Bright Horizons Family Solutions (NYSE:BFAM) Given "Hold (C+)" Rating at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "Hold (C+)" rating for Bright Horizons Family Solutions (NYSE:BFAM), indicating a neutral outlook on the stock.
• Bright Horizons recently reported Q2 earnings of $1.07 per share, exceeding expectations, with a year-over-year revenue increase of 9.2%.
• Several brokerages, including Jefferies Financial Group and Morgan Stanley, have recently downgraded their ratings and price targets for BFAM, reflecting a cautious sentiment among analysts.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other brokerages also recently weighed in on BFAM. Jefferies Financial Group downgraded shares of Bright Horizons Family Solutions from a "buy" rating to a "hold" rating and cut their target price for the stock from $146.00 to $135.00 in a research note on Monday, June 23rd. Morgan Stanley lowered their price objective on Bright Horizons Family Solutions from $106.00 to $100.00 and set an "underweight" rating for the company in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $134.57.

Bright Horizons Family Solutions Trading Down 0.8%

Shares of NYSE:BFAM traded down $0.80 during mid-day trading on Wednesday, reaching $98.79. 604,333 shares of the company were exchanged, compared to its average volume of 516,188. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 32.39 and a beta of 1.33. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.56 and a quick ratio of 0.56. Bright Horizons Family Solutions has a 1 year low of $98.04 and a 1 year high of $138.10. The firm's 50-day simple moving average is $114.74 and its 200 day simple moving average is $118.98.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.00 by $0.07. Bright Horizons Family Solutions had a return on equity of 15.12% and a net margin of 6.34%.The business had revenue of $731.57 million during the quarter, compared to analyst estimates of $724.32 million. During the same period last year, the business posted $0.88 earnings per share. The company's quarterly revenue was up 9.2% on a year-over-year basis. Bright Horizons Family Solutions has set its FY 2025 guidance at 4.150-4.250 EPS. Equities research analysts forecast that Bright Horizons Family Solutions will post 3.61 EPS for the current year.

Insider Buying and Selling at Bright Horizons Family Solutions

In other Bright Horizons Family Solutions news, COO Mary Lou Burke sold 1,000 shares of the 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 completion of the sale, the chief operating officer directly owned 26,449 shares of the company's stock, valued at approximately $2,870,245.48. This trade represents a 3.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Ann Tocio sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $120.10, for a total value of $360,300.00. Following the completion of the transaction, the director directly owned 18,233 shares in the company, valued at approximately $2,189,783.30. The trade was a 14.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,000 shares of company stock worth $597,810 over the last three months. 1.21% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bright Horizons Family Solutions

Hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Bright Horizons Family Solutions by 21.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,453 shares of the company's stock valued at $715,000 after buying an additional 1,141 shares in the last quarter. Park Avenue Securities LLC raised its stake in Bright Horizons Family Solutions by 22.8% in the 1st quarter. Park Avenue Securities LLC now owns 4,765 shares of the company's stock valued at $605,000 after purchasing an additional 884 shares during the last quarter. Pallas Capital Advisors LLC purchased a new position in shares of Bright Horizons Family Solutions during the first quarter valued at approximately $852,000. GAMMA Investing LLC grew its stake in Bright Horizons Family Solutions by 72.7% in the 1st quarter. GAMMA Investing LLC now owns 475 shares of the company's stock worth $60,000 after acquiring an additional 200 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Bright Horizons Family Solutions by 355.6% in the 1st quarter. SG Americas Securities LLC now owns 11,139 shares of the company's stock valued at $1,415,000 after acquiring an additional 8,694 shares during the last quarter.

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.

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