The Independent Portfolio Consultants Inc. invests in Smart & Final Stores Inc. (SFS) Shares

The Independent Portfolio Consultants Inc. invests in Smart & Final Stores Inc. (SFS) Shares

Independent Portfolio Consultants Inc. boosted its stake in shares of Smart & Final Stores Inc. (NYSE:SFS) by 3.2% during the third quarter, Holdings Channel reports. The fund owned 10,815 shares of the company’s stock after buying an additional 340 shares during the period. Independent Portfolio Consultants Inc.’s holdings in Smart & Final Stores were worth $138,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. 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 during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Smart & Final Stores by 5.3% in the second quarter. Panagora Asset Management Inc. now owns 337,596 shares of the company’s stock worth $5,027,000 after buying an additional 17,139 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Smart & Final Stores during the second quarter worth about $558,000. Parametric Portfolio Associates LLC boosted its stake in shares of Smart & Final Stores by 16.7% in the second quarter. Parametric Portfolio Associates LLC now owns 77,380 shares of the company’s stock worth $1,152,000 after buying an additional 11,071 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of Smart & Final Stores during the second quarter worth about $4,399,000.

Shares of Smart & Final Stores Inc. (NYSE:SFS) remained flat at $13.55 on Friday. The company’s stock had a trading volume of 95,127 shares. The firm has a 50-day moving average price of $12.78 and a 200-day moving average price of $14.01. Smart & Final Stores Inc. has a 52 week low of $11.55 and a 52 week high of $18.67. The stock has a market capitalization of $984.15 million, a price-to-earnings ratio of 45.32 and a beta of 0.10.

Smart & Final Stores (NYSE:SFS) last issued its quarterly earnings results on Wednesday, November 16th. The company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Smart & Final Stores had a net margin of 0.53% and a return on equity of 7.98%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 EPS. Equities analysts forecast that Smart & Final Stores Inc. will post $0.57 EPS for the current fiscal year.

A number of equities research analysts have issued reports on SFS shares. RBC Capital Markets set a $21.00 target price on shares of Smart & Final Stores and gave the company a “buy” rating in a report on Saturday, September 17th. Barclays PLC started coverage on shares of Smart & Final Stores in a report on Friday, September 23rd. They set an “equal weight” rating and a $13.00 target price on the stock. Zacks Investment Research raised shares of Smart & Final Stores from a “sell” rating to a “hold” rating in a report on Wednesday, September 7th. TheStreet raised shares of Smart & Final Stores from a “sell” rating to a “hold” rating in a report on Friday, September 2nd. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $13.00 target price on shares of Smart & Final Stores in a report on Thursday, November 17th. Two 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. The stock currently has an average rating of “Hold” and an average target price of $21.73.

In other news, CEO David G. Hirz sold 106,312 shares of Smart & Final Stores 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 transaction, the chief executive officer now owns 163,140 shares in the company, valued at approximately $2,107,768.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David G. Hirz sold 5,029 shares of Smart & Final Stores 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 transaction, the chief executive officer now owns 154,470 shares in the company, valued at approximately $1,967,947.80. The disclosure for this sale can be found here. 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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