Smart & Final Stores Inc (SFS) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. lifted its position in Smart & Final Stores Inc (NYSE:SFS) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,061,674 shares of the company’s stock after acquiring an additional 448,664 shares during the period. Franklin Resources Inc. owned 5.55% of Smart & Final Stores worth $34,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of SFS. Brandywine Global Investment Management LLC purchased a new position in Smart & Final Stores during the fourth quarter worth approximately $8,433,000. Dimensional Fund Advisors LP lifted its position in Smart & Final Stores by 48.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,667,686 shares of the company’s stock worth $13,091,000 after buying an additional 545,814 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Smart & Final Stores by 1,762.8% during the third quarter. Ameriprise Financial Inc. now owns 455,170 shares of the company’s stock worth $3,574,000 after buying an additional 430,735 shares in the last quarter. Signia Capital Management LLC purchased a new position in Smart & Final Stores during the third quarter worth approximately $2,487,000. Finally, Spark Investment Management LLC purchased a new position in Smart & Final Stores during the fourth quarter worth approximately $1,405,000.

How to Become a New Pot Stock Millionaire

In other Smart & Final Stores news, EVP Scott R. Drew sold 36,560 shares of Smart & Final Stores 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 transaction was disclosed in a filing with the SEC, which is available at this link. 8.47% of the stock is owned by insiders.

Shares of Smart & Final Stores Inc (NYSE SFS) opened at $6.45 on Tuesday. Smart & Final Stores Inc has a 1 year low of $5.75 and a 1 year high of $13.95. The company has a quick ratio of 0.29, a current ratio of 0.92 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $457.68, a price-to-earnings ratio of -3.41, a price-to-earnings-growth ratio of 3.55 and a beta of 0.99.

Smart & Final Stores (NYSE:SFS) last posted its earnings results on Wednesday, March 14th. The company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. Smart & Final Stores had a positive return on equity of 4.77% and a negative net margin of 3.04%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the business earned $0.07 earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. equities research analysts expect that Smart & Final Stores Inc will post 0.32 EPS for the current fiscal year.

SFS has been the topic of a number of analyst reports. TheStreet downgraded Smart & Final Stores from a “c” rating to a “d+” rating in a research report on Wednesday, March 14th. Barclays downgraded Smart & Final Stores from an “overweight” rating to an “equal weight” rating in a research report on Friday. Loop Capital downgraded Smart & Final Stores from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $11.00 to $8.00 in a research report on Thursday, March 15th. ValuEngine upgraded Smart & Final Stores from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, JPMorgan Chase & Co. initiated coverage on Smart & Final Stores in a research report on Tuesday, December 5th. They set a “neutral” rating and a $9.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.31.

ILLEGAL ACTIVITY NOTICE: “Smart & Final Stores Inc (SFS) Shares Bought by Franklin Resources Inc.” was reported by Stock Observer and is the sole property of of Stock Observer. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & international copyright & trademark law. The correct version of this piece can be accessed at https://www.thestockobserver.com/2018/03/20/smart-final-stores-inc-sfs-shares-bought-by-franklin-resources-inc.html.

Smart & Final Stores 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.

Institutional Ownership by Quarter for Smart & Final Stores (NYSE:SFS)

Receive News & Ratings for Smart & Final Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart & Final Stores and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply