Zacks Investment Research Lowers Smart & Final (SFS) to Sell

Smart & Final (NYSE:SFS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday, March 20th.

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. “

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A number of other research analysts also recently weighed in on SFS. ValuEngine upgraded shares of Smart & Final from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Morgan Stanley cut their price target on shares of Smart & Final from $8.00 to $7.50 and set an “underweight” rating on the stock in a report on Thursday, March 15th. TheStreet downgraded shares of Smart & Final from a “c” rating to a “d+” rating in a report on Wednesday, March 14th. Barclays upgraded shares of Smart & Final from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $8.00 to $12.00 in a report on Tuesday, January 16th. Finally, Loop Capital downgraded shares of Smart & Final from a “buy” rating to a “hold” rating and cut their price target for the company from $11.00 to $8.00 in a report on Thursday, March 15th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $10.31.

SFS stock traded down $0.05 during midday trading on Tuesday, reaching $5.25. The company had a trading volume of 236,619 shares, compared to its average volume of 486,253. Smart & Final has a 1 year low of $5.05 and a 1 year high of $13.95. The company has a quick ratio of 0.34, a current ratio of 0.97 and a debt-to-equity ratio of 1.53. The company has a market cap of $380.79, a price-to-earnings ratio of 15.44, a PEG ratio of 3.92 and a beta of 1.17.

Smart & Final (NYSE:SFS) last released its earnings results on Wednesday, March 14th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. Smart & Final had a negative net margin of 3.04% and a positive return on equity of 5.12%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm earned $0.07 EPS. The company’s revenue was up 6.7% compared to the same quarter last year. research analysts anticipate that Smart & Final will post 0.3 EPS for the current year.

In related news, EVP Scott R. Drew sold 36,560 shares of Smart & Final stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $8.99, for a total value of $328,674.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 9.63% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC raised its holdings in Smart & Final by 20.0% in the 4th quarter. Millennium Management LLC now owns 1,103,237 shares of the company’s stock worth $9,433,000 after acquiring an additional 184,001 shares during the period. Teachers Advisors LLC raised its holdings in Smart & Final by 8.9% in the 4th quarter. Teachers Advisors LLC now owns 72,361 shares of the company’s stock worth $619,000 after acquiring an additional 5,899 shares during the period. Stone Ridge Asset Management LLC bought a new position in Smart & Final in the 4th quarter worth $639,000. Deutsche Bank AG raised its holdings in Smart & Final by 285.5% in the 4th quarter. Deutsche Bank AG now owns 82,062 shares of the company’s stock worth $701,000 after acquiring an additional 60,777 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Smart & Final by 12.4% in the 4th quarter. Franklin Resources Inc. now owns 4,061,674 shares of the company’s stock worth $34,727,000 after acquiring an additional 448,664 shares during the period.

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About Smart & Final

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 operates non-membership warehouse-style grocery stores under the Smart & Final banner in California, Arizona, and Nevada, as well as under the Cash & Carry Smart Foodservice banner in Washington, Oregon, Northern California, Idaho, Nevada, Montana, and Utah.

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