Fairway Group Holdings Corp (FWM) Posts Quarterly Results
Fairway Group Holdings Corp (NYSE:FWM) announced its earnings results on Thursday. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.11, Analyst Ratings News reports. The company had revenue of $198.27 million for the quarter, compared to the consensus estimate of $196.91 million. During the same quarter in the previous year, the company posted ($2.11) earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis.
A number of research firms have recently commented on FWM. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Fairway Group Holdings Corp in a research note on Friday, May 30th. They now have a $7.50 price target on the stock, down previously from $8.00. On a related note, analysts at Oppenheimer cut their price target on shares of Fairway Group Holdings Corp from $8.00 to $7.00 in a research note on Friday, May 30th. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Fairway Group Holdings Corp in a research note on Friday, May 30th. They now have a $8.00 price target on the stock, down previously from $12.00. Two 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 stock. The company presently has a consensus rating of “Hold” and an average target price of $9.92.
Shares of Fairway Group Holdings Corp (NYSE:FWM) traded down 1.57% on Thursday, hitting $5.65. The stock had a trading volume of 196,857 shares. Fairway Group Holdings Corp has a one year low of $5.51 and a one year high of $26.52. The stock has a 50-day moving average of $6.20 and a 200-day moving average of $7.39. The company’s market cap is $245.4 million.
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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