Smart (NYSE:SFS) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

A number of other research analysts have also weighed in on the company. Deutsche Bank reduced their target price on Smart from $12.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, November 16th. Loop Capital reduced their target price on Smart from $15.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, November 16th. Zacks Investment Research lowered Smart from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Citigroup reaffirmed a “neutral” rating and set a $8.50 target price (down previously from $10.00) on shares of Smart in a report on Friday, August 11th. Finally, J P Morgan Chase & Co initiated coverage on Smart in a report on Tuesday. They set a “neutral” rating and a $9.00 target price for the company. Three analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Smart currently has a consensus rating of “Hold” and a consensus price target of $11.23.

Shares of Smart (SFS) opened at $8.80 on Tuesday. Smart has a twelve month low of $5.80 and a twelve month high of $15.45. The firm has a market capitalization of $695.67, a PE ratio of 33.93, a P/E/G ratio of 5.23 and a beta of 0.62. The company has a quick ratio of 0.29, a current ratio of 0.92 and a debt-to-equity ratio of 1.11.

In other news, SVP Michael A. Mortensen sold 9,652 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $8.86, for a total transaction of $85,516.72. Following the completion of the transaction, the senior vice president now owns 30,863 shares of the company’s stock, valued at $273,446.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Eleanor Hong sold 6,400 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $8.00, for a total value of $51,200.00. Following the transaction, the vice president now directly owns 59,922 shares of the company’s stock, valued at approximately $479,376. The disclosure for this sale can be found here. Insiders have sold a total of 109,500 shares of company stock valued at $836,611 in the last ninety days. Insiders own 8.47% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Verition Fund Management LLC purchased a new position in shares of Smart during the second quarter worth about $173,000. Credit Suisse AG grew its holdings in shares of Smart by 0.4% during the first quarter. Credit Suisse AG now owns 46,587 shares of the company’s stock worth $563,000 after purchasing an additional 193 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Smart by 6.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 99,367 shares of the company’s stock worth $1,203,000 after purchasing an additional 5,796 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Smart by 4.7% during the second quarter. Vanguard Group Inc. now owns 2,386,074 shares of the company’s stock worth $21,714,000 after purchasing an additional 107,655 shares in the last quarter. Finally, Nationwide Fund Advisors grew its holdings in shares of Smart by 142.7% during the second quarter. Nationwide Fund Advisors now owns 34,184 shares of the company’s stock worth $311,000 after purchasing an additional 20,100 shares in the last quarter.

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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.

Analyst Recommendations for Smart (NYSE:SFS)

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