Smart & Final Stores (SFS) Lowered to Hold at Deutsche Bank

Deutsche Bank lowered shares of Smart & Final Stores (NYSE:SFS) from a buy rating to a hold rating in a research note released on Tuesday, MarketBeat Ratings reports. They currently have $6.00 price objective on the stock, down from their previous price objective of $9.00.

Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Smart & Final Stores from a hold rating to a buy rating and set a $6.75 price target on the stock in a report on Tuesday, July 31st. Citigroup started coverage on Smart & Final Stores in a report on Friday, July 6th. They set a neutral rating on the stock. ValuEngine upgraded Smart & Final Stores from a strong sell rating to a sell rating in a report on Wednesday, August 15th. Finally, Morgan Stanley lowered their price target on Smart & Final Stores from $6.50 to $4.50 and set an underweight rating on the stock in a report on Wednesday, June 20th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $7.36.

Shares of SFS stock opened at $5.06 on Tuesday. Smart & Final Stores has a 1-year low of $4.45 and a 1-year high of $10.00. The company has a current ratio of 0.97, a quick ratio of 0.30 and a debt-to-equity ratio of 1.52. The firm has a market cap of $432.74 million, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.79 and a beta of 1.28.

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

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in Smart & Final Stores by 85.7% in the second quarter. BlackRock Inc. now owns 3,172,824 shares of the company’s stock valued at $17,610,000 after purchasing an additional 1,464,373 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Smart & Final Stores by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,772,433 shares of the company’s stock valued at $15,387,000 after purchasing an additional 307,158 shares in the last quarter. FMR LLC purchased a new position in Smart & Final Stores in the second quarter valued at about $9,822,000. Russell Investments Group Ltd. grew its stake in Smart & Final Stores by 9.1% in the first quarter. Russell Investments Group Ltd. now owns 1,116,917 shares of the company’s stock valued at $6,199,000 after purchasing an additional 92,930 shares in the last quarter. Finally, Signia Capital Management LLC grew its stake in Smart & Final Stores by 58.4% in the second quarter. Signia Capital Management LLC now owns 1,048,435 shares of the company’s stock valued at $5,818,000 after purchasing an additional 386,339 shares in the last quarter. 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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Analyst Recommendations for Smart & Final Stores (NYSE:SFS)

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