The Smart & Final Stores Inc. (SFS) Receives $22.20 Average Price Target from Analysts

The Smart & Final Stores Inc. (SFS) Receives $22.20 Average Price Target from Analysts

Shares of Smart & Final Stores Inc. (NYSE:SFS) have earned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the company. One 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. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $22.20.

SFS has been the topic of several recent analyst reports. 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. 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 downgraded shares of Smart & Final Stores from a “hold” rating to a “sell” rating in a research note on Friday, October 28th. DA Davidson reiterated a “neutral” rating and set a $72.00 target price on shares of Smart & Final Stores in a report on Saturday, October 15th. Finally, Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Smart & Final Stores in a report on Sunday, October 2nd.

In related news, EVP Scott R. Drew sold 56,500 shares of the stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $13.31, for a total value of $752,015.00. Following the completion of the transaction, the executive vice president now directly owns 35,633 shares of the company’s stock, valued at approximately $474,275.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David G. Hirz sold 111,153 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $13.47, for a total transaction of $1,497,230.91. Following the completion of the transaction, the chief executive officer now directly owns 223,305 shares of the company’s stock, valued at $3,007,918.35. The disclosure for this sale can be found here. Insiders sold a total of 411,979 shares of company stock worth $5,656,453 over the last 90 days. Company insiders own 8.97% of the company’s stock.

Several institutional investors have recently made changes to their positions in SFS. GW&K Investment Management LLC raised its position in shares of Smart & Final Stores by 12.0% in the second quarter. GW&K Investment Management LLC now owns 191,587 shares of the company’s stock valued at $2,853,000 after buying an additional 20,552 shares during the last quarter. Hood River Capital Management LLC raised its position in shares of Smart & Final Stores by 15.5% in the second quarter. Hood River Capital Management LLC now owns 369,193 shares of the company’s stock valued at $5,497,000 after buying an additional 49,518 shares during the last quarter. Kalmar Investments Inc. DE raised its position in shares of 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 valued at $17,730,000 after buying an additional 50,302 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Smart & Final Stores by 14.3% in the second quarter. Bank of New York Mellon Corp now owns 140,528 shares of the company’s stock valued at $2,092,000 after buying an additional 17,596 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in shares of Smart & Final Stores during the second quarter valued at approximately $919,000.

Smart & Final Stores (NYSE:SFS) opened at 15.15 on Friday. Smart & Final Stores has a one year low of $11.55 and a one year high of $16.72. The firm has a 50-day moving average of $13.87 and a 200 day moving average of $13.58. The stock has a market capitalization of $1.10 billion, a PE ratio of 50.67 and a beta of 0.26.

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

About Smart & Final Stores

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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