Bright Horizons Family Solutions Inc. (NYSE:BFAM) has received a consensus rating of “Moderate Buy” from nine research firms currently analyzing the stock. According to MarketBeat, the average price target among these brokerages is set at approximately $128.71 for the next year. This assessment includes a mix of ratings: one analyst has issued a sell rating, three have rated it as a hold, four as a buy, and one as a strong buy.
Several notable adjustments have been made to price targets recently. On October 24, Morgan Stanley lowered its target for Bright Horizons from $104.00 to $96.00, assigning an “underweight” rating. In contrast, JPMorgan Chase & Co. raised its target from $156.00 to $160.00 with an “overweight” rating. Additionally, UBS Group increased its target from $112.00 to $120.00, providing a “neutral” rating.
Quarterly Earnings Performance
Bright Horizons Family Solutions reported its latest quarterly earnings on October 30, 2023. The company announced earnings per share (EPS) of $1.57, surpassing analysts’ expectations of $1.32 by $0.25. The revenue for the quarter reached $802.81 million, exceeding the consensus estimate of $781.16 million. This marks an impressive year-over-year revenue increase of 11.6%, compared to $1.11 EPS during the same quarter last year. For the financial year 2025, the company has projected an EPS in the range of $4.480 to $4.530. Analysts now forecast an EPS of $3.61 for the current year.
Insider Transactions and Institutional Holdings
Recent insider transactions indicate a shift in ownership stakes. On October 1, Chief Operating Officer Mary Lou Burke sold 1,000 shares at an average price of $108.52, totaling $108,520. Following this transaction, Burke holds 26,449 shares valued at approximately $2.87 million, reflecting a 3.64% decrease in ownership.
Additionally, Director Mary Ann Tocio sold 3,000 shares on August 5 at an average price of $120.10, amounting to $360,300. This sale reduced Tocio’s holdings to 18,233 shares, valued at around $2.19 million, a decrease of 14.13% in her position. Currently, insiders hold 1.21% of the company’s stock.
Several institutional investors also adjusted their positions in Bright Horizons. GAMMA Investing LLC increased its stake by 72.7% during the first quarter, now owning 475 shares worth $60,000. Other notable transactions include DAVENPORT & Co LLC increasing its stake by 20.1% and acquiring 2,351 shares, valued at $299,000. First Bank & Trust and OneDigital Investment Advisors LLC also made new acquisitions, further demonstrating growing institutional interest in Bright Horizons Family Solutions.
Bright Horizons Family Solutions provides early education, childcare, backup care, and educational advisory services across various countries, including the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates through three main segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.
