Loading...
Loading...
In a report published Thursday, Credit Suisse analyst Edward J. Kelly reiterated a Neutral rating and $18.00 price target on
Smart & Final Stores, Inc.SFS.
In the report, Credit Suisse noted, "Smart & Final raised its profile with investors in its second quarter as a public company, as it solidly beat Q4 consensus expectations, initiated solid (and still likely conservative) 2015 guidance, and provided a positive update on its important new store program. SFS adjusted EPS of $0.16 (including ~$0.03 for stock based comp and pre-open expense) exceeded our estimate of $0.12 (also adjusted for comparability) and consensus of $0.10. A lower than projected tax rate helped by $0.02, but underlying results were still strong. The beat was paced by an acceleration in comps to 7.8% (vs. our 5.4% estimate), and a better than expected 38 bps gross margin improvement."
Smart & Final Stores closed on Wednesday at $16.61.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in