Smart (NYSE:SFS) had its price objective decreased by Loop Capital from $15.00 to $11.00 in a research report sent to investors on Thursday morning. Loop Capital currently has a buy rating on the stock.

A number of other research firms have also issued reports on SFS. Zacks Investment Research lowered Smart from a buy rating to a hold rating in a research report on Friday, August 11th. Deutsche Bank AG reissued 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, July 26th. BidaskClub raised Smart from a sell rating to a hold rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed an outperform rating and set a $19.00 target price on shares of Smart in a research report on Friday, July 21st. Finally, Wells Fargo & Company started coverage on Smart in a report on Friday, November 3rd. They set an outperform rating and a $9.00 price target on the stock. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $11.47.

Smart (SFS) traded up $0.45 during mid-day trading on Thursday, reaching $8.05. The company’s stock had a trading volume of 1,110,000 shares, compared to its average volume of 630,159. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 1.11. Smart has a 52 week low of $5.80 and a 52 week high of $15.45. The stock has a market cap of $589.49, a P/E ratio of 28.75, a PEG ratio of 1.39 and a beta of 0.25.

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In other news, Director Joseph S. Tesoriero acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were purchased at an average cost of $6.95 per share, for a total transaction of $34,750.00. Following the transaction, the director now owns 20,140 shares of the company’s stock, valued at $139,973. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Michael A. Mortensen sold 19,304 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $7.59, for a total value of $146,517.36. The disclosure for this sale can be found here. 8.47% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Aperio Group LLC acquired a new position in shares of Smart in the 2nd quarter valued at $125,000. American International Group Inc. raised its stake in Smart by 7.1% during the 1st quarter. American International Group Inc. now owns 14,236 shares of the company’s stock worth $172,000 after buying an additional 940 shares during the period. Trexquant Investment LP acquired a new stake in Smart during the 2nd quarter worth $157,000. Highbridge Capital Management LLC acquired a new stake in shares of Smart in the 3rd quarter valued at about $140,000. Finally, California Public Employees Retirement System acquired a new stake in shares of Smart in the 2nd quarter valued at about $165,000.

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.

Analyst Recommendations for Smart (NYSE:SFS)

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