Trading Report: The Smart & Final Stores Inc. (SFS) Receives $17.22 Average Price Target from Analysts

The Smart & Final Stores Inc. (SFS) Receives $17.22 Average Price Target from Analysts

Shares of Smart & Final Stores Inc. (NYSE:SFS) have earned a consensus recommendation of “Hold” from the thirteen research firms that are covering the stock. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $17.22.

A number of research analysts have weighed in on SFS shares. Zacks Investment Research raised shares of Smart & Final Stores from a “sell” rating to a “hold” rating in a research note on Wednesday, September 28th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Smart & Final Stores in a research note on Sunday, October 2nd. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $15.00 price target (down previously from $18.00) on shares of Smart & Final Stores in a research note on Sunday, July 31st. TheStreet lowered shares of Smart & Final Stores from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. Finally, Barclays PLC assumed coverage on shares of Smart & Final Stores in a research note on Friday, September 23rd. They issued an “equal weight” rating and a $13.00 price target on the stock.

In other Smart & Final Stores news, CEO David G. Hirz sold 106,312 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 163,140 shares of the company’s stock, valued at $2,107,768.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David G. Hirz sold 5,029 shares of the company’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $12.74, for a total transaction of $64,069.46. Following the sale, the chief executive officer now directly owns 154,470 shares in the company, valued at $1,967,947.80. The disclosure for this sale can be found here. Company insiders own 8.97% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Cutler Group LP bought a new position in Smart & Final Stores during the third quarter valued at approximately $158,000. Independent Portfolio Consultants Inc. increased its position in Smart & Final Stores by 3.2% in the third quarter. Independent Portfolio Consultants Inc. now owns 10,815 shares of the company’s stock valued at $138,000 after buying an additional 340 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Smart & Final Stores by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 77,213 shares of the company’s stock valued at $1,150,000 after buying an additional 1,260 shares in the last quarter. Panagora Asset Management Inc. increased its position in Smart & Final Stores by 5.3% in the second quarter. Panagora Asset Management Inc. now owns 337,596 shares of the company’s stock valued at $5,027,000 after buying an additional 17,139 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in Smart & Final Stores during the second quarter valued at approximately $558,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Smart & Final Stores (NYSE:SFS) opened at 12.93 on Wednesday. The company has a 50-day moving average of $12.82 and a 200-day moving average of $14.64. Smart & Final Stores has a 1-year low of $12.16 and a 1-year high of $18.67. The firm has a market capitalization of $955.57 million, a price-to-earnings ratio of 35.14 and a beta of 0.05.

Smart & Final Stores (NYSE:SFS) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.01. Smart & Final Stores had a net margin of 0.67% and a return on equity of 8.36%. The company earned $1.04 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm posted $0.22 EPS. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, equities analysts predict that Smart & Final Stores will post $0.56 earnings per share for the current year.

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