Freshpet Inc. (NASDAQ:FRPT) dropped 5.4% during trading on Monday . The stock traded as low as $9.45 and last traded at $9.48, with a volume of 158,093 shares. The stock had previously closed at $10.02.

FRPT has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Freshpet from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a research note on Thursday, April 21st. Credit Suisse Group AG reissued a “hold” rating on shares of Freshpet in a research note on Monday, April 11th. Robert W. Baird reissued a “buy” rating on shares of Freshpet in a research note on Monday, May 16th. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $10.00 price objective (up previously from $9.00) on shares of Freshpet in a research note on Friday, July 15th. Finally, TheStreet raised shares of Freshpet from a “sell” rating to a “hold” rating in a research note on Monday, June 20th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $10.78.

The company’s market cap is $295.10 million. The firm’s 50-day moving average price is $9.71 and its 200 day moving average price is $8.07.

Freshpet (NASDAQ:FRPT) last released its earnings results on Wednesday, May 4th. The company reported ($0.05) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.05). The firm earned $31.50 million during the quarter, compared to the consensus estimate of $31.48 million. During the same quarter in the previous year, the firm earned ($0.08) EPS. The business’s quarterly revenue was up 16.2% compared to the same quarter last year. On average, equities research analysts expect that Freshpet Inc. will post ($0.02) EPS for the current year.

In other Freshpet news, VP Mary Kathryn Winstanley sold 7,171 shares of the business’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $9.86, for a total value of $70,706.06. Following the completion of the sale, the vice president now owns 23,655 shares in the company, valued at $233,238.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stephen Macchiaverna sold 3,600 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $9.14, for a total value of $32,904.00. Following the completion of the sale, the vice president now owns 76,538 shares of the company’s stock, valued at approximately $699,557.32. The disclosure for this sale can be found here.

Other hedge funds recently made changes to their positions in the company. Morgan Stanley increased its stake in shares of Freshpet by 398.7% in the fourth quarter. Morgan Stanley now owns 201,397 shares of the company’s stock valued at $1,710,000 after buying an additional 161,012 shares during the last quarter. Boston Partners bought a new stake in shares of Freshpet during the fourth quarter valued at $3,144,000. Finally, Russell Frank Co bought a new stake in shares of Freshpet during the fourth quarter valued at $1,536,000.

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 offers products consisting of dog food, cat food, and dog and cat treats.

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