Smart & Final Stores (SFS) Lifted to Sell at ValuEngine

ValuEngine upgraded shares of Smart & Final Stores (NYSE:SFS) from a strong sell rating to a sell rating in a research note issued to investors on Friday.

A number of other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Smart & Final Stores from a buy rating to a hold rating in a research report on Wednesday, September 26th. Citigroup assumed coverage on shares of Smart & Final Stores in a research report on Friday, July 6th. They set a neutral rating on the stock. Deutsche Bank downgraded shares of Smart & Final Stores from a buy rating to a hold rating and reduced their price objective for the company from $9.00 to $6.00 in a research report on Tuesday. Finally, Morgan Stanley reduced their price objective on shares of Smart & Final Stores from $6.50 to $4.50 and set an underweight rating on the stock in a research report on Wednesday, June 20th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $7.36.

Shares of NYSE SFS traded up $0.16 during mid-day trading on Friday, hitting $5.06. The stock had a trading volume of 359,549 shares, compared to its average volume of 464,327. The company has a quick ratio of 0.30, a current ratio of 0.97 and a debt-to-equity ratio of 1.52. Smart & Final Stores has a 1 year low of $4.45 and a 1 year high of $10.00. The company has a market cap of $432.74 million, a price-to-earnings ratio of 14.88, a PEG ratio of 1.79 and a beta of 1.28.

Smart & Final Stores (NYSE:SFS) last issued its earnings results on Wednesday, July 25th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Smart & Final Stores had a negative net margin of 3.04% and a positive return on equity of 5.62%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the firm earned $0.14 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts anticipate that Smart & Final Stores will post 0.29 earnings per share for the current year.

In other news, SVP Michael A. Mortensen sold 21,976 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $5.62, for a total transaction of $123,505.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 9.63% of the company’s stock.

Several hedge funds have recently made changes to their positions in SFS. Dimensional Fund Advisors LP boosted its holdings in shares of Smart & Final Stores by 18.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,465,275 shares of the company’s stock valued at $13,682,000 after buying an additional 387,582 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Smart & Final Stores by 9.1% during the 1st quarter. Russell Investments Group Ltd. now owns 1,116,917 shares of the company’s stock valued at $6,199,000 after buying an additional 92,930 shares in the last quarter. Citadel Advisors LLC boosted its holdings in shares of Smart & Final Stores by 75.8% during the 1st quarter. Citadel Advisors LLC now owns 147,824 shares of the company’s stock valued at $820,000 after buying an additional 63,757 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Smart & Final Stores during the 1st quarter valued at $111,000. Finally, Guggenheim Capital LLC bought a new stake in shares of Smart & Final Stores during the 1st quarter valued at $1,254,000. Hedge funds and other institutional investors own 93.25% of the company’s stock.

Smart & Final Stores Company Profile

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's stores offer fresh perishables and everyday grocery items, such as produce, meat and deli, dairy and cheese, grocery, and beverage products, as well as paper and packaging, and restaurant equipment and janitorial supplies.

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