Smart & Final Stores, Inc. Reports Third Quarter 2017 Financial Results.
The company is trading down since yesterday’s close of 7.25.
Smart & Final Stores, Inc., launched on October 5, 2012, is a food retailer. The Company is involved 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 Company operates non-membership, warehouse-style stores offering products in a range of product sizes. The Company operates non-membership warehouse-style grocery stores under the Smart & Final banner in California, Arizona, and Nevada. The Company also operates non-membership warehouse-style grocery stores in Washington, Oregon, California, Idaho, Utah, and Nevada under the Cash & Carry banner..
The most current P/E ratio is 59.43 and market cap is 514.44M. In the latest earnings report the EPS was $0.12 with 74.02M shares outstanding.
Investors are feeling more bullish on the company recently as inferred by the decrease in short interest. The firm experienced a fall in short interest of -0.74% between September 29, 2017 and October 13, 2017. Short shares decreased 49,017 over that timeframe. With short interest at 6,531,536 and short average daily volume at 335,898, the short-interest ratio is 19.0 and the short interest percentage is 0.09% as of October 13.
Brokerage firms have released ratings on the stock of late. On November 3, 2017 Wells Fargo & Company updated guidance on SFS with an initial rating of “Outperform”. August 11 investment analysts at Citigroup maintained a stock rating of “Neutral” targeting a price of $8.50.