Skip to main content

Market Overview

Specialty Food Retailers Rise On Heels Of Fresh Market Q2 Results


Fresh Market (NASDAQ: TFM) gained more than eight percent Friday after the company said second-quarter sales grew 19 percent.

Other stocks in the specialty foods space followed suit with Fairway Group (NASDAQ: FWM) up 5.5 percent, Sprouts Farmers Market (NASDAQ: SFM) up three percent and Whole Foods Market (NASDAQ: WFM) gaining two percent in afternoon trading.

Despite its stellar sales growth, Fresh market posted a 27 percent drop in profits on higher costs Thursday after the bell, with comparable-store sales rising 2.9 percent.

But Fresh Market's current share valuation prompted B&T Corp.'s Andy Wolf to upgrade Fresh Market to Buy from Hold Friday with a $41 target.

UBS' Jason DeRise reiterated a Buy rating on Fresh Market and $44 target, citing easier profit comparisons for the third quarter as well as improved financial controls at the company.

Yet Fresh Market's recent higher costs that caused its steep earnings decline, plus expectations of low single-digit same-store sales growth worried Goldman Sachs' Stephen Grambling enough to reiterate his Sell rating.

Fresh Market traded recently at $33, up 8.4 percent.

Latest Ratings for TFM

Apr 2016Credit SuisseTerminates Coverage OnNeutral
Apr 2016Stephens & Co.DowngradesOverweightEqual-Weight
Mar 2016Morgan StanleyUpgradesUnderweightEqual-Weight

View More Analyst Ratings for TFM
View the Latest Analyst Ratings


Related Articles (TFM)

View Comments and Join the Discussion!

Posted-In: Andy Wolf B&T Corp.Earnings News Upgrades Price Target Intraday Update Analyst Ratings

Latest Ratings

KFYCredit SuisseMaintains65.0
STTCredit SuisseMaintains90.0
AQUACredit SuisseMaintains37.0
TGTArgus ResearchMaintains265.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at