UPDATE: Goldman Sachs Raises PT to $58 on The Fresh Market on Consistent Growth

Goldman Sachs reiterated its Neutral rating on The Fresh Market

and increased its price target form $56 to $58 a share. Goldman Sachs commented, "Our FY12 EPS estimate remains above the high end of management's guidance due to a higher comp assumption and operating margin expansion based on the following takeaways from the call: (1) strength in higher basket transactions likely reflects increasing relevancy within existing markets; (2) strong new store productivity demonstrates demand nationwide; and (3) merchandise margins benefits remain a tailwind." The Fresh Market closed at $58.16 on Wednesday.