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  "documentTitle": "Floor & Decor Holdings, Inc. (FND)",
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  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2024-07-01 00:00:00",
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      "text": "Investors shouldn't just listen to Spruce Point in our belief that FND's share price is overvalued. A majority of sell-side promoters have a neutral/hold/market perform rating and are waiting to see improvement in the business and believe FND's issues are temporary.",
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      "text": "Price Target: $108.95",
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      "text": "Investors shouldn't just listen to Spruce Point in our belief that FND's share price is overvalued. A majority of sell-side promoters have a neutral/hold/market perform rating and are waiting to see improvement in the business and believe FND's issues are temporary. We believe they not only fail to consider that FND's challenges are structural, but also fail to conduct a rigorous forensic review of FND and give limited consideration to diminishing financial disclosures and sales reporting anomalies which should raise skepticism about earnings quality.",
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      "text": "Source: Bloomberg and Spruce Point analysis",
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