Smart & Final Stores Inc. (NYSE:SFS) released its earnings results on Wednesday. The company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Smart & Final Stores had a return on equity of 8.36% and a net margin of 0.67%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the business posted $0.22 EPS. The business’s revenue for the quarter was up 11.9% on a year-over-year basis.

Smart & Final Stores (NYSE:SFS) opened at 13.45 on Thursday. The stock’s 50 day moving average price is $12.64 and its 200-day moving average price is $14.12. The firm has a market capitalization of $994.00 million, a price-to-earnings ratio of 36.55 and a beta of 0.10. Smart & Final Stores has a one year low of $11.55 and a one year high of $18.67.

Earnings History for Smart & Final Stores (NYSE:SFS)

SFS has been the topic of several research analyst reports. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $15.00 target price (down previously from $18.00) on shares of Smart & Final Stores in a research note on Sunday, July 31st. Royal Bank Of Canada reiterated an “outperform” rating and set a $21.00 price target on shares of Smart & Final Stores in a report on Monday, August 1st. Zacks Investment Research lowered Smart & Final Stores from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. RBC Capital Markets reiterated a “buy” rating and set a $21.00 price target on shares of Smart & Final Stores in a report on Friday, July 22nd. Finally, Citigroup Inc. reduced their price target on Smart & Final Stores from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, August 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $22.00.

In other Smart & Final Stores news, CEO David G. Hirz sold 48,628 shares of the stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $12.79, for a total value of $621,952.12. Following the completion of the sale, the chief executive officer now directly owns 166,219 shares in the company, valued at $2,125,941.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David G. Hirz sold 5,029 shares of the stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $12.74, for a total value of $64,069.46. Following the completion of the sale, the chief executive officer now owns 154,470 shares of the company’s stock, valued at $1,967,947.80. The disclosure for this sale can be found here. 8.97% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the company. Prudential Financial Inc. increased its stake in shares of Smart & Final Stores by 0.9% in the third quarter. Prudential Financial Inc. now owns 10,300 shares of the company’s stock valued at $132,000 after buying an additional 90 shares during the period. Rhumbline Advisers increased its position in Smart & Final Stores by 0.8% in the third quarter. Rhumbline Advisers now owns 26,090 shares of the company’s stock worth $333,000 after buying an additional 210 shares during the last quarter. California State Teachers Retirement System increased its position in Smart & Final Stores by 1.0% in the third quarter. California State Teachers Retirement System now owns 48,988 shares of the company’s stock worth $626,000 after buying an additional 500 shares during the last quarter. BlackRock Investment Management LLC increased its position in Smart & Final Stores by 0.5% in the third quarter. BlackRock Investment Management LLC now owns 128,347 shares of the company’s stock worth $1,639,000 after buying an additional 667 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in Smart & Final Stores by 3.0% in the third quarter. TIAA CREF Investment Management LLC now owns 76,024 shares of the company’s stock worth $971,000 after buying an additional 2,198 shares during the last quarter.

Smart & Final Stores Company Profile

Smart & Final Stores, Inc is a food retailer. The Company serves household and business customers through approximately two store banners, including Smart & Final and Cash & Carry. The Company operates through two business segments: 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 customers and are located in California, Arizona and Nevada.

5 Day Chart for NYSE:SFS

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