Smart & Final Stores Inc (SFS) is Downgraded by Morgan Stanley to Underweight

Smart & Final Stores Inc (SFS) was Downgraded by Morgan Stanley to ” Underweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on Aug 16, 2016.

On the company’s financial health, Smart & Final Stores Inc reported $0.20 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.21. The company had revenue of $1038.28 million for the quarter, compared to analysts expectations of $1045.93 million. The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Smart & Final Stores Inc opened for trading at $14 and hit $14.13 on the upside on Monday, eventually ending the session at $14.1, with a gain of 0.57% or 0.08 points. The heightened volatility saw the trading volume jump to 5,65,328 shares. Company has a market cap of $1,042 M.

In a different news, on Jul 6, 2016, Scott R. Drew (EVP, Operations) sold 25,000 shares at $14.90 per share price. According to the SEC, on Jun 6, 2016, David G. Hirz (President & CEO) sold 36,647 shares at $16.26 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.

Smart & Final Stores Inc

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