The Ares Management LLC Holds Stake in Smart & Final Stores Inc. (SFS)

The Ares Management LLC Holds Stake in Smart & Final Stores Inc. (SFS)

Ares Management LLC maintained its position in shares of Smart & Final Stores Inc. (NYSE:SFS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,218,762 shares of the company’s stock at the end of the third quarter. Smart & Final Stores makes up approximately 36.2% of Ares Management LLC’s holdings, making the stock its largest position. Ares Management LLC owned approximately 0.60% of Smart & Final Stores worth $564,674,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SFS. Victory Capital Management Inc. boosted its stake in Smart & Final Stores by 50,843.5% in the third quarter. Victory Capital Management Inc. now owns 2,356,139 shares of the company’s stock worth $30,088,000 after buying an additional 2,351,514 shares in the last quarter. Vanguard Group Inc. boosted its stake in Smart & Final Stores by 5.6% in the second quarter. Vanguard Group Inc. now owns 2,168,930 shares of the company’s stock worth $32,295,000 after buying an additional 114,310 shares in the last quarter. Kalmar Investments Inc. DE boosted its stake in Smart & Final Stores by 4.4% in the second quarter. Kalmar Investments Inc. DE now owns 1,190,703 shares of the company’s stock worth $17,730,000 after buying an additional 50,302 shares in the last quarter. Empyrean Capital Partners LP boosted its stake in Smart & Final Stores by 35.5% in the third quarter. Empyrean Capital Partners LP now owns 1,125,000 shares of the company’s stock worth $14,366,000 after buying an additional 294,931 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in Smart & Final Stores by 8.3% in the third quarter. BlackRock Fund Advisors now owns 605,513 shares of the company’s stock worth $7,732,000 after buying an additional 46,455 shares in the last quarter.

Smart & Final Stores Inc. (NYSE:SFS) opened at 15.05 on Friday. Smart & Final Stores Inc. has a 52 week low of $11.55 and a 52 week high of $16.72. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 50.33 and a beta of 0.26. The stock’s 50 day moving average price is $13.98 and its 200 day moving average price is $13.56.

Smart & Final Stores (NYSE:SFS) last announced its earnings results on Wednesday, November 16th. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. Smart & Final Stores had a return on equity of 7.98% and a net margin of 0.53%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 earnings per share. On average, equities research analysts predict that Smart & Final Stores Inc. will post $0.57 EPS for the current year.

Several brokerages recently commented on SFS. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $13.00 price target on shares of Smart & Final Stores in a research note on Thursday, November 17th. Barclays PLC began coverage on Smart & Final Stores in a research note on Friday, September 23rd. They issued an “equal weight” rating and a $13.00 price target on the stock. RBC Capital Markets reaffirmed an “outperform” rating and issued a $21.00 price target on shares of Smart & Final Stores in a research note on Thursday, November 17th. Zacks Investment Research raised Smart & Final Stores from a “sell” rating to a “hold” rating in a research note on Wednesday, December 28th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $72.00 price target on shares of Smart & Final Stores in a research note on Saturday, October 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.73.

In other Smart & Final Stores news, CEO David G. Hirz sold 111,153 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $13.47, for a total transaction of $1,497,230.91. Following the transaction, the chief executive officer now owns 223,305 shares in the company, valued at approximately $3,007,918.35. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO David G. Hirz sold 17,143 shares of the firm’s stock in a transaction on Monday, December 5th. The stock was sold at an average price of $13.15, for a total value of $225,430.45. Following the transaction, the chief executive officer now owns 230,049 shares in the company, valued at approximately $3,025,144.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 411,979 shares of company stock worth $5,656,453. 8.97% of the stock is owned by corporate insiders.

Smart & Final Stores Company Profile

Smart & Final Stores, Inc is a food retailer. The Company serves household and business customers through approximately two store banners, including Smart & Final and Cash & Carry. The Company operates through two business segments: Smart & Final and Cash & Carry. The Smart & Final segment is based in Commerce, California and includes over 90 legacy Smart & Final stores and approximately 130 Extra! format stores, which focus on household and business customers and are located in California, Arizona and Nevada.

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