Goldman Sachs Group Inc. Has $947,000 Position in Smart (SFS)

Goldman Sachs Group Inc. lowered its position in shares of Smart (NYSE:SFS) by 36.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 78,258 shares of the company’s stock after selling 45,031 shares during the period. Goldman Sachs Group Inc. owned about 0.11% of Smart worth $947,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Atria Investments LLC boosted its stake in shares of Smart by 4.0% in the first quarter. Atria Investments LLC now owns 12,424 shares of the company’s stock worth $150,000 after buying an additional 477 shares during the last quarter. American International Group Inc. boosted its stake in shares of Smart by 7.1% in the first quarter. American International Group Inc. now owns 14,236 shares of the company’s stock worth $172,000 after buying an additional 940 shares during the last quarter. Suntrust Banks Inc. boosted its stake in shares of Smart by 41.7% in the first quarter. Suntrust Banks Inc. now owns 24,942 shares of the company’s stock worth $301,000 after buying an additional 7,344 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of Smart by 13.7% in the first quarter. Citadel Advisors LLC now owns 29,863 shares of the company’s stock worth $361,000 after buying an additional 3,604 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Smart by 8.9% in the first quarter. Wells Fargo & Company MN now owns 30,130 shares of the company’s stock worth $365,000 after buying an additional 2,452 shares during the last quarter.

Smart (SFS) traded up 2.318% on Monday, hitting $7.725. 114,899 shares of the stock traded hands. The company’s 50 day moving average price is $8.30 and its 200-day moving average price is $11.66. The stock has a market cap of $571.80 million, a price-to-earnings ratio of 64.375 and a beta of 0.28. Smart has a 52-week low of $7.30 and a 52-week high of $15.45.

Smart (NYSE:SFS) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.04. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Smart had a return on equity of 4.14% and a net margin of 0.21%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 EPS. On average, analysts forecast that Smart will post $0.49 earnings per share for the current fiscal year.

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A number of equities research analysts have issued reports on SFS shares. Zacks Investment Research raised shares of Smart from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a report on Tuesday, August 1st. Deutsche Bank AG reissued a “buy” rating and set a $12.00 target price (down previously from $14.00) on shares of Smart in a report on Wednesday, July 26th. Royal Bank Of Canada reissued a “buy” rating and set a $19.00 target price on shares of Smart in a report on Thursday, May 18th. Loop Capital started coverage on shares of Smart in a report on Monday, May 15th. They set a “buy” rating and a $17.00 target price on the stock. Finally, TheStreet cut shares of Smart from a “c-” rating to a “d+” rating in a report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $18.83.

In other news, EVP Scott R. Drew sold 21,000 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $13.02, for a total transaction of $273,420.00. Following the sale, the executive vice president now directly owns 64,648 shares in the company, valued at approximately $841,716.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael A. Mortensen sold 26,980 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $13.42, for a total transaction of $362,071.60. Following the sale, the senior vice president now owns 48,191 shares in the company, valued at $646,723.22. The disclosure for this sale can be found here. Insiders have sold a total of 101,940 shares of company stock worth $1,097,389 in the last quarter. Corporate insiders own 8.47% of the company’s stock.

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.

Institutional Ownership by Quarter for Smart (NYSE:SFS)

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