The Fresh Market Receives New Coverage from Analysts at Raymond James (TFM)

Raymond James initiated coverage on shares of The Fresh Market (NYSE: TFM) in a research note issued on Tuesday. The firm set a “strong-buy” rating on the stock.

A number of other firms have also recently commented on TFM. Analysts at Zacks downgraded shares of The Fresh Market from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, March 8th. They now have a $37.20 price target on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of The Fresh Market from $55.00 to $43.00 in a research note to investors on Friday, March 8th. They now have a “market perform” rating on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of The Fresh Market to $40.00 in a research note to investors on Thursday, March 7th.

Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The Fresh Market presently has a consensus rating of “Hold” and a consensus target price of $54.02.

Shares of The Fresh Market (NYSE: TFM) traded down 0.61% during mid-day trading on Tuesday, hitting $40.53. The Fresh Market has a 52 week low of $36.51 and a 52 week high of $65.69. The stock’s 50-day moving average is currently $45.66. The company has a market cap of $1.951 billion and a P/E ratio of 30.66.

The Fresh Market (NYSE: TFM) last released its earnings data on Wednesday, March 6th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.45 by $0.02. The company had revenue of $369.90 million for the quarter, compared to the consensus estimate of $380.12 million. During the same quarter last year, the company posted $0.38 earnings per share. The Fresh Market’s revenue was up 15.2% compared to the same quarter last year. 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. The Company focuses on perishable product categories, which include meat, seafood, produce, deli, bakery, floral, sushi and prepared foods.

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