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Fairway Group Holdings Corp (NYSE:FWM) was downgraded by stock analysts at Bank of America from a “neutral” rating to an “underperform” rating in a report issued on Monday, Analyst Ratings Network reports. They currently have a $6.00 price objective on the stock, down from their previous price objective of $20.00. Bank of America’s price objective points to a potential downside of 26.11% from the company’s current price.

The analysts wrote, “FWM reported F3Q14 revenues of $205.7MM (+22.9% y/y), below our estimate of $209.8MM (+25.3%) with a comparable sales (ex-Red Hook) decline of -1.7%. Gross margin of 31.9% was below our 32.5%. Higher than expected investments in marketing, e-commerce and new store expenses led to 80 bps of total operating expense deleverage (33.8% of sales), 200bps below our forecast. Lower than expected sales and margins, combined with unexpected expense deleverage resulted in adjusted EBITDA of $12.7MM vs. our $14.7MM forecast. We’ve lowered our F15 sales estimate to $845MM (was $912MM), and our F15 EPS estimate to a loss per share of $(0.59), cut from our previous estimate of $(0.18).”

A number of other analysts have also recently weighed in on FWM. 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. Separately, 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. Finally, analysts at Guggenheim downgraded shares of Fairway Group Holdings Corp from a “buy” rating to a “neutral” rating in a research note to investors on Friday. They now have a $13.00 price target on the stock, down previously from $28.00. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Fairway Group Holdings Corp presently has an average rating of “Hold” and an average target price of $14.17.

Shares of Fairway Group Holdings Corp (NYSE:FWM) traded up 0.29% during mid-day trading on Monday, hitting $8.1436. The stock had a trading volume of 882,268 shares. 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 $351.2 million.

Fairway Group Holdings Corp (NYSE:FWM) last announced its earnings results 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. 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.

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