Insider Buying: Smart (SFS) Director Purchases $34,750.00 in Stock

Smart (NYSE:SFS) Director Joseph S. Tesoriero bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were bought at an average price of $6.95 per share, with a total value of $34,750.00. Following the transaction, the director now directly owns 20,140 shares in the company, valued at $139,973. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Smart (NYSE SFS) traded up 2.08% during trading on Friday, reaching $7.35. The company’s stock had a trading volume of 1,174,236 shares. Smart has a 52-week low of $6.60 and a 52-week high of $15.45. The company has a market cap of $544.05 million, a PE ratio of 61.25 and a beta of 0.31. The firm’s 50-day moving average is $7.52 and its 200 day moving average is $10.37.

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

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of Smart by 50.5% in the 1st quarter. Wellington Management Group LLP now owns 7,771,127 shares of the company’s stock valued at $94,031,000 after acquiring an additional 2,608,286 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Smart by 8.1% in the 2nd quarter. Victory Capital Management Inc. now owns 3,229,048 shares of the company’s stock valued at $29,384,000 after acquiring an additional 242,135 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Smart by 10.3% in the 2nd quarter. Franklin Resources Inc. now owns 3,026,922 shares of the company’s stock valued at $27,545,000 after acquiring an additional 282,997 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Smart by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,386,074 shares of the company’s stock valued at $21,714,000 after acquiring an additional 107,655 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Smart by 50.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,121,872 shares of the company’s stock valued at $10,209,000 after acquiring an additional 377,326 shares during the last quarter.

SFS has been the subject of several analyst reports. Morgan Stanley restated an “underweight” rating and set a $8.00 target price (down previously from $11.00) on shares of Smart in a research report on Monday, June 19th. Zacks Investment Research downgraded Smart from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Deutsche Bank AG restated a “buy” rating and set a $12.00 target price (down previously from $14.00) on shares of Smart in a research report on Wednesday, July 26th. TheStreet downgraded Smart from a “c-” rating to a “d+” rating in a research report on Tuesday, July 18th. Finally, Citigroup Inc. restated a “neutral” rating and set a $8.50 target price (down previously from $10.00) on shares of Smart in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Smart has an average rating of “Hold” and an average target price of $18.83.

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.

Insider Buying and Selling by Quarter for Smart (NYSE:SFS)

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