The Fresh Market (TFM) Posts Quarterly Earnings Results, Misses Expectations By $0.11 EPS
The Fresh Market (NYSE:TFM) issued its quarterly earnings data on Thursday. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.35 by $0.11, Stock Ratings Network reports. The company had revenue of $422.20 million for the quarter, compared to the consensus estimate of $411.85 million. During the same quarter in the previous year, the company posted $0.32 earnings per share.
A number of research firms have recently commented on TFM. 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. On a related note, 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, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $39.85.
Shares of The Fresh Market (NYSE:TFM) traded down 1.68% on Thursday, hitting $30.43. 965,237 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 $56.04. The stock has a 50-day moving average of $30.89 and a 200-day moving average of $33.11. The company has a market cap of $1.473 billion and a P/E ratio of 33.28.
The Fresh Market, Inc, (NYSE:TFM) is a specialty retailer.
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