Smart & Final Stores (SFS) Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Smart & Final Stores (NYSE:SFS) from a buy rating to a hold rating in a report published on Saturday, Zacks.com reports.

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. “

SFS has been the topic of a number of other research reports. Buckingham Research assumed coverage on shares of Smart & Final Stores in a research note on Thursday, February 7th. They set a neutral rating on the stock. ValuEngine downgraded shares of Smart & Final Stores from a hold rating to a sell rating in a research note on Monday, April 1st. Wells Fargo & Co downgraded shares of Smart & Final Stores from an outperform rating to a market perform rating and set a $6.48 price target on the stock. in a research note on Wednesday. Finally, Morgan Stanley raised shares of Smart & Final Stores from an underweight rating to an equal weight rating and set a $6.47 price target on the stock in a research note on Wednesday. Eight analysts have rated the stock with a hold rating, The company presently has a consensus rating of Hold and a consensus target price of $5.95.



Smart & Final Stores stock opened at $6.52 on Friday. The firm has a market cap of $498.94 million, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 6.79 and a beta of 1.72. The company has a current ratio of 1.08, a quick ratio of 0.34 and a debt-to-equity ratio of 2.07. Smart & Final Stores has a 52-week low of $4.45 and a 52-week high of $7.40.

Smart & Final Stores (NYSE:SFS) last released its quarterly earnings results on Wednesday, March 13th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Smart & Final Stores had a negative net margin of 2.37% and a positive return on equity of 6.10%. Smart & Final Stores’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 EPS. On average, equities research analysts predict that Smart & Final Stores will post 0.32 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in SFS. Citigroup Inc. raised its stake in shares of Smart & Final Stores by 249.3% in the fourth quarter. Citigroup Inc. now owns 12,893 shares of the company’s stock valued at $61,000 after acquiring an additional 9,202 shares during the period. Gotham Asset Management LLC purchased a new stake in shares of Smart & Final Stores in the fourth quarter valued at $64,000. Virtu Financial LLC purchased a new stake in shares of Smart & Final Stores in the fourth quarter valued at $90,000. Jane Street Group LLC purchased a new stake in shares of Smart & Final Stores in the third quarter valued at $120,000. Finally, Panagora Asset Management Inc. purchased a new stake in shares of Smart & Final Stores in the third quarter valued at $141,000. 92.35% of the stock is currently owned by institutional investors.

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 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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