Market Overview

UPDATE: Goldman Sachs Upgrades The Fresh Market to Buy on Earnings and Store Growth

Related TFM
Health Foods Are Tasting Good To Investors
Benzinga's Top Upgrades

Goldman Sachs upgraded The Fresh Market (NASDAQ: TFM) from Neutral to Buy and raised the price target from $57.00 to $60.00.

Goldman Sachs said, "Our upgrade is based on: (1) 20%+ earnings power driven by best-in-class returns and the opportunity to more than triple the store base, (2) continued opportunity for operating margin expansion, and (3) attractive valuation relative to growth/returns and peers at 28X NTM EPS (vs. the historical average of 35X). While we are lowering our FY14 EPS estimate to $2.00 from $2.04 to factor in less SG&A leverage from healthcare reform, the embedded 22% EPS growth is still reflective of an early stage growth stock yet TFM's valuation is at a discount to peers."

The Fresh Market closed at $46.47 on Friday.

Latest Ratings for TFM

Apr 2016Credit SuisseTerminatesNeutral
Apr 2016Stephens & Co.DowngradesOverweightEqual-Weight
Mar 2016Morgan StanleyUpgradesUnderweightEqual-Weight

View More Analyst Ratings for TFM
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Upgrades Analyst Ratings


Related Articles (TFM)

View Comments and Join the Discussion!

Partner Center