Jefferies Group Reiterates “Buy” Rating for Fairway Group Holdings Corp (FWM)
Fairway Group Holdings Corp (NYSE:FWM)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Group in a research report issued on Monday, American Banking & Market News reports. They currently have a $30.00 target price on the stock. Jefferies Group’s target price would suggest a potential upside of 22.60% from the company’s current price.
Shares of 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 52 week low of $16.00 and a 52 week 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 issued its quarterly earnings data 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. On average, analysts predict that Fairway Group Holdings Corp will post $0.07 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Guggenheim raised their price target on shares of Fairway Group Holdings Corp from $23.00 to $28.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, 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. 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 issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $29.20.
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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