Smart (SFS) Stake Decreased by Neuberger Berman Group LLC

Neuberger Berman Group LLC decreased its holdings in Smart (NYSE:SFS) by 60.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,940 shares of the company’s stock after selling 80,255 shares during the period. Neuberger Berman Group LLC owned 0.07% of Smart worth $473,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aperio Group LLC bought a new position in shares of Smart in the second quarter worth about $125,000. Trexquant Investment LP bought a new position in shares of Smart in the second quarter worth about $157,000. American International Group Inc. boosted its stake in shares of Smart by 7.1% in the first quarter. American International Group Inc. now owns 14,236 shares of the company’s stock worth $172,000 after acquiring an additional 940 shares during the period. Suntrust Banks Inc. boosted its stake in shares of Smart by 41.7% in the first quarter. Suntrust Banks Inc. now owns 24,942 shares of the company’s stock worth $301,000 after acquiring an additional 7,344 shares during the period. Finally, Citadel Advisors LLC boosted its stake in shares of Smart by 13.7% in the first quarter. Citadel Advisors LLC now owns 29,863 shares of the company’s stock worth $361,000 after acquiring an additional 3,604 shares during the period.

In related news, SVP Michael A. Mortensen sold 26,980 shares of Smart stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $8.26, for a total value of $222,854.80. Following the sale, the senior vice president now directly owns 48,191 shares in the company, valued at approximately $398,057.66. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joseph S. Tesoriero acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was purchased at an average price of $6.95 per share, for a total transaction of $34,750.00. Following the completion of the acquisition, the director now owns 20,140 shares in the company, valued at approximately $139,973. The disclosure for this purchase can be found here. Insiders own 8.47% of the company’s stock.

SFS has been the subject of a number of recent analyst reports. Zacks Investment Research raised Smart from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a research note on Tuesday, August 1st. Deutsche Bank AG reaffirmed 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. TheStreet lowered Smart from a “c-” rating to a “d+” rating in a research note on Tuesday, July 18th. BidaskClub raised Smart from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $8.50 price objective (down previously from $10.00) on shares of Smart in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.83.

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Smart (SFS) opened at 7.30 on Friday. The company has a market capitalization of $540.35 million, a price-to-earnings ratio of 60.83 and a beta of 0.31. Smart has a 52 week low of $6.60 and a 52 week high of $15.45. The company’s 50-day moving average price is $7.44 and its 200-day moving average price is $10.23.

Smart (NYSE:SFS) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.04). Smart had a return on equity of 4.14% and a net margin of 0.21%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Equities analysts forecast that Smart will post $0.49 earnings per share for the current fiscal year.

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.

Institutional Ownership by Quarter for Smart (NYSE:SFS)

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