Headlines about Freshpet (NASDAQ:FRPT) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Freshpet earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.3843621861019 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of research firms have issued reports on FRPT. Zacks Investment Research downgraded shares of Freshpet from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. SunTrust Banks, Inc. boosted their price objective on shares of Freshpet from $15.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. Stifel Nicolaus reissued a “buy” rating and issued a $20.00 price objective (up previously from $14.00) on shares of Freshpet in a report on Thursday, July 20th. Imperial Capital began coverage on shares of Freshpet in a report on Thursday, July 20th. They issued an “in-line” rating and a $16.50 price objective for the company. They noted that the move was a valuation call. Finally, BidaskClub downgraded shares of Freshpet from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $18.07.
Shares of Freshpet (FRPT) traded down 0.62% during trading on Friday, hitting $16.05. 173,751 shares of the stock traded hands. The stock has a 50-day moving average of $15.64 and a 200 day moving average of $15.19. The company’s market cap is $510.39 million. Freshpet has a 1-year low of $7.60 and a 1-year high of $18.25.
Freshpet (NASDAQ:FRPT) last issued its earnings results on Monday, August 7th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). Freshpet had a negative return on equity of 9.93% and a negative net margin of 6.64%. The business had revenue of $39.97 million for the quarter, compared to the consensus estimate of $38.09 million. During the same quarter in the prior year, the business earned ($0.10) EPS. Freshpet’s revenue for the quarter was up 21.1% compared to the same quarter last year. On average, equities research analysts predict that Freshpet will post ($0.09) EPS for the current fiscal year.
In other news, insider Scott James Morris sold 2,101 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $15.80, for a total value of $33,195.80. Following the completion of the transaction, the insider now directly owns 204,408 shares in the company, valued at $3,229,646.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stephen Macchiaverna sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $15.81, for a total transaction of $94,860.00. Following the completion of the transaction, the vice president now owns 78,938 shares of the company’s stock, valued at $1,248,009.78. The disclosure for this sale can be found here. Insiders sold 40,954 shares of company stock valued at $653,704 over the last 90 days. 6.80% of the stock is owned by company insiders.
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Freshpet Company Profile
Freshpet, Inc is a manufacturer of fresh, refrigerated pet food distributed across North America. The Company operates in the segment of manufacturing, marketing and distribution of pet food and pet treats for dogs and cats. The Company’s products consist of dog food, cat food, and dog and cat treats.
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