November 23, 2016 - By Michael Collier
A few days ago, an insider trading sale was made. David Hirz, the President & CEO and an insider of Smart & Final Stores Inc unloaded exactly 111,153 shares of Smart & Final Stores Inc, worth precisely $1,497,741 US Dollars, at $13.5 per share at the time of the sale. The regulatory filing shows that David Hirz now has ownership of roughly 0.26% of the California-based company’s market capitalization (total value of the shares outstanding) The sale, dated 23/11/2016, is recorded on a document which was filed with the U.S. Security & Exchange Commission and is freely accessible here.
Out of 5 analysts covering Smart & Final Stores (NYSE:SFS), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. $22 is the highest target while $13 is the lowest. The $15.80 average target is 16.61% above today’s ($13.55) stock price. Smart & Final Stores has been the topic of 7 analyst reports since October 2, 2015 according to StockzIntelligence Inc. The company was upgraded on Tuesday, October 6 by Barclays Capital. The rating was initiated by Oppenheimer on Friday, October 2 with “Perform”. The company was maintained on Tuesday, August 2 by Citigroup. Barclays Capital initiated Smart & Final Stores Inc (NYSE:SFS) rating on Friday, September 23. Barclays Capital has “Equal Weight” rating and $13 price target. Morgan Stanley downgraded Smart & Final Stores Inc (NYSE:SFS) rating on Tuesday, August 16. Morgan Stanley has “Underweight” rating and $13 price target. The stock of Smart & Final Stores Inc (NYSE:SFS) earned “Buy” rating by BB&T Capital on Tuesday, January 26.
Insitutional Activity: The institutional sentiment increased to 1.67 in Q2 2016. Its up 0.52, from 1.15 in 2016Q1. The ratio increased, as 10 funds sold all Smart & Final Stores Inc shares owned while 31 reduced positions. 10 funds bought stakes while 37 increased positions. They now own 72.70 million shares or 2.32% more from 71.05 million shares in 2016Q1.
Mufg Americas Corp accumulated 700 shares or 0% of the stock. Manufacturers Life The accumulated 17,382 shares or 0% of the stock. Signaturefd Limited Liability Company has 0% invested in the company for 236 shares. Bankshares Of Mellon Corporation, a New York-based fund reported 140,528 shares. Quantum Cap Management reported 11,655 shares or 0.02% of all its holdings. The Ontario – Canada-based Bancorp Of Montreal Can has invested 0% in Smart & Final Stores Inc (NYSE:SFS). Independent Portfolio Consultants has invested 0.05% of its portfolio in Smart & Final Stores Inc (NYSE:SFS). Moreover, Geode Cap Mgmt Limited Company has 0% invested in Smart & Final Stores Inc (NYSE:SFS) for 191,570 shares. Da Davidson And has 11,935 shares for 0.01% of their US portfolio. Moreover, Price T Rowe Associate Md has 0% invested in Smart & Final Stores Inc (NYSE:SFS) for 1.15 million shares. Citigroup has 0% invested in the company for 6,636 shares. Rhumbline Advisers has 0% invested in the company for 25,880 shares. Blackrock Institutional Trust Commerce Na holds 0% or 591,412 shares in its portfolio. Blackrock Invest Mgmt Ltd Company last reported 127,680 shares in the company. Teachers Incorporated holds 0% or 34,501 shares in its portfolio.
Insider Transactions: Since June 2, 2016, the stock had 0 buys, and 5 sales for $3.83 million net activity. On Monday, October 3 Hirz David G. sold $1.42 million worth of the stock or 111,390 shares. $374,193 worth of Smart & Final Stores Inc (NYSE:SFS) was sold by Drew Scott R. on Friday, July 1.
The stock increased 0.37% or $0.05 on November 23, hitting $13.55. About 325,818 shares traded hands or 5.96% up from the average. Smart & Final Stores Inc (NYSE:SFS) has declined 12.56% since April 21, 2016 and is downtrending. It has underperformed by 17.89% the S&P500.
Smart & Final Stores, Inc. is a food retailer. The company has a market cap of $980.53 million. The Firm serves household and business clients through approximately two store banners, including Smart & Final and Cash & Carry. It has a 45.84 P/E ratio. The Firm operates through two business divisions: Smart & Final and Cash & Carry.
According to Zacks Investment Research, “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.”
Analysts await Smart & Final Stores Inc (NYSE:SFS) to report earnings on March, 8. They expect $0.09 earnings per share, down 47.06% or $0.08 from last year’s $0.17 per share. SFS’s profit will be $6.51 million for 37.64 P/E if the $0.09 EPS becomes a reality. After $0.17 actual earnings per share reported by Smart & Final Stores Inc for the previous quarter, Wall Street now forecasts -47.06% negative EPS growth.
More notable recent Smart & Final Stores Inc (NYSE:SFS) news were published by: Prnewswire.com which released: “Entire Smart & Final Family To Work Pre-Thanksgiving Rush in Stores” on November 22, 2016, also Prnewswire.com with their article: “Bloom Ads Wins Over Smart & Final Stores” published on November 15, 2016, Prnewswire.com published: “Smart & Final Stores, Inc. Reports Third Quarter 2016 Financial Results” on November 16, 2016. More interesting news about Smart & Final Stores Inc (NYSE:SFS) were released by: Marketwatch.com and their article: “Smart & Final Stores started at equal weight with $13 stock price target at ..” published on November 21, 2013 as well as Quotes.Wsj.com‘s news article titled: “News Smart & Final Stores Inc.SFS” with publication date: September 19, 2014.
Smart & Final Stores, Inc., incorporated on October 5, 2012, is a food retailer. The Firm serves household and business clients through approximately two store banners, including Smart & Final and Cash & Carry. The Firm operates through two business divisions: Smart & Final and Cash & Carry. The Smart & Final segment is based in Commerce, California and includes over 90 legacy Smart & Final stores and approximately 130 Extra! format stores, which focus on household and business clients and are located in California, Arizona and Nevada. The Cash & Carry segment is based in Portland, Oregon and includes over 50 Cash & Carry stores, which focus primarily on business clients and are located in Washington, Oregon, Northern California, Idaho and Nevada.
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