Jefferies analyst Mark Wiltamuth says Kroger's (KR) acquisition of Roundy's (RNDY) reaffirms his view that The Fresh Market (TFM) is undervalued. Fresh Market shares trade at 6 times EV/EBITDA, below the 6.9 times EV/EBITDA paid by Kroger for Roundy's, and the company has a "superior" margin, free cash flow and growth profile, Wiltamuth tells investors in a research note. With a new CEO exploring strategic options, either a "buyout or a new turnaround effort are brewing" for Fresh Market, the analyst contends. He keeps a Buy rating on the stock with a $29 price target.

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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here