The Fresh Market Coverage Initiated at Credit Suisse (TFM)
Investment analysts at Credit Suisse assumed coverage on shares of The Fresh Market (NYSE:TFM) in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set an “underperform” rating on the stock.
In other The Fresh Market news, SVP Randall A. Young acquired 1,500 shares of The Fresh Market stock on the open market in a transaction that occurred on Friday, July 11th. The stock was purchased at an average cost of $31.50 per share, with a total value of $47,250.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of other firms have also recently commented on TFM. 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. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The Fresh Market currently has a consensus rating of “Hold” and a consensus price target of $40.21.
The Fresh Market (NYSE:TFM) opened at 31.77 on Thursday. The Fresh Market has a 1-year low of $28.60 and a 1-year high of $57.16. The stock has a 50-day moving average of $33.14 and a 200-day moving average of $34.42. The company has a market cap of $1.538 billion and a price-to-earnings ratio of 34.35.
The Fresh Market (NYSE:TFM) last posted its quarterly 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. On average, analysts predict that The Fresh Market will post $1.57 earnings per share for the current fiscal year.
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.