Maverick Capital Ltd. Invests $250,000 in Smart (SFS)
Maverick Capital Ltd. bought a new position in shares of Smart (NYSE:SFS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,500 shares of the company’s stock, valued at approximately $250,000.
Several other large investors also recently modified their holdings of SFS. Victory Capital Management Inc. raised its stake in Smart by 8.1% during the second quarter. Victory Capital Management Inc. now owns 3,229,048 shares of the company’s stock valued at $29,384,000 after purchasing an additional 242,135 shares in the last quarter. Franklin Resources Inc. raised its stake in Smart by 10.3% during the second quarter. Franklin Resources Inc. now owns 3,026,922 shares of the company’s stock valued at $27,545,000 after purchasing an additional 282,997 shares in the last quarter. Vanguard Group Inc. raised its stake in Smart by 4.7% during the second quarter. Vanguard Group Inc. now owns 2,386,074 shares of the company’s stock valued at $21,714,000 after purchasing an additional 107,655 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Smart by 50.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,121,872 shares of the company’s stock valued at $10,209,000 after purchasing an additional 377,326 shares in the last quarter. Finally, Boston Partners purchased a new stake in Smart during the second quarter valued at $4,876,000.
Shares of Smart (NYSE SFS) traded down 0.64% during midday trading on Friday, hitting $7.80. 458,749 shares of the stock traded hands. The stock has a market cap of $577.36 million, a price-to-earnings ratio of 65.00 and a beta of 0.36. Smart has a 12-month low of $6.60 and a 12-month high of $15.45. The company’s 50 day moving average price is $7.36 and its 200-day moving average price is $9.88.
Smart (NYSE:SFS) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $0.12 earnings per share for the quarter, missing the 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%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 EPS. On average, equities research analysts expect that Smart will post $0.49 EPS for the current year.
In other news, Director Joseph S. Tesoriero purchased 5,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were purchased at an average price of $6.95 per share, with a total value of $34,750.00. Following the transaction, the director now owns 20,140 shares in the company, valued at approximately $139,973. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Michael A. Mortensen sold 19,304 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $7.59, for a total transaction of $146,517.36. The disclosure for this sale can be found here. Insiders own 8.47% of the company’s stock.
SFS has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “underweight” rating and set a $8.00 price target (down previously from $11.00) on shares of Smart in a research note on Monday, June 19th. Zacks Investment Research raised shares of Smart from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub downgraded shares of Smart from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 13th. TheStreet downgraded shares of Smart from a “c-” rating to a “d+” rating in a research note on Tuesday, July 18th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $19.00 price target on shares of Smart in a research note on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Smart has an average rating of “Hold” and a consensus price target of $19.47.
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.
Want to see what other hedge funds are holding SFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Smart (NYSE:SFS).
Receive News & Stock Ratings for Smart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart and related stocks with our FREE daily email newsletter.