The Fresh Market (TFM)- Market Cap $1.95 B - PE Ratio 28.0 (52 Low: $36.51 High: 57.16
Sprouts Farmers Market (SFM)- Market $5.54 B - PE Ratio 113.6
Whole Foods Market (WFM)- Market Cap $20.95 B - PE Ratio 20.95
Besides last week you couldn't get an entry point this low since Mid April 2013. Competition is better for companies like TFM and SFM because it shows the organic food industry is turning into a huge market. I think TFM is perfectly positioned to take advantage of that market in the long-run. Maybe $38-$40 isn't the absolute bottom but I would start accumulating some shares at this moment if I was bullish on this stock as well as the organic food market in general.
I honestly don't care what Zacks said or any analyst says. Obviously the stock was overvalued in the $50-$60 range and after the last earnings report it didn't deserve that price or that premium. I think you have to look at the fact that TFM was able to build 10 new stores last quarter and are going to build 5 new stores in the 4th quarter of this year. I like the fact tht the market cap is $2B and I could see it growing to $5 to $8B. I think their P/E ratio of 28 is high but acceptable considering their 13% earnings growth in the quarter.
Yesterday WFM & SFM went down and TFM went up. Today SFM is going down and WFM & TFM is going up. I think this is a sign of "sharp money" moving in on TFM considering it continues to go up despite more negative news information. Jim Cramer says never trust an analyst bc they tell u to buy all the way down and then will actually tell you to sell at the bottom. Never trust anyone but your own judgement and do your own research.
I am very bullish towards TFM with a price target of $48-$54 by mid jan