Fairway Group Holdings Corp PT Lowered to $7.00 (FWM)
Equities researchers at Oppenheimer decreased their price target on shares of Fairway Group Holdings Corp (NYSE:FWM) from $8.00 to $7.00 in a research report issued on Friday. Oppenheimer’s price objective would suggest a potential upside of 5.42% from the stock’s previous close.
Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Fairway Group Holdings Corp in a research note on Friday. They now have a $8.00 price target on the stock, down previously from $12.00. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Fairway Group Holdings Corp presently has a consensus rating of “Hold” and an average target price of $9.92.
Fairway Group Holdings Corp (NYSE:FWM) traded down 7.23% on Friday, hitting $6.16. 648,361 shares of the company’s stock traded hands. Fairway Group Holdings Corp has a 52 week low of $5.55 and a 52 week high of $28.87. The stock’s 50-day moving average is $6.60 and its 200-day moving average is $11.23. The company’s market cap is $265.6 million.
Fairway Group Holdings Corp (NYSE:FWM) last released its earnings data on Thursday, May 29th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.12. The company had revenue of $200.30 million for the quarter, compared to the consensus estimate of $199.20 million. During the same quarter in the previous year, the company posted ($1.17) earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Analysts expect that Fairway Group Holdings Corp will post $-0.34 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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