Alambic Investment Management L.P. lessened its stake in shares of Smart & Final Stores Inc (NYSE:SFS) by 82.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,398 shares of the company’s stock after selling 86,102 shares during the quarter. Alambic Investment Management L.P.’s holdings in Smart & Final Stores were worth $102,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in Smart & Final Stores in the first quarter worth $111,000. Globeflex Capital L P bought a new position in Smart & Final Stores in the second quarter worth $119,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Smart & Final Stores in the second quarter worth $168,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Smart & Final Stores during the second quarter valued at $257,000. Finally, Engineers Gate Manager LP increased its holdings in shares of Smart & Final Stores by 33.0% during the second quarter. Engineers Gate Manager LP now owns 54,115 shares of the company’s stock valued at $300,000 after acquiring an additional 13,424 shares in the last quarter. 93.25% of the stock is owned by hedge funds and other institutional investors.
In other Smart & Final Stores news, SVP Michael A. Mortensen sold 21,976 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $5.62, for a total value of $123,505.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 9.63% of the company’s stock.
NYSE:SFS traded down $0.31 on Friday, hitting $5.20. The stock had a trading volume of 172,273 shares, compared to its average volume of 465,459. The stock has a market capitalization of $432.74 million, a price-to-earnings ratio of 15.29, a PEG ratio of 1.79 and a beta of 1.28. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.30 and a current ratio of 0.97. Smart & Final Stores Inc has a 52-week low of $4.45 and a 52-week high of $10.00.
Smart & Final Stores (NYSE:SFS) last announced its earnings results on Wednesday, July 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Smart & Final Stores had a positive return on equity of 5.62% and a negative net margin of 3.04%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share. As a group, equities analysts forecast that Smart & Final Stores Inc will post 0.29 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Smart & Final Stores from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. ValuEngine downgraded Smart & Final Stores from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 26th. Citigroup initiated coverage on Smart & Final Stores in a report on Friday, July 6th. They set a “neutral” rating for the company. Finally, Morgan Stanley dropped their price objective on Smart & Final Stores from $6.50 to $4.50 and set an “underweight” rating on the stock in a research report on Wednesday, June 20th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $7.69.
About Smart & Final Stores
Smart & Final Stores, Inc operates as a food retailer in the United States. It operates in two segments, Smart & Final, and Cash & Carry 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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