The Fresh Market Trading 1.2% Higher on Insider Buying Activity (TFM)
The Fresh Market (NYSE:TFM)’s share price traded up 1.2% during mid-day trading on Tuesday following insider buying activity, Analyst Ratings Network.com reports. The stock traded as high as $32.79 and last traded at $32.05, with a volume of 502,384 shares traded. The stock had previously closed at $31.66.
Specifically, SVP Randall A. Young acquired 1,500 shares of the stock on the open market in a transaction dated Friday, July 11th. The shares were purchased at an average cost of $31.50 per share, for a total transaction of $47,250.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on TFM shares. Analysts at Northcoast Research upgraded shares of The Fresh Market from a “neutral” rating to a “buy” rating in a research note on Tuesday. Separately, analysts at Goldman Sachs downgraded shares of The Fresh Market from a “neutral” rating to a “sell” rating in a research note on Tuesday, July 8th. They now have a $27.00 price target on the stock, down previously from $36.00. Finally, analysts at Morgan Stanley initiated coverage on shares of The Fresh Market in a research note on Wednesday, June 25th. They set an “underweight” rating and a $30.00 price target on the stock. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The Fresh Market currently has a consensus rating of “Hold” and an average price target of $40.21.
The stock has a 50-day moving average of $33.11 and a 200-day moving average of $34.50. The company has a market cap of $1.546 billion and a P/E ratio of 34.04.
The Fresh Market (NYSE:TFM) last announced its earnings results on Thursday, May 22nd. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue 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.
The Fresh Market, Inc, (NYSE:TFM) is a specialty retailer.
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