Smart & Final Stores (NYSE:SFS) was downgraded by equities research analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Wednesday, The Fly reports.
Other analysts also recently issued research reports about the stock. ValuEngine raised shares of Smart & Final Stores from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research raised shares of Smart & Final Stores from a “hold” rating to a “buy” rating and set a $7.25 price target for the company in a research report on Saturday, February 9th. Finally, Buckingham Research started coverage on Smart & Final Stores in a research note on Thursday, February 7th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $5.45.
NYSE SFS opened at $5.39 on Wednesday. Smart & Final Stores has a 12-month low of $4.45 and a 12-month high of $7.40. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.08 and a quick ratio of 0.34. The firm has a market capitalization of $419.35 million, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 5.71 and a beta of 1.72.
Smart & Final Stores (NYSE:SFS) last posted its quarterly earnings results on Wednesday, March 13th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). Smart & Final Stores had a negative net margin of 2.37% and a positive return on equity of 6.10%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the business posted $0.15 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, sell-side analysts expect that Smart & Final Stores will post 0.32 earnings per share for the current year.
A number of large investors have recently modified their holdings of the business. California Public Employees Retirement System lifted its stake in Smart & Final Stores by 3.6% during the 4th quarter. California Public Employees Retirement System now owns 51,309 shares of the company’s stock valued at $243,000 after acquiring an additional 1,783 shares in the last quarter. Citigroup Inc. lifted its stake in Smart & Final Stores by 249.3% during the 4th quarter. Citigroup Inc. now owns 12,893 shares of the company’s stock valued at $61,000 after acquiring an additional 9,202 shares in the last quarter. Rhumbline Advisers lifted its stake in Smart & Final Stores by 44.5% during the 4th quarter. Rhumbline Advisers now owns 32,495 shares of the company’s stock valued at $154,000 after acquiring an additional 10,007 shares in the last quarter. Geode Capital Management LLC lifted its stake in Smart & Final Stores by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 264,276 shares of the company’s stock valued at $1,252,000 after acquiring an additional 12,996 shares in the last quarter. Finally, Gotham Asset Management LLC bought a new position in Smart & Final Stores during the 4th quarter valued at $64,000. Institutional investors and hedge funds own 92.35% 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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