Fresh Market said in October it had retained investment bank JP Morgan Chase & Co to assist in a review of strategic options, including the potential sale of the company. (NASDAQ:TFM) to post earnings of $0.51 per share in next report, which is scheduled to be announced on 2016-03-03. Acadian Asset Management now owns 136,942 shares of the company’s stock worth $3,207,000 after buying an additional 133,390 shares during the last quarter. The firm stated that the Fresh Market could be acquired on a $21-per-share basis, and added that the company experiences strong competition in the South Eastern region. The business had revenue of $433.12 million for the quarter, compared to analyst estimates of $436.09 million. (NASDAQ:TFM)’s. The stock, which started the day at 18.25 touched a high of 22.78 and plunged to touch 17.83 level. The stock has a 50 day moving average of $20.64 and a 200-day moving average of $23.91.
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To highlight the current valuation status of The Fresh Market, Inc., investors can use price-to-earnings ratio. On basis of last trading price, NMS has a market cap of 991.04M and has recorded mean volume of 612682 shares in past few months. First Call has projected the firm’s EPS at 0.49 for the next quarter, and 1.57 for this quarter. Berry’s son-in-law, Michael Barry, who previously served as Fresh Market’s chief financial officer, was also considering rolling his 6.4 percent stake in the deal, the sources said at the time. It focuses on perishable product categories, which include meat, seafood, produce, deli, bakery, floral, sushi and prepared foods.
