Oppenheimer Reiterates “Hold” Rating for Fairway Group Holdings Corp (FWM)
Fairway Group Holdings Corp (NYSE:FWM)‘s stock had its “hold” rating reiterated by research analysts at Oppenheimer in a report released on Friday. They currently have a $6.00 target price on the stock, down from their previous target price of $7.00. Oppenheimer’s price objective would suggest a potential upside of 9.49% from the stock’s previous close.
Fairway Group Holdings Corp (NYSE:FWM) opened at 5.48 on Friday. Fairway Group Holdings Corp has a 52-week low of $5.45 and a 52-week high of $26.09. The stock has a 50-day moving average of $6. and a 200-day moving average of $7.38. The company’s market cap is $238.1 million.
Fairway Group Holdings Corp (NYSE:FWM) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.11. 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. On average, analysts predict that Fairway Group Holdings Corp will post $-0.52 earnings per share for the current fiscal year.
FWM has been the subject of a number of other recent research reports. 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. 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 and six have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.17.
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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