Analysts at J P Morgan Chase & Co initiated coverage on shares of Smart (NYSE:SFS) in a research report issued to clients and investors on Tuesday, December 5th, Marketbeat.com reports. The brokerage set a “neutral” rating and a $9.00 price target on the stock. J P Morgan Chase & Co’s price objective points to a potential upside of 8.43% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. BidaskClub lowered shares of Smart from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Wells Fargo & Company began coverage on shares of Smart in a report on Friday, November 3rd. They set an “outperform” rating and a $9.00 target price on the stock. Citigroup reaffirmed a “neutral” rating and set a $8.50 target price (down previously from $10.00) on shares of Smart in a report on Friday, August 11th. Morgan Stanley dropped their price target on shares of Smart from $7.50 to $7.00 and set an “underweight” rating for the company in a research report on Thursday, November 16th. Finally, ValuEngine cut shares of Smart from a “hold” rating to a “sell” rating in a research report on Friday, November 17th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Smart has an average rating of “Hold” and an average target price of $11.23.
Smart (NYSE:SFS) traded down $0.20 during trading on Tuesday, reaching $8.30. 530,500 shares of the company were exchanged, compared to its average volume of 529,589. The company has a market cap of $622.44, a price-to-earnings ratio of 30.36, a PEG ratio of 4.68 and a beta of 0.62. Smart has a twelve month low of $5.80 and a twelve month high of $15.45. The company has a quick ratio of 0.29, a current ratio of 0.92 and a debt-to-equity ratio of 1.11.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in Smart by 48.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,667,686 shares of the company’s stock valued at $13,091,000 after acquiring an additional 545,814 shares during the last quarter. Boston Partners bought a new position in Smart during the second quarter valued at $4,876,000. Ameriprise Financial Inc. increased its position in Smart by 1,762.8% during the third quarter. Ameriprise Financial Inc. now owns 455,170 shares of the company’s stock valued at $3,574,000 after acquiring an additional 430,735 shares during the last quarter. Signia Capital Management LLC purchased a new stake in Smart in the third quarter worth about $2,487,000. Finally, Franklin Resources Inc. lifted its stake in Smart by 10.3% in the second quarter. Franklin Resources Inc. now owns 3,026,922 shares of the company’s stock worth $27,545,000 after acquiring an additional 282,997 shares during the period.
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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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