Insider Buying: Ray D. Berry Acquires 435,000 Shares of The Fresh Market Stock (TFM)
The Fresh Market (NYSE:TFM) Director Ray D. Berry bought 435,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 2nd. The shares were purchased at an average price of $30.47 per share, for a total transaction of $13,254,450.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of The Fresh Market (NYSE:TFM) traded down 0.42% on Monday, hitting $30.52. 893,395 shares of the company’s stock traded hands. The Fresh Market has a 52 week low of $28.60 and a 52 week high of $57.16. The stock’s 50-day moving average is $33.3 and its 200-day moving average is $36.69. The company has a market cap of $1.473 billion and a P/E ratio of 32.96.
The Fresh Market (NYSE:TFM) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.09. The company had revenue of $431.00 million for the quarter, compared to the consensus estimate of $419.85 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. Analysts expect that The Fresh Market will post $1.58 EPS for the current fiscal year.
A number of research firms have recently commented on TFM. Analysts at Jefferies Group reiterated a “hold” rating on shares of The Fresh Market in a research note on Friday, May 23rd. They now have a $35.00 price target on the stock, down previously from $36.00. Separately, analysts at Sterne Agee downgraded shares of The Fresh Market from a “neutral” rating to an “underperform” rating in a research note on Wednesday, May 7th. They now have a $29.00 price target on the stock, down previously from $35.00. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.98.
The Fresh Market, Inc, (NYSE:TFM) is a specialty retailer.
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.