Smart & Final Stores (SFS) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Smart & Final Stores (NYSE:SFS) from an underweight rating to an equal weight rating in a research note released on Wednesday, April 17th, Benzinga reports. They currently have $6.47 price target on the stock.

A number of other research analysts also recently weighed in on SFS. ValuEngine downgraded Smart & Final Stores from a sell rating to a strong sell rating in a report on Monday, December 31st. Zacks Investment Research downgraded Smart & Final Stores from a buy rating to a hold rating in a report on Thursday, January 17th. Finally, Buckingham Research started coverage on Smart & Final Stores in a report on Thursday, February 7th. They set a neutral rating on the stock. Seven equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of Hold and a consensus target price of $6.18.

NYSE:SFS traded up $0.01 during mid-day trading on Wednesday, reaching $6.51. 337,417 shares of the company’s stock traded hands, compared to its average volume of 1,294,590. Smart & Final Stores has a 12-month low of $4.45 and a 12-month high of $7.40. The company has a debt-to-equity ratio of 5.14, a current ratio of 0.91 and a quick ratio of 0.34. The company has a market cap of $497.18 million, a PE ratio of 21.70, a P/E/G ratio of 6.77 and a beta of 1.86.

Smart & Final Stores (NYSE:SFS) last posted its earnings results on Wednesday, May 1st. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Smart & Final Stores had a positive return on equity of 6.59% and a negative net margin of 2.34%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. Analysts expect that Smart & Final Stores will post 0.32 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its stake in shares of Smart & Final Stores by 67.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,341 shares of the company’s stock worth $36,000 after buying an additional 2,969 shares during the last quarter. Citigroup Inc. grew its stake in shares of Smart & Final Stores by 249.3% in the 4th quarter. Citigroup Inc. now owns 12,893 shares of the company’s stock worth $61,000 after buying an additional 9,202 shares during the last quarter. Gotham Asset Management LLC purchased a new stake in shares of Smart & Final Stores in the 4th quarter worth approximately $64,000. Virtu Financial LLC purchased a new stake in shares of Smart & Final Stores in the 4th quarter worth approximately $90,000. Finally, Jane Street Group LLC purchased a new stake in shares of Smart & Final Stores in the 3rd quarter worth approximately $120,000. Institutional investors own 93.17% of the company’s stock.

Smart & Final Stores Company Profile

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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Analyst Recommendations for Smart & Final Stores (NYSE:SFS)

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