Barclays Initiates Coverage on Smart & Final Stores Inc to Equal-weight

Barclays Initiates Coverage on Smart & Final Stores Inc(NYSE:SFS). The shares have been rated Equal-weight. The rating by Barclays was issued on Sep 23, 2016.

In a different note, On Aug 16, 2016, Morgan Stanley said it Downgrades its rating on Smart & Final Stores Inc. In the research note, the firm Lowers the price-target to $16.50 per share. The shares have been rated ‘Underweight’ by the firm. On Aug 2, 2016, Citigroup said it Maintains its rating on Smart & Final Stores Inc. In the research note, the firm Lowers the price-target to $18.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 29, 2016, Deutsche Bank said it Maintains its rating on Smart & Final Stores Inc. In the research note, the firm Lowers the price-target to $20.00 per share. The shares have been rated ‘Buy’ by the firm.

Smart & Final Stores Inc (SFS) made into the market gainers list on Tuesdays trading session with the shares advancing 0.88% or 0.11 points. Due to strong positive momentum, the stock ended at $12.62, which is also near the day’s high of $12.695. The stock began the session at $12.5 and the volume stood at 2,26,325 shares. The 52-week high of the shares is $18.67 and the 52 week low is $12.16. The company has a current market capitalization of $933 M and it has 7,39,03,721 shares in outstanding.

Smart & Final Stores Inc(SFS) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.04B. Analysts had an estimated revenue of $1.05B. Earnings per share were $0.20. Analysts had estimated an EPS of $0.21.

Several Insider Transactions has been reported to the SEC. On Sep 13, 2016, David G. Hirz (President & CEO) sold 5,029 shares at $12.74 per share price.Also, On Jul 6, 2016, Scott R. Drew (EVP, Operations) sold 25,000 shares at $14.90 per share price.On Dec 28, 2015, Eleanor Hong (Senior VP and CMO) sold 18,415 shares at $18.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Smart & Final Stores Inc. is a food retailer serving household and business customers through two store banners: Smart & Final and Cash & Carry. The Company operates through two business segments: Smart & Final and Cash & Carry. The Smart & Final segment is based in Commerce California and includes as of December 28 2014 103 legacy Smart & Final stores and 98 Extra! format stores which focus on household and business customers and are located in California Arizona and Nevada. The Cash & Carry segment is based in Portland Oregon and includes as of December 28 2014 53 Cash & Carry stores which focus primarily on business customers and are located in Washington Oregon Northern California Idaho and Nevada.

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