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A number of firms have modified their ratings and price targets on shares of Fairway Group Holdings Corp (NYSE: FWM) recently:

  • Fairway Group Holdings Corp was downgraded by analysts at UBS AG from an “outperform” rating to a “market perform” rating. They now have a $15.00 price target on the stock, up previously from $13.00.
  • Fairway Group Holdings Corp was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating.
  • Fairway Group Holdings Corp was downgraded by analysts at Oppenheimer from an “outperform” rating to a “market perform” rating. They now have a $10.00 price target on the stock, down previously from $20.00.
  • Fairway Group Holdings Corp was downgraded by analysts at Credit Suisse from a “neutral” rating to an “underperform” rating. They now have a $18.00 price target on the stock, up previously from $8.00. They wrote, “Although some of the issues look to be temporary (weather, calendar), we have become particularly concerned about the consistency of the earnings shortfalls, the disappointing store opening in Chelsea, reduced visibility on the real estate pipeline, increased competitive pressure, and the management changes. While the model appears to still have solid long-term potential with better execution, the recent issues have caused us to dramatically cut our 12-month valuation below FWM’s peers, our target price to $8, and ultimately our rating to Underperform as the stock seems likely to trail our coverage universe this year.”
  • Fairway Group Holdings Corp was downgraded by analysts at BB&T Corp. from a “buy” rating to a “hold” rating.
  • Fairway Group Holdings Corp was downgraded by analysts at Guggenheim from a “buy” rating to a “neutral” rating. They now have a $13.00 price target on the stock, down previously from $28.00.
  • Fairway Group Holdings Corp was downgraded by analysts at Wolfe Research from an “outperform” rating to a “market perform” rating.
  • Fairway Group Holdings Corp was downgraded by analysts at Bank of America from a “neutral” rating to an “underperform” rating. They now have a $6.00 price target on the stock, down previously from $20.00. They 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).”

Shares of Fairway Group Holdings Corp (NYSE:FWM) opened at 8.13 on Tuesday. Fairway Group Holdings Corp has a one year low of $7.87 and a one year high of $28.87. The stock has a 50-day moving average of $13.90 and a 200-day moving average of $20.45. The company’s market cap is $350.6 million.

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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