Simplex Trading LLC cut its stake in Smart (NYSE:SFS) by 11.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,097 shares of the company’s stock after selling 1,419 shares during the period. Simplex Trading LLC’s holdings in Smart were worth $100,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. State Street Corp increased its position in Smart by 11.0% in the fourth quarter. State Street Corp now owns 582,639 shares of the company’s stock valued at $8,214,000 after buying an additional 57,747 shares during the period. First Trust Advisors LP increased its position in Smart by 33.4% in the first quarter. First Trust Advisors LP now owns 132,191 shares of the company’s stock valued at $1,600,000 after buying an additional 33,113 shares during the period. Renaissance Technologies LLC bought a new position in Smart during the fourth quarter valued at $533,000. United Services Automobile Association increased its position in Smart by 22.3% in the first quarter. United Services Automobile Association now owns 723,190 shares of the company’s stock valued at $8,751,000 after buying an additional 131,800 shares during the period. Finally, Suntrust Banks Inc. increased its position in Smart by 41.7% in the first quarter. Suntrust Banks Inc. now owns 24,942 shares of the company’s stock valued at $301,000 after buying an additional 7,344 shares during the period.

Shares of Smart (NYSE:SFS) traded up 0.61% during midday trading on Friday, reaching $8.25. The company’s stock had a trading volume of 1,125,513 shares. The stock has a market capitalization of $610.67 million, a PE ratio of 68.75 and a beta of 0.28. The company has a 50 day moving average price of $8.74 and a 200-day moving average price of $11.99. Smart has a 52 week low of $7.45 and a 52 week high of $15.45.

Smart (NYSE:SFS) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.04. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Smart had a net margin of 0.21% and a return on equity of 4.14%. Smart’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 earnings per share. On average, equities research analysts expect that Smart will post $0.49 EPS for the current year.

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Several research firms recently weighed in on SFS. BidaskClub downgraded Smart from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 13th. Morgan Stanley restated an “underweight” rating and issued a $8.00 price objective (down from $11.00) on shares of Smart in a research report on Monday, June 19th. Royal Bank Of Canada restated an “outperform” rating and issued a $19.00 price objective on shares of Smart in a research report on Thursday, May 4th. Loop Capital began coverage on Smart in a research report on Monday, May 15th. They issued a “buy” rating and a $17.00 price objective on the stock. Finally, Zacks Investment Research upgraded Smart from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $19.97.

In other news, SVP Michael A. Mortensen sold 26,980 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $8.86, for a total value of $239,042.80. Following the transaction, the senior vice president now directly owns 48,191 shares in the company, valued at approximately $426,972.26. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Scott R. Drew sold 21,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $13.02, for a total transaction of $273,420.00. Following the completion of the transaction, the executive vice president now owns 64,648 shares in the company, valued at $841,716.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,940 shares of company stock valued at $1,097,389. 8.47% of the stock is owned by company insiders.

Smart Company Profile

Smart & Final Stores, Inc is a food retailer. The Company is engaged in the business of selling fresh perishables and everyday grocery items, together with foodservice, packaging and janitorial products. The Company operates through two segments: Smart & Final, and Cash and Carry. The Smart & Final segment focuses on both household and business customers.

Institutional Ownership by Quarter for Smart (NYSE:SFS)

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