Analysts at Wells Fargo & Company initiated coverage on shares of Smart (NYSE:SFS) in a research report issued on Friday, November 3rd, MarketBeat reports. The firm set an “outperform” rating and a $9.00 price target on the stock. Wells Fargo & Company’s price target would indicate a potential upside of 24.14% from the company’s previous close.
SFS has been the subject of a number of other research reports. BidaskClub downgraded shares of Smart from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 13th. TheStreet downgraded shares of Smart from a “c-” rating to a “d+” rating in a research note on Tuesday, July 18th. Royal Bank Of Canada reissued an “outperform” rating and issued a $19.00 price objective on shares of Smart in a research note on Friday, July 21st. Deutsche Bank AG reissued a “buy” rating and issued a $12.00 price objective (down previously from $14.00) on shares of Smart in a research note on Wednesday, July 26th. Finally, Zacks Investment Research raised shares of Smart from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $12.47.
Smart (NYSE:SFS) opened at $7.25 on Friday. Smart has a 12-month low of $5.80 and a 12-month high of $15.45. The stock has a market capitalization of $551.45, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 1.29 and a beta of 0.25. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.32 and a current ratio of 0.99.
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In other news, Director Joseph S. Tesoriero acquired 5,000 shares of Smart stock in a transaction dated Tuesday, September 12th. The shares were acquired at an average cost of $6.95 per share, for a total transaction of $34,750.00. Following the acquisition, the director now owns 20,140 shares of the company’s stock, valued at $139,973. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Michael A. Mortensen sold 19,304 shares of Smart stock in a transaction on Wednesday, November 1st. The stock was 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 $247,546.65. The disclosure for this sale can be found here. Company insiders own 8.47% of the company’s stock.
A number of large investors have recently made changes to their positions in SFS. Wells Fargo & Company MN increased its stake in Smart by 8.9% in the first quarter. Wells Fargo & Company MN now owns 30,130 shares of the company’s stock valued at $365,000 after purchasing an additional 2,452 shares during the period. Bank of New York Mellon Corp increased its stake in Smart by 12.5% in the first quarter. Bank of New York Mellon Corp now owns 192,131 shares of the company’s stock valued at $2,324,000 after purchasing an additional 21,349 shares during the period. American International Group Inc. increased 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 valued at $172,000 after purchasing an additional 940 shares during the period. Vanguard Group Inc. increased its stake in Smart by 4.5% in the first quarter. Vanguard Group Inc. now owns 2,278,419 shares of the company’s stock valued at $27,569,000 after purchasing an additional 97,761 shares during the period. Finally, Geode Capital Management LLC increased its stake in Smart by 9.2% in the first quarter. Geode Capital Management LLC now owns 216,182 shares of the company’s stock valued at $2,615,000 after purchasing an additional 18,215 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.
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