Bright Horizons Family Solutions (NYSE:BFAM) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Bright Horizons Family Solutions (NYSE:BFAM) from a buy rating to a hold rating in a research report released on Sunday.

A number of other analysts also recently weighed in on the stock. Robert W. Baird set a $136.00 target price on shares of Bright Horizons Family Solutions in a research report on Friday, October 31st. Morgan Stanley reduced their price objective on shares of Bright Horizons Family Solutions from $104.00 to $96.00 and set an “underweight” rating on the stock in a research note on Friday, October 24th. UBS Group increased their price objective on shares of Bright Horizons Family Solutions from $112.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. lifted their target price on shares of Bright Horizons Family Solutions from $156.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, The Goldman Sachs Group dropped their target price on shares of Bright Horizons Family Solutions from $146.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $128.71.

Bright Horizons Family Solutions Stock Up 0.5%

Shares of NYSE:BFAM opened at $104.18 on Friday. The firm has a market cap of $5.89 billion, a P/E ratio of 29.94, a P/E/G ratio of 1.42 and a beta of 1.41. Bright Horizons Family Solutions has a 12-month low of $91.49 and a 12-month high of $132.99. The business has a fifty day simple moving average of $101.33 and a 200 day simple moving average of $113.07. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.52.

Bright Horizons Family Solutions (NYSE:BFAM) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.25. The firm had revenue of $802.81 million for the quarter, compared to analyst estimates of $781.16 million. Bright Horizons Family Solutions had a return on equity of 17.07% and a net margin of 6.98%.The business’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.11 EPS. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.480-4.530 EPS. Analysts predict that Bright Horizons Family Solutions will post 3.61 earnings per share for the current year.

Insider Activity

In related news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $108.52, for a total transaction of $108,520.00. Following the transaction, the chief operating officer directly owned 26,449 shares of the company’s stock, valued at $2,870,245.48. This represents a 3.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.21% of the stock is owned by insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Twin Tree Management LP bought a new stake in Bright Horizons Family Solutions in the 1st quarter valued at about $29,000. Financial Consulate Inc. bought a new stake in shares of Bright Horizons Family Solutions during the third quarter valued at approximately $26,000. TruNorth Capital Management LLC acquired a new position in shares of Bright Horizons Family Solutions during the third quarter worth approximately $28,000. Geneos Wealth Management Inc. raised its position in shares of Bright Horizons Family Solutions by 98.8% during the first quarter. Geneos Wealth Management Inc. now owns 336 shares of the company’s stock worth $43,000 after purchasing an additional 167 shares during the period. Finally, Rothschild Investment LLC lifted its holdings in shares of Bright Horizons Family Solutions by 6,700.0% in the 3rd quarter. Rothschild Investment LLC now owns 340 shares of the company’s stock worth $37,000 after purchasing an additional 335 shares in the last quarter.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.