Zacks Investment Research Downgrades Smart (SFS) to Sell

Smart (NYSE:SFS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “Smart & Final Stores, Inc. is a value-oriented food and everyday staples retailer that serves household and business customers. It operates grocery and foodservice stores under the Smart & Final, Smart & Final Extra! and Cash & Carry Smart Foodservice banners in California, Oregon, Washington, Arizona, Nevada, Idaho. The Company’s stores offer various products, including basic grocery, produce, dairy, meat, beverage, foodservice, packaging, and janitorial items. Smart & Final Stores, Inc. is headquartered in Los Angeles. “

Several other equities research analysts have also recently issued reports on the stock. Wells Fargo & Company initiated coverage on shares of Smart in a research report on Friday, November 3rd. They issued an “outperform” rating and a $9.00 target price on the stock. Deutsche Bank AG reissued a “buy” rating and issued a $12.00 target price (down from $14.00) on shares of Smart in a research report on Wednesday, July 26th. Morgan Stanley cut their price target on shares of Smart from $7.50 to $7.00 and set an “underweight” rating on the stock in a report on Thursday, November 16th. BidaskClub upgraded shares of Smart from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Loop Capital cut their price target on shares of Smart from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, November 16th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $11.47.

Shares of Smart (NYSE SFS) opened at $8.15 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.92 and a quick ratio of 0.29. Smart has a 12-month low of $5.80 and a 12-month high of $15.45. The stock has a market cap of $589.49, a P/E ratio of 28.75, a P/E/G ratio of 4.88 and a beta of 0.25.

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In other news, Director Joseph S. Tesoriero acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were bought at an average price of $6.95 per share, for a total transaction of $34,750.00. Following the completion of the purchase, the director now directly owns 20,140 shares of the company’s stock, valued at approximately $139,973. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Michael A. Mortensen sold 19,304 shares of Smart stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $6.11, for a total transaction of $117,947.44. Following the sale, the senior vice president now owns 40,515 shares in the company, valued at approximately $247,546.65. The disclosure for this sale can be found here. Company insiders own 8.47% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of Smart by 8.1% during the second quarter. Victory Capital Management Inc. now owns 3,229,048 shares of the company’s stock valued at $29,384,000 after purchasing an additional 242,135 shares during the period. Franklin Resources Inc. raised its stake in shares of Smart by 10.3% during the second quarter. Franklin Resources Inc. now owns 3,026,922 shares of the company’s stock valued at $27,545,000 after purchasing an additional 282,997 shares during the period. Vanguard Group Inc. raised its stake in shares of Smart by 4.7% during the second quarter. Vanguard Group Inc. now owns 2,386,074 shares of the company’s stock valued at $21,714,000 after purchasing an additional 107,655 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Smart by 48.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,667,686 shares of the company’s stock valued at $13,091,000 after purchasing an additional 545,814 shares during the period. Finally, Boston Partners raised its stake in shares of Smart by 73.5% during the third quarter. Boston Partners now owns 929,980 shares of the company’s stock valued at $7,301,000 after purchasing an additional 394,100 shares during the period.

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.

Analyst Recommendations for Smart (NYSE:SFS)

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