The Fresh Market is now covered by 21 Wall Street analysts. The business had revenue of $433.12 million for the quarter, compared to analyst estimates of $436.09 million. Zacks Investment Research cut The Fresh Market from a hold rating to a sell rating in a report on Wednesday, November 18th. (NASDAQ: TFM) to post earnings of $0.51 per share in next report, which is scheduled to be announced on 2016-03-03. TFM would add 183 stores across 27 states to KR’s reach, reports Reuters. This presents a solid upside to the current price of the equity. The announcement mentioned selling part or all of the company. The stock had a trading volume of 713,902 shares. Also, it is known that the 200-day MA stands at $23.92, and the stock price is $-5.87 or -24.55% away from this level.
Peer Whole Foods Market Inc, a leader in the organic sector, has seen the value of its shares drop nearly by half in the last 12 months. Finally, Retirement Systems of Alabama increased its stake in The Fresh Market by 29.6% in the fourth quarter. As per the record, the company’s EPS in last fiscal was 1.30.
The Fresh Market did $1.8 billion in sales during its latest 12 months of operations and employs more than 12,000 workers, according to Bloomberg. “For Fresh Market, the competitive landscape is getting tougher”. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01.
At the same time, the brokerages expect the The Fresh Market, Inc. The Company’s non-perishable product categories consist of traditional grocery, frozen and dairy products, as well as bulk, coffee and candy, beer and wine, and health and beauty.
