Smart & Final (SFS) Hits New 1-Year High and Low at $5.15

Smart & Final (NYSE:SFS) reached a new 52-week high and low on Monday . The company traded as low as $5.15 and last traded at $5.35, with a volume of 605067 shares traded. The stock had previously closed at $5.55.

SFS has been the topic of a number of analyst reports. JPMorgan Chase initiated coverage on shares of Smart & Final in a report on Tuesday, December 5th. They issued a “neutral” rating and a $9.00 target price on the stock. Barclays upgraded shares of Smart & Final from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $8.00 to $12.00 in a report on Tuesday, January 16th. Zacks Investment Research lowered shares of Smart & Final from a “hold” rating to a “sell” rating in a report on Tuesday, March 20th. Loop Capital lowered shares of Smart & Final from a “buy” rating to a “hold” rating and lowered their target price for the stock from $11.00 to $8.00 in a report on Thursday, March 15th. Finally, ValuEngine upgraded shares of Smart & Final from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $10.31.

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The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.34 and a current ratio of 0.97. The company has a market cap of $406.42, a P/E ratio of 15.74, a PEG ratio of 4.18 and a beta of 1.18.

Smart & Final (NYSE:SFS) last posted its quarterly earnings data on Wednesday, March 14th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.04. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. Smart & Final had a negative net margin of 3.04% and a positive return on equity of 5.12%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. analysts expect that Smart & Final will post 0.3 earnings per share for the current year.

In other Smart & Final news, EVP Scott R. Drew sold 36,560 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $8.99, for a total value of $328,674.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.47% of the company’s stock.

A number of large investors have recently bought and sold shares of SFS. California Public Employees Retirement System purchased a new stake in Smart & Final in the 2nd quarter valued at about $165,000. Ameriprise Financial Inc. grew its position in shares of Smart & Final by 1,762.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 455,170 shares of the company’s stock valued at $3,574,000 after acquiring an additional 430,735 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Smart & Final during the 3rd quarter valued at approximately $150,000. Wells Fargo & Company MN grew its position in shares of Smart & Final by 61.9% during the 3rd quarter. Wells Fargo & Company MN now owns 30,480 shares of the company’s stock valued at $239,000 after acquiring an additional 11,652 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Smart & Final by 48.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,667,686 shares of the company’s stock valued at $13,091,000 after acquiring an additional 545,814 shares during the period.

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Smart & Final 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 operates non-membership warehouse-style grocery stores under the Smart & Final banner in California, Arizona, and Nevada, as well as under the Cash & Carry Smart Foodservice banner in Washington, Oregon, Northern California, Idaho, Nevada, Montana, and Utah.

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