Bright Horizons Family Solutions (NYSE:BFAM) Lowered to Hold Rating by Zacks Research

Bright Horizons Family Solutions (NYSE:BFAM) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also commented on the company. BMO Capital Markets reissued an “outperform” rating and issued a $124.00 price target on shares of Bright Horizons Family Solutions in a research report on Friday, October 31st. UBS Group increased their target price on shares of Bright Horizons Family Solutions from $112.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Robert W. Baird set a $136.00 price target on shares of Bright Horizons Family Solutions in a research report on Friday, October 31st. JPMorgan Chase & Co. boosted their price target on shares of Bright Horizons Family Solutions from $156.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Finally, Wall Street Zen lowered shares of Bright Horizons Family Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $128.29.

Bright Horizons Family Solutions Trading Down 0.7%

BFAM opened at $101.46 on Tuesday. Bright Horizons Family Solutions has a fifty-two week low of $91.49 and a fifty-two week high of $132.99. The firm has a market capitalization of $5.74 billion, a PE ratio of 29.16, a P/E/G ratio of 1.40 and a beta of 1.41. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.54 and a quick ratio of 0.54. The company’s 50-day moving average is $100.85 and its 200 day moving average is $109.48.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.25. The firm had revenue of $802.81 million during 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 company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period 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. As a group, research analysts predict that Bright Horizons Family Solutions will post 3.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Norges Bank bought a new position in shares of Bright Horizons Family Solutions during the 2nd quarter worth $87,648,000. Conestoga Capital Advisors LLC lifted its holdings in Bright Horizons Family Solutions by 171.0% during the second quarter. Conestoga Capital Advisors LLC now owns 858,010 shares of the company’s stock valued at $106,041,000 after purchasing an additional 541,440 shares during the last quarter. M&G PLC boosted its position in Bright Horizons Family Solutions by 246.4% during the second quarter. M&G PLC now owns 690,022 shares of the company’s stock worth $85,563,000 after purchasing an additional 490,814 shares during the period. Two Sigma Investments LP increased its stake in shares of Bright Horizons Family Solutions by 358.5% in the third quarter. Two Sigma Investments LP now owns 494,382 shares of the company’s stock worth $53,675,000 after purchasing an additional 386,558 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its stake in shares of Bright Horizons Family Solutions by 1,638.6% in the third quarter. Voloridge Investment Management LLC now owns 395,272 shares of the company’s stock worth $42,915,000 after purchasing an additional 372,537 shares in the last quarter.

Bright Horizons Family Solutions Company Profile

Bright Horizons Family Solutions, Inc (NYSE: BFAM) is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.