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Fairway Group (FWM) Crumbles: Stock Tanks 29%
February 10, 2014
NGVC SFM FRGI
Fairway Group Holdings Corp. saw a big move in the last trading session, as the company’s shares fell nearly 29% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for FWM, as the stock has shed nearly 44% in the past one month time-frame.
Fairway Group, a food retail stores operator, has seen 1 negative estimate revision over the past month, and its current year earnings consensus has also moved lower over the same period. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent decline will continue, as the earnings picture definitely suggests that this might be the case.
FWM currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better ranked stocks in the Food Items industry include Natural Grocers by Vitamin Cottage, Inc. ( NGVC - Snapshot Report) and Sprouts Farmers Market, Inc. ( SFM - Snapshot Report) , both carrying a Zacks Rank #2 (Buy). Investors may also consider Fiesta Restaurant Group, Inc. ( FRGI - Snapshot Report) , belonging to the retail sector and carrying a Zacks Rank #1 (Strong Buy).
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