Morgan Stanley upgraded shares of Smart & Final Stores (NYSE:SFS) from an underweight rating to an equal weight rating in a research note issued to investors on Wednesday morning, Benzinga reports. Morgan Stanley currently has $6.47 price objective on the stock.

Other equities research analysts have also issued research reports about the company. ValuEngine upgraded Smart & Final Stores from a sell rating to a hold rating in a research note on Saturday, April 13th. Zacks Investment Research upgraded Smart & Final Stores from a hold rating to a buy rating and set a $7.25 price objective for the company in a research note on Saturday, February 9th. Wells Fargo & Co lowered Smart & Final Stores from an outperform rating to a market perform rating and set a $6.48 price objective for the company. in a research note on Wednesday. Finally, Buckingham Research assumed coverage on Smart & Final Stores in a research note on Thursday, February 7th. They set a neutral rating for the company. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $5.95.

SFS stock opened at $6.52 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 1.08 and a debt-to-equity ratio of 2.07. Smart & Final Stores has a 1 year low of $4.45 and a 1 year high of $7.40. The stock has a market capitalization of $498.94 million, a PE ratio of 21.73, a P/E/G ratio of 5.71 and a beta of 1.72.

Smart & Final Stores (NYSE:SFS) last issued its quarterly earnings data on Wednesday, March 13th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). Smart & Final Stores had a negative net margin of 2.37% and a positive return on equity of 6.10%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business earned $0.15 EPS. Smart & Final Stores’s revenue for the quarter was up 3.2% compared to the same quarter last year. Equities analysts predict that Smart & Final Stores will post 0.32 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of SFS. FMR LLC grew its position in shares of Smart & Final Stores by 26.3% in the 3rd quarter. FMR LLC now owns 2,234,839 shares of the company’s stock worth $12,739,000 after acquiring an additional 465,087 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Smart & Final Stores by 10.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,367,364 shares of the company’s stock worth $15,962,000 after acquiring an additional 322,287 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Smart & Final Stores by 189.4% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 451,631 shares of the company’s stock worth $2,574,000 after acquiring an additional 295,585 shares in the last quarter. Putnam Investments LLC acquired a new position in shares of Smart & Final Stores in the 3rd quarter worth approximately $1,427,000. Finally, Millennium Management LLC grew its position in shares of Smart & Final Stores by 46.3% in the 4th quarter. Millennium Management LLC now owns 611,187 shares of the company’s stock worth $2,897,000 after acquiring an additional 193,369 shares in the last quarter. Hedge funds and other institutional investors own 92.35% of the company’s stock.

Smart & Final Stores Company Profile

Smart & Final Stores, Inc operates as a food retailer in the United States. It operates in two segments, Smart & Final and Smart Foodservice. The company's stores offer fresh perishables and everyday grocery items, such as produce, meat and deli, dairy and cheese, grocery, and beverage products, as well as paper and packaging, and restaurant equipment and janitorial supplies.

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Analyst Recommendations for Smart & Final Stores (NYSE:SFS)

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