Jefferies Group Initiates Coverage on Fresh Market (TFM)
Equities research analysts at Jefferies Group initiated coverage on shares of Fresh Market (NYSE:TFM) in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $54.00 price target on the stock. Jefferies Group’s price target would suggest a potential upside of 8.17% from the company’s current price.
The analysts wrote, “We are attracted to The Fresh Market’s long runway for 15% store expansion, 20% EPS growth and strong ROIC, but we believe the company’s entry into California raises enough questions on new store productivity and logistics to keep valuation in check. Initiate at Hold.”
A number of other firms have also recently commented on TFM. Analysts at Deutsche Bank initiated coverage on shares of Fresh Market in a research note to investors on Wednesday, September 25th. They set a “buy” rating and a $58.00 price target on the stock. Separately, analysts at Telsey Advisory Group initiated coverage on shares of Fresh Market in a research note to investors on Friday, September 13th. They set a “not rated” rating and a $60.00 price target on the stock. Finally, analysts at Piper Jaffray Cos. reiterated an “overweight” rating on shares of Fresh Market in a research note to investors on Thursday, August 29th. They now have a $59.00 price target on the stock, down previously from $67.00. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $57.50.
Shares of Fresh Market (NYSE:TFM) opened at 49.92 on Monday. Fresh Market has a 52-week low of $36.51 and a 52-week high of $62.48. The stock has a 50-day moving average of $50.09 and a 200-day moving average of $48.44. The company has a market cap of $2.413 billion and a price-to-earnings ratio of 34.91.
Fresh Market (NYSE:TFM) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $354.80 million for the quarter, compared to the consensus estimate of $357.08 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis.
The Fresh Market, Inc, (NYSE:TFM) is a specialty retailer.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.