Goldman Sachs Lifts Numbers on The Fresh Market (TFM) After Strong Q1

May 31, 2012 8:40 AM EDT
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Price: $28.51 --0%

Rating Summary:
    4 Buy, 18 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Goldman Sachs lifted estimates and its price target on The Fresh Market (NASDAQ: TFM) form $47 to $53 but maintained their Neutral rating following "impressive" 1Q EPS of $0.40, above the consensus of $0.35. Management also raised FY12 guidance to $1.28-$1.34 from $1.26-$1.31 and sees comp growth of 4.5%-6.5% and 20-40bp of operating margin expansion.

Goldman rased FY12E/FY13E/FY14E EPS to $1.36/$1.69/$2.05 from $1.31/$1.60/$1.93 as they flow through the beat, factor in sustained comp growth, and anticipate further margin expansion.

For an analyst ratings summary and ratings history on The Fresh Market click here. For more ratings news on The Fresh Market click here.

Shares of The Fresh Market closed at $56.15 yesterday.

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