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Analysts at Wedbush initiated coverage on shares of The Fresh Market (NYSE:TFM) in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $34.00 price target on the stock. Wedbush’s price target would suggest a potential downside of 1.31% from the company’s current price.

Shares of The Fresh Market (NYSE:TFM) opened at 34.45 on Thursday. The Fresh Market has a one year low of $28.60 and a one year high of $53.76. The stock’s 50-day moving average is $30.91 and its 200-day moving average is $33.07. The company has a market cap of $1.664 billion and a price-to-earnings ratio of 39.24.

The Fresh Market (NYSE:TFM) last announced its earnings results on Thursday, August 21st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.11. 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 prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 19.0% on a year-over-year basis. On average, analysts predict that The Fresh Market will post $1.59 earnings per share for the current fiscal year.

A number of other firms have also recently commented on TFM. Analysts at BB&T Corp. upgraded shares of The Fresh Market from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. They now have a $41.00 price target on the stock. They noted that the move was a valuation call. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $39.53.

The Fresh Market, Inc, (NYSE:TFM) is a specialty retailer.

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