Fairway Group Holdings Corp Rating Lowered to Hold at BB&T Corp. (FWM)
Fairway Group Holdings Corp (NYSE:FWM) was downgraded by analysts at BB&T Corp. from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports.
Fairway Group Holdings Corp (NYSE:FWM) opened at 8.12 on Friday. Fairway Group Holdings Corp has a 52 week low of $8.02 and a 52 week 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 announced its earnings results on Thursday, February 6th. The company reported ($0.74) earnings per share for the quarter, missing the analysts’ 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. Fairway Group Holdings Corp’s revenue was up 14.3% compared to the same quarter last year. Analysts expect that Fairway Group Holdings Corp will post $-2.33 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Oppenheimer downgraded shares of Fairway Group Holdings Corp from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. They now have a $10.00 price target on the stock, down previously from $20.00. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.80.
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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