Share on StockTwits
 

Fairway Group Holdings Corp (NYSE:FWM) hit a new 52-week low during trading on Monday , ARN reports. The stock traded as low as $7.87 and last traded at $8.12, with a volume of 1,614,367 shares. The stock had previously closed at $8.12.

A number of analysts have recently weighed in on FWM shares. Analysts at Bank of America downgraded shares of Fairway Group Holdings Corp from a “neutral” rating to an “underperform” rating in a research note to investors on Monday. They now have a $6.00 price target on the stock, down previously from $20.00. Separately, analysts at Wolfe Research 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 UBS AG 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 $15.00 price target on the stock, up previously from $13.00. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Fairway Group Holdings Corp has a consensus rating of “Hold” and an average target price of $14.17.

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 $350.1 million.

Fairway Group Holdings Corp (NYSE:FWM) last released its earnings data on Thursday, February 6th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing the 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 revenue for the quarter was up 14.3% on a year-over-year basis. Analysts expect that Fairway Group Holdings Corp will post $-2.33 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.

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.