The Fresh Market Stock Rating Reaffirmed by Zacks (TFM)

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The Fresh Market (NYSE: TFM)‘s stock had its “hold” rating reaffirmed by Zacks in a research note issued to investors on Thursday, Analyst Ratings Network.com reports. They currently have a $41.40 price target on the stock. Zacks‘ price objective would suggest a potential downside of 17.68% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs reiterated a “buy” rating on shares of The Fresh Market in a research note to investors on Thursday. Separately, analysts at UBS AG raised their price target on shares of The Fresh Market from $50.00 to $56.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Piper Jaffray reiterated an “overweight” rating on shares of The Fresh Market in a research note to investors on Wednesday.

Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The Fresh Market has a consensus rating of “Buy” and a consensus target price of $51.63.

The Fresh Market (NYSE: TFM) traded up 1.79% on Thursday, hitting $51.19. The Fresh Market has a 1-year low of $36.51 and a 1-year high of $65.69. The stock’s 50-day moving average is currently $40.77. The company has a market cap of $2.468 billion and a price-to-earnings ratio of 37.81.

The Fresh Market (NYSE: TFM) last announced its earnings results on Wednesday, May 29th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.02. The company had revenue of $366.60 million for the quarter, compared to the consensus estimate of $369.69 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. The Fresh Market has set its FY14 guidance at $1.51-1.58 EPS. On average, analysts predict that The Fresh Market will post $1.56 earnings per share for the current fiscal year.

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

To view Zacks’ full report, visit www.zacks.com

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