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.
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.
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.
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