Bright Horizons Family Solutions (NYSE:BFAM) Cut to Hold at Wall Street Zen

Bright Horizons Family Solutions (NYSE:BFAM) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

Other equities analysts have also issued reports about the company. Morgan Stanley reduced their target price on Bright Horizons Family Solutions from $104.00 to $96.00 and set an “underweight” rating for the company in a report on Friday, October 24th. BMO Capital Markets reissued an “outperform” rating and issued a $124.00 price objective on shares of Bright Horizons Family Solutions in a research report on Friday, October 31st. JPMorgan Chase & Co. raised their target price on Bright Horizons Family Solutions from $156.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. The Goldman Sachs Group lowered their target price on Bright Horizons Family Solutions from $146.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Finally, Robert W. Baird set a $136.00 price target on shares of Bright Horizons Family Solutions in a research report on Friday, October 31st. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Bright Horizons Family Solutions currently has an average rating of “Hold” and an average target price of $128.71.

Bright Horizons Family Solutions Stock Performance

NYSE BFAM opened at $102.76 on Friday. The company has a fifty day moving average price of $101.53 and a 200-day moving average price of $113.39. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 33.69 and a beta of 1.36. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.56 and a quick ratio of 0.56. Bright Horizons Family Solutions has a 1 year low of $91.49 and a 1 year high of $132.99.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.25. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. The business had revenue of $802.81 million for the quarter, compared to analysts’ expectations of $781.16 million. During the same period in the previous year, the company earned $1.11 earnings per share. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.480-4.530 EPS. As a group, equities research analysts predict that Bright Horizons Family Solutions will post 3.61 EPS for the current fiscal year.

Insider Transactions at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $108.52, for a total transaction of $108,520.00. Following the sale, the chief operating officer directly owned 26,449 shares of the company’s stock, valued at $2,870,245.48. This represents a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.21% of the company’s stock.

Institutional Trading of Bright Horizons Family Solutions

Several hedge funds and other institutional investors have recently modified their holdings of BFAM. Twin Tree Management LP bought a new position in Bright Horizons Family Solutions in the 1st quarter worth approximately $29,000. Financial Consulate Inc. bought a new position in shares of Bright Horizons Family Solutions in the third quarter worth $26,000. TruNorth Capital Management LLC bought a new position in shares of Bright Horizons Family Solutions in the third quarter worth $28,000. Geneos Wealth Management Inc. raised its stake in shares of Bright Horizons Family Solutions by 98.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 336 shares of the company’s stock valued at $43,000 after purchasing an additional 167 shares during the period. Finally, Rothschild Investment LLC raised its stake in shares of Bright Horizons Family Solutions by 6,700.0% during the 3rd quarter. Rothschild Investment LLC now owns 340 shares of the company’s stock valued at $37,000 after purchasing an additional 335 shares during the period.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.