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 99,367 shares of the company’s stock worth $1,203,000 after buying an additional 5,796 shares during the last quarter. Citadel Advisors LLC raised its position in shares of Smart by 13.7% in the first quarter. Citadel Advisors LLC now owns 29,863 shares of the company’s stock worth $361,000 after buying an additional 3,604 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Smart by 68.2% in the first quarter. Dimensional Fund Advisors LP now owns 744,546 shares of the company’s stock worth $9,009,000 after buying an additional 301,959 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Smart by 9.2% in the first quarter. Geode Capital Management LLC now owns 216,182 shares of the company’s stock worth $2,615,000 after buying an additional 18,215 shares during the last quarter.

Smart 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.

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