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Equities researchers at Jefferies Group cut their target price on shares of Fairway Group Holdings Corp (NYSE:FWM) from $8.00 to $6.50 in a research report issued on Friday. Jefferies Group’s price objective indicates a potential upside of 18.83% from the stock’s previous close.

Shares of Fairway Group Holdings Corp (NYSE:FWM) opened at 5.48 on Friday. Fairway Group Holdings Corp has a one year low of $5.45 and a one year 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 $238.0 million.

Fairway Group Holdings Corp (NYSE:FWM) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.22) EPS for the quarter, missing the analysts’ 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 last year, the company posted ($2.11) earnings per share. Fairway Group Holdings Corp’s revenue was up 6.2% compared to the same quarter last year. Analysts expect that Fairway Group Holdings Corp will post $-0.46 EPS for the current fiscal year.

A number of other firms have also recently commented on FWM. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Fairway Group Holdings Corp in a research note on Friday. They now have a $4.00 price target on the stock, down previously from $5.50. Separately, analysts at Oppenheimer cut their price target on shares of Fairway Group Holdings Corp from $7.00 to $6.00 in a research note on Friday. They now have a “market perform” rating on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average 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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