Smart (SFS) Updates FY17 Earnings Guidance

Smart (NYSE:SFS) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.50-0.52 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.49.

A number of analysts recently commented on SFS shares. BidaskClub downgraded shares of Smart from a sell rating to a strong sell rating in a report on Thursday, July 13th. Zacks Investment Research upgraded shares of Smart from a sell rating to a hold rating in a report on Wednesday, July 5th. Royal Bank Of Canada reiterated an outperform rating and issued a $19.00 target price on shares of Smart in a report on Friday. TheStreet downgraded shares of Smart from a c- rating to a d+ rating in a report on Tuesday, July 18th. Finally, Loop Capital started coverage on shares of Smart in a report on Monday, May 15th. They issued a buy rating and a $17.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $20.50.

Shares of Smart (NYSE:SFS) traded up 1.89% on Tuesday, reaching $8.10. 822,637 shares of the company were exchanged. The stock has a market capitalization of $593.01 million, a P/E ratio of 60.45 and a beta of 0.31. The stock has a 50 day moving average price of $9.53 and a 200-day moving average price of $12.24. Smart has a 12 month low of $7.45 and a 12 month high of $15.88.

In other Smart news, EVP Scott R. Drew sold 21,000 shares of the firm’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael A. Mortensen sold 26,980 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was 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 sold a total of 101,940 shares of company stock worth $1,097,389 over the last quarter. 8.47% of the stock is currently owned by corporate insiders.

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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.

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