Todays Report: The Nationwide Fund Advisors Acquires 62 Shares of Smart & Final Stores Inc. (SFS)

The Nationwide Fund Advisors Acquires 62 Shares of Smart & Final Stores Inc. (SFS)

Nationwide Fund Advisors raised its stake in Smart & Final Stores Inc. (NYSE:SFS) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,513 shares of the company’s stock after buying an additional 62 shares during the period. Nationwide Fund Advisors owned approximately 0.07% of Smart & Final Stores worth $782,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SFS. Independent Portfolio Consultants Inc. increased its stake in shares of Smart & Final Stores by 11.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 10,475 shares of the company’s stock valued at $156,000 after buying an additional 1,045 shares during the period. Suntrust Banks Inc. increased its stake in shares of Smart & Final Stores by 12.4% in the second quarter. Suntrust Banks Inc. now owns 15,793 shares of the company’s stock valued at $234,000 after buying an additional 1,747 shares during the period. First Trust Advisors LP acquired a new stake in shares of Smart & Final Stores during the second quarter valued at $919,000. BlackRock Inc. increased its stake in shares of Smart & Final Stores by 1.6% in the first quarter. BlackRock Inc. now owns 62,972 shares of the company’s stock valued at $1,020,000 after buying an additional 986 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Smart & Final Stores by 14.3% in the second quarter. Bank of New York Mellon Corp now owns 140,528 shares of the company’s stock valued at $2,092,000 after buying an additional 17,596 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Shares of Smart & Final Stores Inc. (NYSE:SFS) traded up 2.08% on Friday, hitting $12.25. 267,668 shares of the stock were exchanged. The company has a market cap of $905.31 million, a P/E ratio of 33.29 and a beta of 0.05. Smart & Final Stores Inc. has a one year low of $11.80 and a one year high of $18.67. The firm’s 50-day moving average is $12.73 and its 200-day moving average is $14.42.

A number of equities research analysts recently commented on the stock. Deutsche Bank AG reduced their price objective on shares of Smart & Final Stores from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, July 29th. RBC Capital Markets restated a “buy” rating and issued a $21.00 price objective on shares of Smart & Final Stores in a research report on Friday, July 22nd. Barclays PLC assumed coverage on shares of Smart & Final Stores in a research report on Friday, September 23rd. They issued an “equal weight” rating and a $13.00 price objective for the company. Zacks Investment Research upgraded shares of Smart & Final Stores from a “sell” rating to a “hold” rating in a research report on Wednesday, September 7th. Finally, TheStreet upgraded shares of Smart & Final Stores from a “sell” rating to a “hold” rating in a research report on Friday, September 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Smart & Final Stores currently has a consensus rating of “Hold” and a consensus target price of $22.00.

In other Smart & Final Stores news, CEO David G. Hirz sold 5,029 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $12.74, for a total transaction of $64,069.46. Following the completion of the transaction, the chief executive officer now directly owns 154,470 shares of the company’s stock, valued at approximately $1,967,947.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David G. Hirz sold 106,312 shares of the business’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $12.92, for a total transaction of $1,373,551.04. Following the transaction, the chief executive officer now directly owns 163,140 shares of the company’s stock, valued at $2,107,768.80. The disclosure for this sale can be found here. Corporate insiders own 8.97% of the company’s stock.

About Smart & Final Stores

Smart & Final Stores, Inc is a food retailer. The Company serves household and business customers through approximately two store banners, including Smart & Final and Cash & Carry. The Company operates through two business segments: Smart & Final and Cash & Carry. The Smart & Final segment is based in Commerce, California and includes over 90 legacy Smart & Final stores and approximately 130 Extra! format stores, which focus on household and business customers and are located in California, Arizona and Nevada.

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