NEW YORK (TheStreet) -- The Fresh Market (TFM) shares are up 5.17% to $41.68 in trading on Friday after the high quality food grocer reported its fourth quarter earnings results after the closing bell yesterday.

The company reported fourth quarter net income of $20.2 million, or 55 cents per diluted share on an adjusted basis, a 41% increase over the 39 cents per share the company reported during the same period last year, on revenue of $480.5 million.

Analysts on average were expecting the company to report earnings of 51 cents per diluted share on revenue of $483.3 million.

The company reported full year earnings of $1.30 per share on revenue of $1.75 billion while issuing fiscal 2015 earnings guidance between $1.77 and $1.85 per share. 

TheStreet Ratings team rates FRESH MARKET INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate FRESH MARKET INC (TFM) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• You can view the full analysis from the report here: TFM Ratings Report

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