|Bid||6.50 x 21500|
|Ask||6.55 x 3100|
|Day's Range||6.51 - 6.55|
|52 Week Range||4.45 - 7.40|
|Beta (3Y Monthly)||3.19|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Glenhill Capital Advisors, which said it owns about 1% of Smart & Final, argues that the sale -- supported by the company’s majority shareholder, Ares Management Corp. -- disregards the opinions of minority holders that won’t get to vote on it. “I urge all minority stockholders not to tender into the offer,” Glenhill Capital principal and portfolio manager Glenn Krevlin said Wednesday in a letter to Smart & Final’s board that was reviewed by Bloomberg.
Moody's Investors Service ("Moody's") today assigned a B2 Corporate Family Rating and B2-PD probability of default rating to Sage Borrowco, LLC ("Smart Foodservice"). In addition Moody's also assigned a B2 rating to the company's senior secured revolving credit facility and senior secured term loan. "Smart Foodservice has a good business model servicing an attractive market niche of underserved smaller food service operators at competitive prices", Moody's Vice President Mickey Chadha stated.
Smart & Final Stores Inc NYSE:SFSView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for SFS with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold SFS had net inflows of $582 million over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Smart & Final Stores (SFS) delivered earnings and revenue surprises of 33.33% and -0.02%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
The Commerce, California-based company said it had a loss of 9 cents per share. Losses, adjusted for one-time gains and costs, came to 4 cents per share. The results topped Wall Street expectations. The ...
Smart & Final Stores (SFS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here are the details investors need to know following Apollo Global Management's acquisition of Smart & Final Stores.
The food and supply store chain Smart & Final (NYSE: SFS ) announced Tuesday that it agreed to be acquired by investment funds managed by Apollo Global Management LLC (NYSE: APO ) for $6.50 per share ...
The deal comes after Apollo sold Smart & Final to Ares Management Corp, another buyout firm, in 2012 for $975 million, including debt. It is Apollo's latest bet on the brick-and-mortar grocery sector, even after its last acquisition in the space, its $1.4 billion leveraged buyout of Fresh Market Inc in 2016, has soured amid increasing competition. Apollo will pay $6.50 per share in cash for Smart & Final, a 21 percent premium to its closing share price on Tuesday.
Smart & Final Stores Inc. announced Tuesday afternoon that it has agreed to be acquired by private-equity firm Apollo Global Management LLC for $6.50 a share in cash. Smart & Final stock closed Tuesday at $5.39 a share, and popped more than 18% higher in after-hours trading to reflect the agreement. At $6.50 a share, Smart & Final would have a market cap of about $500 million. Apollo previously bought Smart & Final for $22 a share in 2007, then sold it to Ares Management in 2012; the company went public in 2014, but was still majority-owned by Ares. Ares has committed to tender its shares in the acquisition.
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Grocery store expansion was up 29.4% in 2018, adding more than 17 million square feet in the U.S., according to the JLL U.S. Grocery Tracker 2019. Florida added the most space with 9.7% of the total thanks to the Publix chain of stores, which will be expanding its headquarters in Lakeland, Fla. as well. California and Texas came next with 7.8% each. California got a boost from Sprouts Farmers Market Inc , Aldi and Smart & Final Stores Inc. , while Texas saw growth from Kroger Co. and H-E-B. Despite the growth, real estate investment of $9.9 billion is down year-over-year. "While grocery investment saw a decrease in 2018, that may be due in part to stricter underwriting standards and lack of Trophy and Class A grocery-anchored deals on the market last year," added Chris Angelone, Retail Capital Markets Lead, JLL. "However, we expect an uptick in premium grocery locations to go on the market in 2019 as REITs continue to dispose some of their smaller neighborhood and community centers." While traditional-sized grocers are growing, grocers are also focused on smaller stores with local offerings that best serve the more frequent, shorter grocery trips that many shoppers are making.
On a per-share basis, the Commerce, California-based company said it had a loss of $1.66. Earnings, adjusted for asset impairment costs and pretax expenses, were 8 cents per share. The results fell short ...
Smart & Final Stores (SFS) delivered earnings and revenue surprises of -33.33% and 1.03%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?