QUOTE AND NEWS
Benzinga  Jul 17  Comment 
Analysts at Credit Suisse initiated coverage on shares of The Fresh Market (NASDAQ: TFM) with a Underperform rating. The target price for Fresh Market is set to $29. The Fresh Market shares have dropped 40.49% over the past 52 weeks, while...
Forbes  Jul 16  Comment 
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that...
Motley Fool  Jul 15  Comment 
Analysts shift stance on Kellogg, Campbell Soup, and The Fresh Market.
Motley Fool  Jul 8  Comment 
A Goldman analyst calls out Fresh Market and investors flee in response.
Motley Fool  Jul 8  Comment 
Analysts shift stance on Silicon Labs, Applied Materials, and 3M.
SeekingAlpha  Jul 3  Comment 
By Nitin Gulati: Over the past 5 years, supermarket and grocery retailers in the US experienced significant polarization, obvious after reviewing market segments' performance. Because of the rise in consumer awareness and disposable income,...
Motley Fool  Jun 26  Comment 
Whole Foods Market continues to struggle as competitors like The Fresh Market and Sprouts Farmers Market see growth reminiscent of a younger Whole Foods Market. As it attempts to make significant changes, is Whole Foods Market about to have an...
Motley Fool  Jun 25  Comment 
Morgan Stanley says to buy Whole Foods and Sprouts, but leave The Fresh Market on the shelf.
Benzinga  Jun 25  Comment 
In a note dated June 24, Morgan Stanley analyst Vincent Sinisi initiated coverage on The Fresh Market (NASDAQ: TFM) with an Underweight rating and a $30 price target. Sinisi began the note by calling out The Fresh Market for not effectively...




 
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The Fresh Market (NASDAQ:TFM) is a specialty food retailer. The company has an emphasis on fresh, perishable items. As of October 2010, TFM operated 100 stores across 20 US states mostly in the Southeast, Midwest, and Mid-Atlantic. Because it focuses heavily on fresh items the stores tend to be at least half the size of conventional supermarkets.[1]

The company plans to continue to increase the number of stores that in operates. It expects that it will be able to operate at least 500 stores with the given format. The company has historically pushed to expand its store base and has tripled the number of stores that it operates since 2000.[2]

The company's initial public offering of stock on the NASDAQ occurred on November 4, 2010. The company offered 13.2M shares each for $22. This was above the initial price range of $18-$20. The IPO raised a total of $292M. The proceeds of the deal will go entirely to shareholders and not to the company. As a result, the IPO will not directly generate revenue for The Fresh Market as a company. The lead underwriters of the deal were Bank of America (BAC), J P Morgan Chase (JPM), and Goldman Sachs Group (GS).[3]

Since 2007, TFM has managed to continue to grow its total revenue figure. In 2009, its total revenue was $862M, which was a 8% increase over the year before. The company's net income has also risen each year since 2007. The company's 2009 net income was $49M which was a 53% increase from 2008.[4]

References

  1. TFM S-1/a 2010 Prospectus Summary "Our Company" pg 1
  2. TFM S-1/a 2010 Prospectus Summary "Our Growth Strategy" pg 2-3
  3. Renaissance Capital - IPO Home "The Fresh Market prices 13.2mm shares at $22, above the range" 4 Nov 2010
  4. TFM S-1/a 2010 Prospectus Summary "Summary Financial Information and Other Data" pg 6
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