Bright Horizons Family Solutions (NYSE:BFAM) Downgraded to “Hold” Rating by 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 note released on Sunday.

A number of other equities analysts have also recently issued reports on BFAM. Morgan Stanley decreased 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 report on Friday, October 24th. The Goldman Sachs Group cut their target price on Bright Horizons Family Solutions from $146.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Robert W. Baird set a $136.00 price target on Bright Horizons Family Solutions in a research report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Bright Horizons Family Solutions in a report on Monday, November 24th. Finally, UBS Group lifted their price objective on 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. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $128.71.

Bright Horizons Family Solutions Stock Performance

Shares of BFAM stock opened at $102.76 on Friday. The company has a market capitalization of $5.81 billion, a P/E ratio of 33.69 and a beta of 1.36. Bright Horizons Family Solutions has a fifty-two week low of $91.49 and a fifty-two week high of $132.99. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a 50 day moving average price of $101.53 and a two-hundred day moving average price of $113.34.

Bright Horizons Family Solutions (NYSE:BFAM) last issued its earnings results on Thursday, October 30th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.32 by $0.25. Bright Horizons Family Solutions had a net margin of 6.34% and a return on equity of 15.12%. The company had revenue of $802.81 million for the quarter, compared to the consensus estimate of $781.16 million. During the same period in the previous year, the firm earned $1.11 earnings per share. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.480-4.530 EPS. Analysts expect that Bright Horizons Family Solutions will post 3.61 earnings per share for the current year.

Insiders Place Their Bets

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $108.52, for a total transaction of $108,520.00. Following the transaction, the chief operating officer owned 26,449 shares in the company, valued at approximately $2,870,245.48. This represents a 3.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.21% of the company’s stock.

Institutional Investors Weigh In On Bright Horizons Family Solutions

Several hedge funds have recently made changes to their positions in the company. LPL Financial LLC increased its holdings in Bright Horizons Family Solutions by 16.8% in the 1st quarter. LPL Financial LLC now owns 46,787 shares of the company’s stock worth $5,944,000 after buying an additional 6,719 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Bright Horizons Family Solutions by 11.0% during the 1st quarter. Royal Bank of Canada now owns 187,806 shares of the company’s stock valued at $23,859,000 after acquiring an additional 18,630 shares during the last quarter. Natural Investments LLC boosted its holdings in shares of Bright Horizons Family Solutions by 18.2% during the 1st quarter. Natural Investments LLC now owns 21,386 shares of the company’s stock valued at $2,716,000 after acquiring an additional 3,290 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of Bright Horizons Family Solutions by 8,650.8% in the first quarter. MetLife Investment Management LLC now owns 121,811 shares of the company’s stock worth $15,475,000 after acquiring an additional 120,419 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Bright Horizons Family Solutions by 4.1% in the first quarter. Northern Trust Corp now owns 327,078 shares of the company’s stock worth $41,552,000 after acquiring an additional 13,008 shares during the period.

About Bright Horizons Family Solutions

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.