Smart (NYSE:SFS) SVP Michael A. Mortensen sold 9,652 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $8.86, for a total transaction of $85,516.72. Following the completion of the transaction, the senior vice president now directly owns 30,863 shares of the company’s stock, valued at approximately $273,446.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Smart (NYSE SFS) remained flat at $$8.80 during mid-day trading on Thursday. The stock had a trading volume of 302,400 shares, compared to its average volume of 529,999. The stock has a market cap of $643.98, a P/E ratio of 31.43, a PEG ratio of 4.85 and a beta of 0.62. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.92 and a quick ratio of 0.29. Smart has a 12 month low of $5.80 and a 12 month high of $15.45.
Several institutional investors have recently added to or reduced their stakes in SFS. Vanguard Group Inc. increased its stake in shares of 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 buying an additional 97,761 shares during the period. Geode Capital Management LLC increased its stake in shares of 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 buying an additional 18,215 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Smart by 68.2% in the first quarter. Dimensional Fund Advisors LP now owns 744,546 shares of the company’s stock valued at $9,009,000 after buying an additional 301,959 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Smart by 6.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 99,367 shares of the company’s stock valued at $1,203,000 after buying an additional 5,796 shares during the period. Finally, Credit Suisse AG increased its stake in shares of Smart by 0.4% in the first quarter. Credit Suisse AG now owns 46,587 shares of the company’s stock valued at $563,000 after buying an additional 193 shares during the period.
A number of research analysts have recently commented on SFS shares. Zacks Investment Research cut shares of Smart from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st. J P Morgan Chase & Co started coverage on shares of Smart in a report on Tuesday. They issued a “neutral” rating and a $9.00 target price for the company. ValuEngine cut shares of Smart from a “hold” rating to a “sell” rating in a report on Friday, November 17th. Citigroup reissued a “neutral” rating and issued a $8.50 target price (down previously from $10.00) on shares of Smart in a report on Friday, August 11th. Finally, Deutsche Bank dropped their target price on shares of Smart from $12.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, November 16th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Smart has an average rating of “Hold” and an average price target of $11.23.
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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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