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

Article Stock Quotes (1) Comments (0)

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, with a 52 week range of $30.86-$56.47.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
• Deutsche Bank Sees Upside in AIG (AIG) Stock
• Goldman Sachs Upgrades Mizuho Financial Group Inc. (MFG) to Buy

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Goldman Sachs

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?