Fairway Group Holdings Corp Downgraded by Guggenheim to “Neutral” (FWM)
Fairway Group Holdings Corp (NYSE:FWM) was downgraded by research analysts at Guggenheim from a “buy” rating to a “neutral” rating in a report released on Friday, TheFlyOnTheWall.com reports. They currently have a $13.00 price objective on the stock, down from their previous price objective of $28.00. Guggenheim’s price target would suggest a potential upside of 60.10% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at BB&T Corp. downgraded shares of Fairway Group Holdings Corp from a “buy” rating to a “hold” rating in a research note to investors on Friday. Separately, analysts at BMO Capital Markets downgraded shares of Fairway Group Holdings Corp from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. Finally, analysts at Credit Suisse downgraded shares of Fairway Group Holdings Corp from a “neutral” rating to an “underperform” rating in a research note to investors on Friday. They now have a $18.00 price target on the stock, up previously from $8.00. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Fairway Group Holdings Corp presently has an average rating of “Hold” and a consensus price target of $15.80.
Shares of Fairway Group Holdings Corp (NYSE:FWM) opened at 8.12 on Friday. Fairway Group Holdings Corp has a 1-year low of $8.02 and a 1-year high of $28.87. The stock’s 50-day moving average is $14.15 and its 200-day moving average is $20.68. The company’s market cap is $336.1 million.
Fairway Group Holdings Corp (NYSE:FWM) last released its earnings data on Thursday, February 6th. The company reported ($0.74) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.04) by $0.70. The company had revenue of $205.70 million for the quarter, compared to the consensus estimate of $207.80 million. The company’s quarterly revenue was up 14.3% on a year-over-year basis.
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.
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.