J P Morgan Chase & Co started coverage on shares of Smart (NYSE:SFS) in a research note issued on Tuesday. The brokerage set a “neutral” rating and a $9.00 price target on the stock. J P Morgan Chase & Co’s price target suggests a potential upside of 2.27% from the company’s previous close.
Several other equities research analysts have also commented on the company. Morgan Stanley cut their target price on Smart from $7.50 to $7.00 and set an “underweight” rating on the stock in a research report on Thursday, November 16th. Wells Fargo & Company initiated coverage on Smart in a report on Friday, November 3rd. They issued an “outperform” rating and a $9.00 price target on the stock. Deutsche Bank cut their price target on Smart from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, November 16th. Loop Capital cut their price target on Smart from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, November 16th. Finally, Zacks Investment Research lowered Smart from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $11.23.
Shares of Smart (SFS) opened at $8.80 on Tuesday. Smart has a 52-week low of $5.80 and a 52-week high of $15.45. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.92. The company has a market capitalization of $695.67, a PE ratio of 33.93, a P/E/G ratio of 5.23 and a beta of 0.62.
In other news, SVP Michael A. Mortensen sold 19,304 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $7.59, for a total value of $146,517.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph S. Tesoriero acquired 5,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was bought at an average cost of $6.95 per share, with a total value of $34,750.00. Following the completion of the purchase, the director now owns 20,140 shares of the company’s stock, valued at $139,973. The disclosure for this purchase can be found here. Over the last three months, insiders sold 109,500 shares of company stock valued at $836,611. Company insiders own 8.47% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Aperio Group LLC purchased a new stake in shares of Smart during the second quarter valued at approximately $125,000. Trexquant Investment LP purchased a new stake in shares of Smart during the second quarter valued at approximately $157,000. Highbridge Capital Management LLC purchased a new stake in shares of Smart during the third quarter valued at approximately $140,000. California Public Employees Retirement System purchased a new stake in shares of Smart during the second quarter valued at approximately $165,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Smart during the third quarter valued at approximately $150,000.
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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