UBS Reiterates a 'Buy' on The Fresh Market (TFM); See Further Upside
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Price: $28.51 --0%
Rating Summary:
4 Buy, 16 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 8
Rating Summary:
4 Buy, 16 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 8
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UBS reiterates a 'Buy' on The Fresh Market (NASDAQ: TFM) price target raised from $54 to $63.
Analyst, Jason DeRise, said, TFM's Q1 12 results showed that its differentiated positioning is resonating with consumers. As TFM rebuilds its new store pipeline, a higher % of stores will reach the sweet spot for comp sales growth. Stores 2-4 years after joining the comparable sales base have the fastest growth at high single to low double digits. In the note, we show how this affects future comparable sales growth, which we now estimate at 6% per annum over the next 5 years (previously assumed 5%)."
UBS raises FY12 EPS estimate from $1.32 to $1.38 and FY13 from $1.65 to $1.76.
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.
Analyst, Jason DeRise, said, TFM's Q1 12 results showed that its differentiated positioning is resonating with consumers. As TFM rebuilds its new store pipeline, a higher % of stores will reach the sweet spot for comp sales growth. Stores 2-4 years after joining the comparable sales base have the fastest growth at high single to low double digits. In the note, we show how this affects future comparable sales growth, which we now estimate at 6% per annum over the next 5 years (previously assumed 5%)."
UBS raises FY12 EPS estimate from $1.32 to $1.38 and FY13 from $1.65 to $1.76.
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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