Smart & Final Stores (SFS) Trading Down 5.8%

Smart & Final Stores Inc (NYSE:SFS)’s share price was down 5.8% during mid-day trading on Friday . The stock traded as low as $6.45 and last traded at $6.45. Approximately 622,848 shares were traded during trading, an increase of 32% from the average daily volume of 472,592 shares. The stock had previously closed at $6.85.

Several equities analysts recently issued reports on SFS shares. ValuEngine lowered Smart & Final Stores from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 13th. Morgan Stanley lowered their price target on Smart & Final Stores from $6.50 to $4.50 and set an “underweight” rating on the stock in a research note on Wednesday, June 20th. Citigroup started coverage on Smart & Final Stores in a research note on Friday, July 6th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research upgraded Smart & Final Stores from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a research note on Tuesday, July 31st. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $7.69.

The company has a quick ratio of 0.30, a current ratio of 0.97 and a debt-to-equity ratio of 1.52. The firm has a market cap of $508.65 million, a price-to-earnings ratio of 18.97, a P/E/G ratio of 2.10 and a beta of 1.26.

Smart & Final Stores (NYSE:SFS) last released its quarterly earnings data on Wednesday, July 25th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. Smart & Final Stores had a positive return on equity of 5.62% and a negative net margin of 3.04%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 earnings per share. equities research analysts predict that Smart & Final Stores Inc will post 0.29 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC acquired a new position in shares of Smart & Final Stores in the 2nd quarter worth approximately $9,822,000. BlackRock Inc. boosted its holdings in shares of Smart & Final Stores by 85.7% in the 2nd quarter. BlackRock Inc. now owns 3,172,824 shares of the company’s stock worth $17,610,000 after acquiring an additional 1,464,373 shares in the last quarter. Cove Street Capital LLC acquired a new position in shares of Smart & Final Stores in the 2nd quarter worth approximately $5,257,000. Bank of America Corp DE boosted its holdings in shares of Smart & Final Stores by 1,755.2% in the 2nd quarter. Bank of America Corp DE now owns 520,943 shares of the company’s stock worth $2,891,000 after acquiring an additional 492,863 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Smart & Final Stores by 18.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,465,275 shares of the company’s stock worth $13,682,000 after acquiring an additional 387,582 shares in the last quarter. 93.26% of the stock is currently owned by institutional investors.

About Smart & Final Stores (NYSE:SFS)

Smart & Final Stores, Inc operates as a food retailer in the United States. It operates in two segments, Smart & Final, and Cash & Carry Smart Foodservice. The company's stores offer fresh perishables and everyday grocery items, such as produce, meat and deli, dairy and cheese, grocery, and beverage products, as well as paper and packaging, and restaurant equipment and janitorial supplies.

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