Smart (SFS) Receives New Coverage from Analysts at J P Morgan Chase & Co

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.

In related news, EVP Scott R. Drew sold 54,840 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $7.94, for a total value of $435,429.60. Following the sale, the executive vice president now owns 98,488 shares in the company, valued at $781,994.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael A. Mortensen sold 19,304 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $7.59, for a total transaction of $146,517.36. The disclosure for this sale can be found here. Insiders have sold 109,500 shares of company stock worth $836,611 in the last ninety days. Insiders own 8.47% of the company’s stock.

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.

WARNING: “Smart (SFS) Receives New Coverage from Analysts at J P Morgan Chase & Co” was first reported by Week Herald and is the sole property of of Week Herald. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://weekherald.com/2017/12/15/smart-sfs-now-covered-by-analysts-at-j-p-morgan-chase-co.html.

About Smart

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.

Analyst Recommendations for Smart (NYSE:SFS)

Receive News & Ratings for Smart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply