Brandywine Global Investment Management LLC Reduces Position in Smart & Final Stores Inc (SFS)

Brandywine Global Investment Management LLC lowered its stake in Smart & Final Stores Inc (NYSE:SFS) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 742,668 shares of the company’s stock after selling 41,416 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.98% of Smart & Final Stores worth $3,521,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of SFS. Vanguard Group Inc boosted its position in shares of Smart & Final Stores by 2.5% during the third quarter. Vanguard Group Inc now owns 2,608,904 shares of the company’s stock valued at $14,871,000 after purchasing an additional 63,437 shares in the last quarter. Panagora Asset Management Inc. bought a new stake in shares of Smart & Final Stores during the third quarter valued at approximately $141,000. Jane Street Group LLC bought a new stake in shares of Smart & Final Stores during the third quarter valued at approximately $120,000. Dimensional Fund Advisors LP boosted its position in shares of Smart & Final Stores by 9.8% during the third quarter. Dimensional Fund Advisors LP now owns 3,045,077 shares of the company’s stock valued at $17,357,000 after purchasing an additional 272,644 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Smart & Final Stores by 189.4% during the third quarter. TIAA CREF Investment Management LLC now owns 451,631 shares of the company’s stock valued at $2,574,000 after purchasing an additional 295,585 shares in the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

A number of brokerages have issued reports on SFS. ValuEngine upgraded Smart & Final Stores from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research upgraded Smart & Final Stores from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a research note on Wednesday, March 20th. Finally, Buckingham Research began coverage on Smart & Final Stores in a research note on Thursday, February 7th. They set a “neutral” rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $5.45.

Shares of SFS stock traded down $0.03 during mid-day trading on Monday, hitting $5.48. The company’s stock had a trading volume of 165,900 shares, compared to its average volume of 368,567. Smart & Final Stores Inc has a 52-week low of $4.45 and a 52-week 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 stock has a market capitalization of $407.87 million, a P/E ratio of 18.27, a P/E/G ratio of 5.55 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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.04). Smart & Final Stores had a positive return on equity of 6.10% and a negative net margin of 2.37%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the firm earned $0.15 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, analysts anticipate that Smart & Final Stores Inc will post 0.32 earnings per share for the current year.

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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.

See Also: Outstanding Shares

Institutional Ownership by Quarter for Smart & Final Stores (NYSE:SFS)

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