Analysts Set Smart (SFS) Target Price at $11.69

Shares of Smart (NYSE:SFS) have been assigned an average rating of “Hold” from the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $11.69.

SFS has been the subject of a number of analyst reports. BidaskClub lowered shares of Smart from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered shares of Smart from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Citigroup reiterated a “neutral” rating and set a $8.50 target price (down from $10.00) on shares of Smart in a report on Friday, August 11th. Wells Fargo & Company initiated coverage on shares of Smart in a report on Friday, November 3rd. They set an “outperform” rating and a $9.00 target price for the company. Finally, Loop Capital dropped their target price on shares of Smart from $15.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, November 16th.

Smart (NYSE:SFS) traded up $0.40 during trading on Friday, hitting $9.50. 860,067 shares of the stock were exchanged, compared to its average volume of 530,459. The company has a current ratio of 0.92, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $666.38, a price-to-earnings ratio of 32.50, a P/E/G ratio of 5.01 and a beta of 0.62. Smart has a one year low of $5.80 and a one year high of $15.45.

In related news, VP Eleanor Hong sold 6,400 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $8.00, for a total value of $51,200.00. Following the completion of the transaction, the vice president now directly owns 59,922 shares of the company’s stock, valued at $479,376. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Scott R. Drew sold 54,840 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $7.94, for a total transaction of $435,429.60. Following the completion of the transaction, the executive vice president now directly owns 98,488 shares of the company’s stock, valued at $781,994.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,848 shares of company stock valued at $751,094. 8.47% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Verition Fund Management LLC bought a new position in shares of Smart during the second quarter valued at approximately $173,000. Credit Suisse AG increased its position in shares of Smart by 0.4% during the first quarter. Credit Suisse AG now owns 46,587 shares of the company’s stock valued at $563,000 after acquiring an additional 193 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Smart by 6.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 99,367 shares of the company’s stock valued at $1,203,000 after acquiring an additional 5,796 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Smart by 4.7% during the second quarter. Vanguard Group Inc. now owns 2,386,074 shares of the company’s stock valued at $21,714,000 after acquiring an additional 107,655 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of Smart by 142.7% during the second quarter. Nationwide Fund Advisors now owns 34,184 shares of the company’s stock valued at $311,000 after acquiring an additional 20,100 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: This article was first posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.chaffeybreeze.com/2017/12/04/analysts-set-smart-sfs-target-price-at-11-69.html.

Smart Company Profile

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.

Analyst Recommendations for Smart (NYSE:SFS)

Receive News & Ratings for Smart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply