Smart (SFS) Downgraded to “Sell” at ValuEngine

ValuEngine lowered shares of Smart (NYSE:SFS) from a hold rating to a sell rating in a report published on Friday morning.

Several other research analysts also recently commented on SFS. Citigroup Inc. reaffirmed a neutral rating and issued a $8.50 price target (down from $10.00) on shares of Smart in a research report on Friday, August 11th. BidaskClub downgraded Smart from a hold rating to a sell rating in a research report on Tuesday, August 8th. Loop Capital dropped their price target on Smart from $15.00 to $11.00 and set a buy rating on the stock in a research report on Thursday, November 16th. Deutsche Bank AG dropped their price target on Smart from $12.00 to $10.00 and set a buy rating on the stock in a research report on Thursday, November 16th. Finally, Zacks Investment Research downgraded Smart from a buy rating to a hold rating in a research report on Friday, August 11th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $11.47.

Smart (SFS) opened at $8.15 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.92 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $589.49, a P/E ratio of 28.75, a price-to-earnings-growth ratio of 4.88 and a beta of 0.25. Smart has a 1 year low of $5.80 and a 1 year high of $15.45.

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In related news, SVP Michael A. Mortensen sold 19,304 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $7.59, for a total value of $146,517.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Joseph S. Tesoriero purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was bought at an average cost of $6.95 per share, for a total transaction of $34,750.00. Following the purchase, the director now owns 20,140 shares in the company, valued at $139,973. The disclosure for this purchase can be found here. Insiders own 8.47% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Aperio Group LLC acquired a new stake in Smart in the 2nd quarter valued at $125,000. American International Group Inc. boosted its stake in Smart by 7.1% in the 1st quarter. American International Group Inc. now owns 14,236 shares of the company’s stock valued at $172,000 after buying an additional 940 shares in the last quarter. Trexquant Investment LP acquired a new stake in Smart in the 2nd quarter valued at $157,000. Highbridge Capital Management LLC acquired a new stake in Smart in the 3rd quarter valued at $140,000. Finally, California Public Employees Retirement System acquired a new stake in Smart in the 2nd quarter valued at $165,000.

About Smart

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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