Freshpet Inc. (FRPT) Trading 24.6% Higher
Freshpet Inc. (NASDAQ:FRPT)’s share price traded up 24.6% during mid-day trading on Friday . The stock traded as high as $11.81 and last traded at $10.29, with a volume of 1,025,449 shares trading hands. The stock had previously closed at $8.26.
Several equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Freshpet from a “buy” rating to a “hold” rating in a research note on Monday, April 25th. Robert W. Baird restated a “buy” rating on shares of Freshpet in a research note on Monday, May 16th. Wedbush restated an “outperform” rating and set a $10.00 target price on shares of Freshpet in a research note on Friday. Credit Suisse Group AG restated a “hold” rating on shares of Freshpet in a research note on Monday, April 11th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and set a $10.00 target price (up previously from $9.00) on shares of Freshpet in a research note on Friday, July 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $10.78.
The stock’s market capitalization is $337.08 million. The stock has a 50 day moving average of $9.55 and a 200-day moving average of $8.15.
Freshpet (NASDAQ:FRPT) last posted its earnings results on Thursday, August 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.07. The business earned $33 million during the quarter, compared to the consensus estimate of $32.92 million. Freshpet’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.07) EPS. On average, equities research analysts predict that Freshpet Inc. will post ($0.07) earnings per share for the current fiscal year.
In other Freshpet news, VP Mary Kathryn Winstanley sold 7,171 shares of Freshpet stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $9.86, for a total value of $70,706.06. Following the transaction, the vice president now owns 23,655 shares in the company, valued at $233,238.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stephen Macchiaverna sold 3,600 shares of Freshpet stock in a transaction dated 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 transaction, the vice president now owns 76,538 shares in the company, valued at approximately $699,557.32. The disclosure for this sale can be found here.
A number of institutional investors recently bought and sold shares of FRPT. Boston Partners bought a new position in Freshpet during the fourth quarter valued at about $3,144,000. Russell Frank Co bought a new position in Freshpet during the fourth quarter valued at about $1,536,000. Finally, Broadview Advisors LLC raised its position in Freshpet by 1.9% in the fourth quarter. Broadview Advisors LLC now owns 339,028 shares of the company’s stock valued at $2,878,000 after buying an additional 6,450 shares during the period.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.