The Fresh Market (TFM) Releases FY14 Earnings Guidance

The Fresh Market (NYSE: TFM) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.51-1.58 for the period, compared to the Thomson Reuters consensus estimate of $1.54, Analyst Ratings Network.com reports.

A number of research firms have also recently commented on TFM. Analysts at Zacks upgraded shares of The Fresh Market from an underperform rating to a neutral rating in a research note to investors on Monday, April 8th. They now have a $41.40 price target on the stock. On a related note, analysts at Northcoast Research upgraded shares of The Fresh Market from a sell rating to a neutral rating in a research note to investors on Monday, March 25th. Finally, analysts at Raymond James initiated coverage on shares of The Fresh Market in a research note to investors on Tuesday, March 19th. They set a strong-buy rating on the stock.

Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The Fresh Market currently has an average rating of Hold and an average price target of $54.49.

Shares of The Fresh Market (NYSE: TFM) opened at 46.36 on Wednesday. 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 $40.77. The company has a market cap of $2.235 billion and a P/E ratio of 34.66.

The Fresh Market (NYSE: TFM) last posted its quarterly 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.

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