Smart (NYSE:SFS) SVP Michael A. Mortensen sold 26,980 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $8.86, for a total value of $239,042.80. Following the completion of the sale, the senior vice president now owns 48,191 shares in the company, valued at $426,972.26. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Smart (SFS) traded down 1.76% during midday trading on Monday, hitting $8.35. The stock had a trading volume of 28,916 shares. The company’s 50 day moving average price is $11.89 and its 200-day moving average price is $12.94. Smart has a 1-year low of $8.05 and a 1-year high of $16.16. The firm has a market capitalization of $611.31 million, a PE ratio of 62.31 and a beta of 0.30.
A number of equities analysts have issued reports on the company. Zacks Investment Research raised Smart from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Royal Bank of Canada decreased their price target on Smart from $20.00 to $19.00 and set an “outperform” rating for the company in a research note on Tuesday, March 14th. Loop Capital initiated coverage on Smart in a research note on Monday, May 15th. They set a “buy” rating and a $17.00 price target for the company. Morgan Stanley reissued an “underweight” rating and set a $8.00 price objective (down from $11.00) on shares of Smart in a research note on Monday, June 19th. Finally, Credit Suisse Group reissued a “hold” rating and set a $13.00 price objective on shares of Smart in a research note on Tuesday, March 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $20.50.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Credit Suisse AG raised its position in shares of Smart by 0.4% in the first quarter. Credit Suisse AG now owns 46,587 shares of the company’s stock worth $563,000 after buying an additional 193 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Smart by 6.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 99,367 shares of the company’s stock worth $1,203,000 after buying an additional 5,796 shares during the last quarter. Citadel Advisors LLC raised its position in shares of Smart by 13.7% in the first quarter. Citadel Advisors LLC now owns 29,863 shares of the company’s stock worth $361,000 after buying an additional 3,604 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Smart by 68.2% in the first quarter. Dimensional Fund Advisors LP now owns 744,546 shares of the company’s stock worth $9,009,000 after buying an additional 301,959 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Smart by 9.2% in the first quarter. Geode Capital Management LLC now owns 216,182 shares of the company’s stock worth $2,615,000 after buying an additional 18,215 shares during the last quarter.
Smart & Final Stores, Inc is a food retailer. The Company is engaged in the business of selling fresh perishables and everyday grocery items, together with foodservice, packaging and janitorial products. The Company operates through two segments: Smart & Final, and Cash and Carry. The Smart & Final segment focuses on both household and business customers.
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