The Fresh Market Inc (TFM) : Taube Hodson Stonex Partners Llp reduced its stake in The Fresh Market Inc by 52.86% during the most recent quarter end. The investment management company now holds a total of 774,536 shares of The Fresh Market Inc which is valued at $22,082,021 after selling 868,486 shares in The Fresh Market Inc , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.The Fresh Market Inc makes up approximately 4.14% of Taube Hodson Stonex Partners Llp’s portfolio.
The Fresh Market Inc opened for trading at $28.5 and hit $28.53 on the upside on Friday, eventually ending the session at $28.51, with a gain of 0.04% or 0.01 points. The heightened volatility saw the trading volume jump to 11,15,864 shares. Company has a market cap of $1,341 M.
Other Hedge Funds, Including , Reinhart Partners reduced its stake in TFM by selling 44,566 shares or 30.71% in the most recent quarter. The Hedge Fund company now holds 100,559 shares of TFM which is valued at $2,866,937. The Fresh Market Inc makes up approx 0.29% of Reinhart Partners’s portfolio. Acadian Asset Management sold out all of its stake in TFM during the most recent quarter. The investment firm sold 136,942 shares of TFM which is valued $3,900,108. Endurance Wealth Management added TFM to its portfolio by purchasing 70 company shares during the most recent quarter which is valued at $1,994. Eagle Asset Management Inc sold out all of its stake in TFM during the most recent quarter. The investment firm sold 28,624 shares of TFM which is valued $814,067.
On the company’s financial health, The Fresh Market Inc reported $0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 19, 2015. Analyst had a consensus of $0.22. The company had revenue of $433.12 million for the quarter, compared to analysts expectations of $436.02 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.
Many Wall Street Analysts have commented on The Fresh Market Inc. Company shares were Reiterated by Telsey Advisory Group on Mar 24, 2016 to “Market Perform”, Firm has raised the Price Target to $ 28.50 from a previous price target of $23 .The Fresh Market Inc was Initiated by Stifel to “Hold” on Feb 12, 2016.
The Fresh Market Inc. is a specialty grocery retailer. The Company offers food products focused on perishable categories in a store format. It focuses on perishable product categories which include meat seafood produce deli bakery floral sushi and prepared foods. The Company’s non-perishable product categories consist of traditional grocery frozen and dairy products as well as bulk coffee and candy beer and wine and health and beauty. The Company’s meat department offers steaks turkeys ground beef and whole roasts. The prepared foods department offers turkey meatloaf and manicotti rotisserie selections such as whole chickens and baby back ribs and sandwiches and sides. The Company’s European-style delicatessen features deli meats and imported and domestic cheeses. Its cheese selection includes Parmesan Reggiano fresh mozzarella manchego gruyere and imported brie. It offers products in bulk format including nuts dried fruits snack mixes coffee and candy.