Smart & Final Stores (SFS) Raised to Hold at ValuEngine

ValuEngine upgraded shares of Smart & Final Stores (NYSE:SFS) from a sell rating to a hold rating in a research note released on Saturday morning, ValuEngine reports.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Smart & Final Stores from a hold rating to a buy rating and set a $5.75 price target on the stock in a report on Wednesday, March 20th. Buckingham Research initiated coverage on shares of Smart & Final Stores in a report on Thursday, February 7th. They issued a neutral rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $5.45.

Smart & Final Stores stock opened at $5.48 on Friday. The stock has a market capitalization of $407.87 million, a price-to-earnings ratio of 18.27, a P/E/G ratio of 5.55 and a beta of 1.72. The company has a current ratio of 1.08, a quick ratio of 0.34 and a debt-to-equity ratio of 2.07. Smart & Final Stores has a twelve month low of $4.45 and a twelve month high of $7.40.

Smart & Final Stores (NYSE:SFS) last released its quarterly earnings results on Wednesday, March 13th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.04). The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Smart & Final Stores had a negative net margin of 2.37% and a positive return on equity of 6.10%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 earnings per share. As a group, equities analysts forecast that Smart & Final Stores will post 0.32 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System increased its holdings in shares of Smart & Final Stores by 3.6% during the fourth quarter. California Public Employees Retirement System now owns 51,309 shares of the company’s stock worth $243,000 after purchasing an additional 1,783 shares during the period. Citigroup Inc. increased its holdings in shares of Smart & Final Stores by 249.3% during the fourth quarter. Citigroup Inc. now owns 12,893 shares of the company’s stock worth $61,000 after purchasing an additional 9,202 shares during the period. Rhumbline Advisers increased its holdings in shares of Smart & Final Stores by 44.5% during the fourth quarter. Rhumbline Advisers now owns 32,495 shares of the company’s stock worth $154,000 after purchasing an additional 10,007 shares during the period. Geode Capital Management LLC increased its holdings in shares of Smart & Final Stores by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 264,276 shares of the company’s stock worth $1,252,000 after purchasing an additional 12,996 shares during the period. Finally, Gotham Asset Management LLC bought a new position in shares of Smart & Final Stores during the fourth quarter worth approximately $64,000. 92.35% of the stock is currently owned by institutional investors.

About Smart & Final Stores

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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