Why The Fresh Markets (TFM) Stock Is Gaining in After-Hours Trading Today

NEW YORK (TheStreet) -- The Fresh Market (TFM) was gaining 6.2% to $30.43 after-hours Thursday after beating analysts' estimates for earnings and revenue in the second quarter.

For the second quarter the grocery store operator reported earnings of 36 cents a share, beating the Thomson Reuters consensus estimate of 35 cents a share by 1 cent. Revenue grew 19% from the year-ago quarter to $422.23 million, beating analysts' estimates of $411.85 million.

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

"We rate FRESH MARKET INC (TFM) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and premium valuation."

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

TFM Chart TFM data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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