Zacks Investment Research downgraded shares of Smart & Final Stores (NYSE:SFS) from a buy rating to a hold rating in a report issued on Wednesday morning.
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. “
A number of other research firms have also issued reports on SFS. ValuEngine raised Smart & Final Stores from a strong sell rating to a sell rating in a report on Wednesday, August 15th. Citigroup began coverage on Smart & Final Stores in a report on Friday, July 6th. They set a neutral rating on the stock. Finally, 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 report on Wednesday, June 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $7.69.
Shares of NYSE SFS traded up $0.15 during midday trading on Wednesday, reaching $5.70. 5,408 shares of the company were exchanged, compared to its average volume of 304,110. The company has a quick ratio of 0.30, a current ratio of 0.97 and a debt-to-equity ratio of 1.52. Smart & Final Stores has a 1 year low of $4.45 and a 1 year high of $10.00. The firm has a market cap of $463.10 million, a P/E ratio of 16.62, a P/E/G ratio of 1.91 and a beta of 1.26.
Smart & Final Stores (NYSE:SFS) last released its quarterly earnings results on Wednesday, July 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.16. Smart & Final Stores had a positive return on equity of 5.62% and a negative net margin of 3.04%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the company posted $0.14 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. analysts anticipate that Smart & Final Stores will post 0.29 earnings per share for the current year.
A number of large investors have recently made changes to their positions in SFS. FMR LLC acquired a new stake in Smart & Final Stores in the second quarter valued at about $9,822,000. BlackRock Inc. lifted its position in Smart & Final Stores by 85.7% in the second quarter. BlackRock Inc. now owns 3,172,824 shares of the company’s stock valued at $17,610,000 after purchasing an additional 1,464,373 shares during the period. Cove Street Capital LLC acquired a new stake in Smart & Final Stores in the second quarter valued at about $5,257,000. Bank of America Corp DE lifted its position in Smart & Final Stores by 1,755.2% in the second quarter. Bank of America Corp DE now owns 520,943 shares of the company’s stock valued at $2,891,000 after purchasing an additional 492,863 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Smart & Final Stores by 18.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,465,275 shares of the company’s stock valued at $13,682,000 after purchasing an additional 387,582 shares during the period. Hedge funds and other institutional investors own 93.25% of the company’s stock.
About Smart & Final Stores
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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