Shares of Freshpet Inc (NASDAQ:FRPT) have received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $18.70.
FRPT has been the topic of several research analyst reports. Credit Suisse Group upped their price target on shares of Freshpet from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, November 7th. Zacks Investment Research cut shares of Freshpet from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Oppenheimer reaffirmed a “hold” rating on shares of Freshpet in a report on Friday, December 1st. TheStreet raised shares of Freshpet from a “d+” rating to a “c-” rating in a report on Thursday, November 30th. Finally, BidaskClub cut Freshpet from a “buy” rating to a “hold” rating in a research note on Friday, December 15th.
In related news, CFO Richard A. Kassar sold 10,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $18.93, for a total value of $189,300.00. Following the transaction, the chief financial officer now owns 209,994 shares of the company’s stock, valued at $3,975,186.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Scott James Morris sold 2,500 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $18.71, for a total value of $46,775.00. The disclosure for this sale can be found here. 6.80% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. increased its stake in Freshpet by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 68,936 shares of the company’s stock valued at $1,145,000 after acquiring an additional 380 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Freshpet by 5.9% in the second quarter. The Manufacturers Life Insurance Company now owns 20,598 shares of the company’s stock valued at $343,000 after acquiring an additional 1,144 shares during the last quarter. Brighton Jones LLC increased its stake in Freshpet by 31.9% in the fourth quarter. Brighton Jones LLC now owns 19,526 shares of the company’s stock valued at $370,000 after acquiring an additional 4,723 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in Freshpet by 10.3% during the second quarter. TIAA CREF Investment Management LLC now owns 83,853 shares of the company’s stock valued at $1,392,000 after buying an additional 7,839 shares during the period. Finally, Teachers Advisors LLC boosted its position in Freshpet by 21.3% during the second quarter. Teachers Advisors LLC now owns 44,712 shares of the company’s stock valued at $742,000 after buying an additional 7,855 shares during the period. 75.67% of the stock is currently owned by institutional investors and hedge funds.
Freshpet (NASDAQ FRPT) opened at $19.00 on Tuesday. The firm has a market cap of $662.36, a price-to-earnings ratio of -135.70 and a beta of 1.77. Freshpet has a 1-year low of $9.25 and a 1-year high of $20.50.
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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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