Aperio Group LLC bought a new position in Smart (NYSE:SFS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 13,742 shares of the company’s stock, valued at approximately $125,000.
A number of other large investors also recently made changes to their positions in the stock. American International Group Inc. lifted its stake in Smart by 7.1% in the first quarter. American International Group Inc. now owns 14,236 shares of the company’s stock worth $172,000 after purchasing an additional 940 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of Smart by 41.7% during the first quarter. Suntrust Banks Inc. now owns 24,942 shares of the company’s stock valued at $301,000 after acquiring an additional 7,344 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of Smart by 13.7% during the first quarter. Citadel Advisors LLC now owns 29,863 shares of the company’s stock valued at $361,000 after acquiring an additional 3,604 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Smart by 8.9% during the first quarter. Wells Fargo & Company MN now owns 30,130 shares of the company’s stock valued at $365,000 after acquiring an additional 2,452 shares during the last quarter. Finally, Credit Suisse AG raised its stake in shares of Smart by 0.4% during the first quarter. Credit Suisse AG now owns 46,587 shares of the company’s stock valued at $563,000 after acquiring an additional 193 shares during the last quarter.
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In other news, Director Joseph S. Tesoriero purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was acquired at an average price of $6.95 per share, with a total value of $34,750.00. Following 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 legal filing with the SEC, which is available at this hyperlink. Also, SVP Michael A. Mortensen sold 26,980 shares of Smart stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $8.26, for a total value of $222,854.80. Following the transaction, the senior vice president now directly owns 48,191 shares of the company’s stock, valued at approximately $398,057.66. The disclosure for this sale can be found here. Company insiders own 8.47% of the company’s stock.
A number of research firms recently issued reports on SFS. BidaskClub cut shares of Smart from a “sell” rating to a “strong sell” rating in a report on Thursday, July 13th. Morgan Stanley reiterated an “underweight” rating and set a $8.00 price target (down previously from $11.00) on shares of Smart in a report on Monday, June 19th. Zacks Investment Research cut shares of Smart from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Citigroup Inc. reiterated a “neutral” rating and set a $8.50 price target (down previously from $10.00) on shares of Smart in a report on Friday, August 11th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $19.00 price target on shares of Smart in a report on Friday, July 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $18.83.
Smart (NYSE:SFS) opened at 7.30 on Friday. Smart has a 12 month low of $6.60 and a 12 month high of $15.45. The company has a market cap of $540.35 million, a P/E ratio of 60.83 and a beta of 0.31. The company’s 50-day moving average is $7.44 and its 200-day moving average is $10.23.
Smart (NYSE:SFS) last announced its earnings results on Tuesday, July 25th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). Smart had a return on equity of 4.14% and a net margin of 0.21%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the business posted $0.20 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. On average, equities research analysts expect that Smart will post $0.49 EPS for the current fiscal year.
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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