Smart & Final Stores (SFS) Coverage Initiated at Buckingham Research

Investment analysts at Buckingham Research initiated coverage on shares of Smart & Final Stores (NYSE:SFS) in a report released on Thursday, The Fly reports. The firm set a “neutral” rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research raised Smart & Final Stores from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a research report on Tuesday, November 20th. ValuEngine raised Smart & Final Stores from a “strong sell” rating to a “sell” rating in a research report on Friday, October 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $6.04.

Smart & Final Stores stock traded down $0.02 during trading hours on Thursday, reaching $6.58. 320,146 shares of the company were exchanged, compared to its average volume of 485,586. The stock has a market capitalization of $490.25 million, a P/E ratio of 19.35, a PEG ratio of 7.17 and a beta of 1.76. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 1.49. Smart & Final Stores has a 12 month low of $4.45 and a 12 month high of $9.00.

Smart & Final Stores (NYSE:SFS) last announced its earnings results on Wednesday, November 14th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Smart & Final Stores had a positive return on equity of 7.00% and a negative net margin of 2.91%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 earnings per share. Sell-side analysts anticipate that Smart & Final Stores will post 0.32 earnings per share for the current year.

In other Smart & Final Stores news, SVP Michael A. Mortensen sold 21,977 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $6.32, for a total transaction of $138,894.64. Following the completion of the sale, the senior vice president now owns 76,707 shares of the company’s stock, valued at $484,788.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.63% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new position in shares of Smart & Final Stores during the third quarter worth approximately $416,000. Panagora Asset Management Inc. acquired a new position in shares of Smart & Final Stores during the third quarter worth approximately $141,000. Vanguard Group Inc lifted its holdings in shares of Smart & Final Stores by 2.5% during the third quarter. Vanguard Group Inc now owns 2,608,904 shares of the company’s stock worth $14,871,000 after buying an additional 63,437 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Smart & Final Stores by 1,755.2% during the second quarter. Bank of America Corp DE now owns 520,943 shares of the company’s stock worth $2,891,000 after buying an additional 492,863 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Smart & Final Stores by 31.8% during the third quarter. Bank of Montreal Can now owns 332,177 shares of the company’s stock worth $1,893,000 after buying an additional 80,229 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Smart & Final Stores Company Profile

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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