The Fresh Market Sees Unusually Large Options Volume (TFM)
Shares of The Fresh Market (NYSE:TFM) were the recipient of some unusual options trading on Tuesday. Traders acquired 511 call options on the company, Stock Ratings Network reports. This represents an increase of 144% compared to the average volume of 209 call options.
Several analysts have recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of The Fresh Market in a research note on Thursday, July 17th. They set an “underperform” rating and a $29.00 price target on the stock. Separately, analysts at Northcoast Research upgraded shares of The Fresh Market from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 15th. Finally, 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. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The Fresh Market currently has a consensus rating of “Hold” and an average target price of $39.41.
Shares of The Fresh Market (NYSE:TFM) traded up 1.63% during mid-day trading on Tuesday, hitting $29.95. 659,757 shares of the company’s stock traded hands. 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 $32.20 and a 200-day moving average of $33.51. The company has a market cap of $1.450 billion and a P/E ratio of 31.69.
The Fresh Market (NYSE:TFM) last issued its quarterly earnings data 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. 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.
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