Smart & Final Gets a Hold Rating from Oppenheimer

By Jason Carr

Oppenheimer analyst Rupesh Parikh reiterated a Hold rating on Smart & Final (NYSE: SFS) today. The company’s shares opened today at $9, close to its 52-week low of $8.05.

According to, Parikh is a 5-star analyst with an average return of 16.2% and a 63.0% success rate. Parikh covers the Services sector, focusing on stocks such as United Natural Foods, Life Time Fitness, and Bob Evans Farms.

Smart & Final has an analyst consensus of Moderate Buy, with a price target consensus of $16.

Based on Smart & Final’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $967 million and GAAP net loss of $4.59 million. In comparison, last year the company earned revenue of $908 million and had a GAAP net loss of $2.02 million.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SFS in relation to earlier this year. Most recently, in September 2014, Ares Corporate Opportunities Fund Lp, a Major Shareholder at SFS bought 55,100,000 shares.

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Smart & Final Stores, Inc. is a value-oriented food and everyday staples retailer that serves household and business customers. The company operates through following segments: Smart & Final and Cash & Carry. The Smart and Final segment focuses on both household and business customers. The Cash and Carry segment focuses primarily on restaurants, caterers and a wide range of other foodservice businesses. Smart & Final Stores was founded on October 5, 2012 and is headquartered in Commerce, CA.