Smart (NYSE:SFS) SVP Michael A. Mortensen sold 26,980 shares of the firm’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $8.26, for a total value of $222,854.80. Following the transaction, the senior vice president now owns 48,191 shares of the company’s stock, valued at $398,057.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Smart (NYSE:SFS) traded down 3.53% on Monday, reaching $8.20. The company’s stock had a trading volume of 387,459 shares. The stock has a market cap of $600.33 million, a PE ratio of 61.19 and a beta of 0.30. The company’s 50 day moving average price is $11.89 and its 200-day moving average price is $12.94. Smart has a 12-month low of $8.05 and a 12-month high of $16.16.
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A number of brokerages have weighed in on SFS. Credit Suisse Group reiterated a “hold” rating and issued a $13.00 target price on shares of Smart in a report on Tuesday, March 14th. Royal Bank of Canada reduced their price objective on Smart from $20.00 to $19.00 and set an “outperform” rating for the company in a research note on Tuesday, March 14th. Zacks Investment Research raised Smart from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Loop Capital assumed coverage on Smart in a research note on Monday, May 15th. They issued a “buy” rating and a $17.00 price objective for the company. Finally, Morgan Stanley reissued an “underweight” rating and issued a $8.00 price objective (down previously from $11.00) on shares of Smart in a research note on Monday, June 19th. 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’s stock. Smart currently has an average rating of “Hold” and an average target price of $20.50.
A number of hedge funds have recently modified their holdings of the stock. Atria Investments LLC increased its stake in shares of Smart by 4.0% in the first quarter. Atria Investments LLC now owns 12,424 shares of the company’s stock valued at $150,000 after buying an additional 477 shares in the last quarter. American International Group Inc. increased its position in Smart by 7.1% in the first quarter. American International Group Inc. now owns 14,236 shares of the company’s stock worth $172,000 after buying an additional 940 shares during the period. Suntrust Banks Inc. increased its position in Smart by 41.7% in the first quarter. Suntrust Banks Inc. now owns 24,942 shares of the company’s stock worth $301,000 after buying an additional 7,344 shares during the period. Citadel Advisors LLC increased its position in 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 period. Finally, Wells Fargo & Company MN increased its position in Smart by 8.9% in the first quarter. Wells Fargo & Company MN now owns 30,130 shares of the company’s stock worth $365,000 after buying an additional 2,452 shares during the period.
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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