Fairway Group Holdings (FWM) PT, Estimates Raised at Jefferies

Jefferies analyst Mark Wiltamuth bumped estimates and his price target on Buy-rated Fairway Group Holdings (NASDAQ: FWM) to $5.25 (from $5.00) following Q4 earnings 'beat'.

commented, "4Q earnings beat cons. as mgmt's "Retail 101" approach continued to make progress on margins & the new WFM opening on the UES fell in line with expectations (-90bps or 14-15% of sales). A smaller, more cost effective prototype was also announced. Given better execution and ample opportunity to make further strides on key initiatives, we continue to like FWM shares as a turnaround story."

The firm raised FY 2016 EPS from ($0.35) to ($0.34) and FY 2017 EPS from ($0.14) to ($0.08).

For an analyst ratings summary and ratings history on Fairway Group Holdings click here. For more ratings news on Fairway Group Holdings click here.

Shares of Fairway Group Holdings closed at $4.45 yesterday.

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