Longbow Resumes Coverage On Specialty Food Names, Organic Grocers

Analysts at Longbow resumed coverage on the Specialty Food, Grocery and Supplement Retailer space on Monday following suspension of the group in early November.

The analysts favor Hain Celestial Group Inc (NASDAQ: HAIN) as shares are Buy rated with a $131 price target.

The analysts are sitting on the sidelines on Keurig Green Mountain Inc (NASDAQ: GMCR) and Monster Beverage Corp (NASDAQ: MNST) with Neutral ratings on each name with no assigned price target.

Finally, the analysts are recommending investors avoid Organic Grocers. Shares of The Fresh Market Inc (NYSE: TFM) and Whole Foods Market, Inc. (NYSE: WFM) were both slapped with Underperform ratings with price targets of $30 and $37, respectively.

Investor reaction towards Longbow's ratings appear to be mixed.

Shares of Buy-rated Hain Celestial were trading lower by around 0.50 percent Monday morning.

Shares of Neutral-rated Keurig Green Mountain and Monster Beverage were trading lower on Monday morning by approximately 0.90 percent and 0.42 percent, respectively.

Shares of Underperform-rated The Fresh Market and Whole Foods were also trading lower Monday morning by around 0.60 percent and 0.90 percent, respectively.

At the same time, shares of grocer The Kroger Co. (NYSE: KR) were trading higher by around 0.30 percent.