Smart (NYSE:SFS) – Research analysts at Oppenheimer Holdings lifted their Q3 2017 earnings estimates for shares of Smart in a research report issued to clients and investors on Tuesday. Oppenheimer Holdings analyst R. Parikh now expects that the company will earn $0.17 per share for the quarter, up from their previous forecast of $0.16. Oppenheimer Holdings also issued estimates for Smart’s Q4 2017 earnings at $0.10 EPS.

Smart (NYSE:SFS) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.04. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. Smart had a net margin of 0.21% and a return on equity of 4.15%. Smart’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 EPS.

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A number of other equities research analysts have also issued reports on SFS. TheStreet lowered shares of Smart from a “c-” rating to a “d+” rating in a report on Tuesday, July 18th. Deutsche Bank AG reiterated a “buy” rating and issued a $12.00 price objective (down previously from $14.00) on shares of Smart in a research note on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $19.00 price objective on shares of Smart in a research note on Friday, July 21st. BidaskClub lowered shares of Smart from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 13th. Finally, Zacks Investment Research upgraded shares of Smart from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $20.00.

Smart (NYSE SFS) traded up 1.437% during midday trading on Friday, hitting $8.825. 70,866 shares of the stock were exchanged. Smart has a 52 week low of $7.45 and a 52 week high of $15.45. The stock has a market cap of $646.09 million, a price-to-earnings ratio of 65.858 and a beta of 0.30. The firm’s 50-day moving average is $9.12 and its 200 day moving average is $12.15.

In other news, EVP Scott R. Drew sold 21,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were 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 directly owns 64,648 shares of the company’s stock, valued at approximately $841,716.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael A. Mortensen sold 26,980 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $13.42, for a total transaction of $362,071.60. Following the transaction, the senior vice president now directly owns 48,191 shares of the company’s stock, valued at $646,723.22. The disclosure for this sale can be found here. Insiders have sold a total of 101,940 shares of company stock valued at $1,097,389 over the last ninety days. 8.47% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in SFS. Wellington Management Group LLP boosted its stake in shares of Smart by 50.5% in the first quarter. Wellington Management Group LLP now owns 7,771,127 shares of the company’s stock worth $94,031,000 after buying an additional 2,608,286 shares during the period. Vanguard Group Inc. boosted its stake in shares of Smart by 4.5% in the first quarter. Vanguard Group Inc. now owns 2,278,419 shares of the company’s stock worth $27,569,000 after buying an additional 97,761 shares during the period. Granite Investment Partners LLC boosted its stake in shares of Smart by 37.9% in the first quarter. Granite Investment Partners LLC now owns 1,032,996 shares of the company’s stock worth $12,499,000 after buying an additional 283,837 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Smart by 68.2% in the first quarter. Dimensional Fund Advisors LP now owns 744,546 shares of the company’s stock worth $9,009,000 after buying an additional 301,959 shares during the period. Finally, United Services Automobile Association boosted its stake in shares of Smart by 22.3% in the first quarter. United Services Automobile Association now owns 723,190 shares of the company’s stock worth $8,751,000 after buying an additional 131,800 shares during the period.

About Smart

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.

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