Oppenheimer Maintains Their Hold Rating on Smart & Final

In a report released yesterday, Rupesh Parikh from Oppenheimer maintained a Hold rating on Smart & Final (NYSE: SFS). The company’s shares closed yesterday at $5.30, close to its 52-week low of $5.

Parikh observed:

“We overall view the Q1 results and updated guidance as in line with to modestly above expectations. Total comps increased 1.2% vs. a Street figure of 1.3%. Strength in the Smart Foodservice Warehouse banner (+5.8%) offset still sluggish comp growth at SFS (flat). Management also delivered above-plan gross margins and EBITDA. We are encouraged by signs of stabilization at SFS, but still see muted profit growth, especially in a low food inflation environment supporting our Perform rating.”

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 16.7% and a 61.8% success rate. Parikh covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, United Natural Foods, and Wal-Mart Stores Inc.

Currently, the analyst consensus on Smart & Final is Hold and the average price target is $7.13, representing a 34.5% upside.

In a report issued on April 18, Credit Suisse also initiated coverage with a Hold rating on the stock with a $5.50 price target.

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The company has a one-year high of $13.95 and a one-year low of $5. Currently, Smart & Final has an average volume of 524.6K.

Based on the recent corporate insider activity of 60 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.

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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.