The Fresh Market Inc (TFM) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Wednesday, August 31, 2021 9:35 AM

The Fresh Market Inc (TFM) announced its quarterly results on Wednesday. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.04. The company’s quarterly revenue was up 13.6% on a year-over-year basis.

On a related note, analysts at Goldman Sachs (NYSE: GS) reiterated a "neutral" rating on shares of The Fresh Market Inc in a research note to investors on Tuesday. Also, analysts at JPMorgan Chase & Co. (NYSE: JPM) upgraded shares of The Fresh Market Inc from a "neutral" rating to an "overweight" rating in a research note to investors on Monday, June 20th. They now have a $42.00 price target on the stock, up previously from $33.00.

Shares of The Fresh Market Inc (TFM) opened at 34.84 on Wednesday. The Fresh Market Inc (TFM) has a 52 week low of $30.86 and a 52 week high of $46.85. The stock's 50-day moving average is $34.58 and its 200-day moving average is $38.04. The company has a market cap of $1.672 billion and a price-to-earnings ratio of 68.31.

The Fresh Market, Inc. is a specialty retailer. As of April 30, 2010, the Company operated 95 stores in 19 states, primarily in the Southeast, Midwest and Mid-Atlantic United States. The Company focuses on perishable product categories, which include meat, seafood, produce, deli, bakery, floral, sushi and prepared foods. Its non-perishable product categories consist of traditional grocery and dairy products, as well as specialty foods, including bulk, coffee and candy, and beer and wine. The Company’s professional meat cutters are available during all hours of operation to answer customers’ questions, offer cooking tips and provide custom cuts of meat. Its offerings include steaks that are trimmed and aged for 14 to 21 days, fresh turkeys year-round and ground beef that is ground daily in-store from steak trimmings and whole roasts. It offers its customers a selection of fresh seafood.

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