Fairway Group (FWM) PT Sliced at Jefferies Post Q4

Jefferies analyst Mark Wiltamuth reiterated a Buy rating but cut estimates and his price target on Fairway Group Holdings (NASDAQ: FWM) to $8.00 (from $12.00) following in-line Q4 results but weak guidance.

Wiltamuth commented, "Fairway's Adj. EBITDA for F4Q14 exceeded our estimate and was in-line with guidance, but F2015 guidance slipped on timing of new stores and F2016 openings are also leaking into F2017. We maintain our BUY on the prospects for better EBITDA power in F2017, but the company still has work to do in restoring investor confidence. We lower our target to $8 from $12 on estimate cuts from the delays in store openings."

The firm cut Q1 EPS from ($0.09) to ($0.14) and FY 2015 EPS was bumped from ($0.40) to ($0.37).

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 $6.64 yesterday.

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