UPDATE: Stifel Nicolaus Initiates Hold on Mattress Firm Holding Corp

Stifel Nicolaus initiates its coverage on Mattress Firm Holding Corp

with a Hold rating on shares following impressive price appreciation on the heels of strong sales, earnings and acquisitions. Stifel Nicolaus notes, "The shares have risen 132% since the IPO last November and 17.6% on Wednesday (compared to the S&P 500 at 12.6% and 0.75%, respectively) on the heels of impressive sales and earnings results and a materially accretive acquisition announced on 4/10/12. At 20X our calendar 2013 EPS estimate, we believe the stock is fairly valued. MRFM closed at $44 on Wednesday.