Shares of Freshpet Inc (NASDAQ:FRPT) have been given an average recommendation of “Hold” by the nine analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $42.33.
FRPT has been the subject of several research analyst reports. Zacks Investment Research cut shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub upgraded shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. SunTrust Banks cut shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $43.00 to $39.05 in a research note on Tuesday, June 18th. TheStreet cut shares of Whitestone REIT from a “b-” rating to a “c+” rating in a research note on Monday, April 1st. Finally, DA Davidson initiated coverage on shares of Nomad Foods in a research note on Wednesday, June 19th. They issued a “buy” rating and a $26.00 price objective for the company.
In other news, CFO Richard A. Kassar sold 15,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $47.75, for a total value of $716,250.00. Following the sale, the chief financial officer now owns 164,994 shares of the company’s stock, valued at approximately $7,878,463.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Stephen Weise sold 5,000 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $47.50, for a total transaction of $237,500.00. Following the completion of the sale, the executive vice president now directly owns 5,000 shares in the company, valued at approximately $237,500. The disclosure for this sale can be found here. In the last ninety days, insiders sold 174,104 shares of company stock worth $8,335,030. 5.10% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Stephens Inc. AR grew its holdings in Freshpet by 14.2% during the 4th quarter. Stephens Inc. AR now owns 7,531 shares of the company’s stock worth $242,000 after acquiring an additional 938 shares during the last quarter. Legal & General Group Plc grew its holdings in Freshpet by 28.2% during the 4th quarter. Legal & General Group Plc now owns 5,209 shares of the company’s stock worth $167,000 after acquiring an additional 1,146 shares during the last quarter. Northern Trust Corp grew its holdings in Freshpet by 0.4% during the 4th quarter. Northern Trust Corp now owns 421,106 shares of the company’s stock worth $13,542,000 after acquiring an additional 1,862 shares during the last quarter. Great West Life Assurance Co. Can bought a new stake in Freshpet during the 4th quarter worth about $58,000. Finally, State Board of Administration of Florida Retirement System grew its holdings in Freshpet by 20.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 13,147 shares of the company’s stock worth $556,000 after acquiring an additional 2,273 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.
Shares of Freshpet stock traded down $0.38 on Friday, reaching $45.51. The stock had a trading volume of 326,381 shares, compared to its average volume of 299,761. The business has a 50-day moving average price of $46.71. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.07. Freshpet has a fifty-two week low of $25.81 and a fifty-two week high of $51.85. The company has a market capitalization of $1.68 billion, a PE ratio of -303.40 and a beta of 1.11.
Freshpet (NASDAQ:FRPT) last released its earnings results on Monday, May 6th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). The company had revenue of $54.80 million for the quarter, compared to analyst estimates of $54.28 million. Freshpet had a negative net margin of 2.57% and a negative return on equity of 4.46%. Freshpet’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.10) earnings per share. On average, sell-side analysts forecast that Freshpet will post 0.06 earnings per share for the current year.
Freshpet, Inc manufactures and markets natural fresh products, refrigerated meals, and treats for dogs and cats in the United States, Canada, and the United Kingdom. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.
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