Fairway Group Holdings Corp PT Raised to $28.00 (FWM)
Guggenheim hoisted their price target on shares of Fairway Group Holdings Corp (NYSE:FWM) from $23.00 to $28.00 in a research note issued on Monday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock. Guggenheim’s target price would indicate a potential upside of 14.43% from the stock’s previous close.
A number of other firms have also recently commented on FWM. Analysts at BB&T Corp. raised their price target on shares of Fairway Group Holdings Corp from $23.00 to $30.00 in a research note to investors on Friday, August 9th. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Fairway Group Holdings Corp in a research note to investors on Friday, August 9th. They now have a $30.00 price target on the stock, up previously from $24.00. Finally, analysts at Tigress Financial initiated coverage on shares of Fairway Group Holdings Corp in a research note to investors on Wednesday, July 24th. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. Fairway Group Holdings Corp currently has an average rating of “Buy” and an average price target of $29.20.
Fairway Group Holdings Corp (NYSE:FWM) traded up 10.62% during mid-day trading on Monday, hitting $24.47. The stock had a trading volume of 388,627 shares. Fairway Group Holdings Corp has a one year low of $16.00 and a one year high of $28.87. The stock has a 50-day moving average of $23.81 and a 200-day moving average of $23.07. The company’s market cap is $1.012 billion.
Fairway Group Holdings Corp (NYSE:FWM) last announced its earnings results on Thursday, August 8th. The company reported ($2.11) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.06) by $2.05. The company had revenue of $186.80 million for the quarter, compared to the consensus estimate of $187.81 million. Fairway Group Holdings Corp’s revenue was up 20.7% compared to the same quarter last year. Analysts expect that Fairway Group Holdings Corp will post $0.07 EPS for the current fiscal year.
Fairway Group Holdings Corp. operates in the retail food industry, selling fresh, natural and organic products, prepared foods, and specialty and gourmet offerings along with a assortment of conventional groceries.
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