BidaskClub cut shares of Freshpet (NASDAQ:FRPT) from a hold rating to a sell rating in a report issued on Tuesday, January 9th.
Several other equities analysts also recently commented on the company. Oppenheimer reaffirmed a hold rating on shares of Freshpet in a research report on Friday, December 1st. TheStreet raised Freshpet from a d+ rating to a c- rating in a research report on Thursday, November 30th. Robert W. Baird set a $20.00 price objective on Freshpet and gave the company a buy rating in a research report on Sunday, October 15th. Stifel Nicolaus reaffirmed a buy rating on shares of Freshpet in a research report on Friday, December 15th. Finally, Credit Suisse Group increased their price target on Freshpet from $15.00 to $17.00 and gave the company a neutral rating in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Freshpet currently has an average rating of Hold and a consensus target price of $19.07.
Freshpet (NASDAQ:FRPT) opened at $18.15 on Tuesday. Freshpet has a 52 week low of $9.25 and a 52 week high of $20.50.
Freshpet (NASDAQ:FRPT) last posted its quarterly earnings results on Monday, November 6th. The company reported ($0.01) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). The business had revenue of $41.20 million during the quarter, compared to the consensus estimate of $41.19 million. Freshpet had a negative return on equity of 4.19% and a negative net margin of 3.04%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.02 EPS. equities analysts expect that Freshpet will post -0.11 EPS for the current year.
In other Freshpet news, CFO Richard A. Kassar sold 15,125 shares of Freshpet stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $17.92, for a total value of $271,040.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Richard A. Kassar sold 10,000 shares of Freshpet stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $18.93, for a total value of $189,300.00. Following the completion of the sale, the chief financial officer now owns 209,994 shares in the company, valued at approximately $3,975,186.42. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,218 shares of company stock worth $1,211,499. 6.80% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the stock. Voya Investment Management LLC acquired a new position in Freshpet during the 2nd quarter worth $188,000. Brighton Jones LLC acquired a new position in Freshpet during the 3rd quarter worth $232,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Freshpet during the 2nd quarter worth about $252,000. Citadel Advisors LLC boosted its position in shares of Freshpet by 4.0% during the 2nd quarter. Citadel Advisors LLC now owns 19,358 shares of the company’s stock worth $321,000 after acquiring an additional 750 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Freshpet by 5.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,598 shares of the company’s stock worth $343,000 after acquiring an additional 1,144 shares in the last quarter. Hedge funds and other institutional investors own 69.61% of the company’s stock.
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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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