Freshpet Inc. (FRPT) Sees Unusually-High Trading Volume
Shares of Freshpet Inc. (NASDAQ:FRPT) saw an uptick in trading volume on Monday . 378,558 shares changed hands during trading, an increase of 51% from the previous session’s volume of 250,833 shares.The stock last traded at $10.59 and had previously closed at $10.59.
Several research firms recently commented on FRPT. Wedbush lowered shares of Freshpet from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $10.00 to $11.00 in a research note on Monday. Zacks Investment Research raised shares of Freshpet from a “strong sell” rating to a “hold” rating in a research note on Monday, August 8th. Robert W. Baird reissued a “buy” rating on shares of Freshpet in a research note on Monday, May 16th. Stephens raised shares of Freshpet from an “equal weight” rating to an “overweight” rating in a report on Friday, August 5th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $10.00 target price (up from $9.00) on shares of Freshpet in a report on Friday, July 15th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Freshpet presently has a consensus rating of “Hold” and an average target price of $10.56.
The company’s market capitalization is $334.85 million. The firm’s 50-day moving average is $9.77 and its 200-day moving average is $8.35.
Freshpet (NASDAQ:FRPT) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.07. During the same quarter in the previous year, the company earned ($0.07) earnings per share. The company had revenue of $33 million for the quarter, compared to the consensus estimate of $32.92 million. Freshpet’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equities analysts anticipate that Freshpet Inc. will post ($0.11) EPS for the current fiscal year.
In other Freshpet news, VP Mary Kathryn Winstanley sold 7,171 shares of the stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $9.86, for a total transaction of $70,706.06. Following the transaction, the vice president now directly owns 23,655 shares in the company, valued at approximately $233,238.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stephen Macchiaverna sold 10,052 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $10.76, for a total transaction of $108,159.52. Following the transaction, the vice president now owns 77,938 shares in the company, valued at $838,612.88. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Freshpet stock. Broadview Advisors LLC raised its stake in Freshpet Inc. (NASDAQ:FRPT) by 1.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 339,028 shares of the company’s stock after buying an additional 6,450 shares during the period. Broadview Advisors LLC owned approximately 1.07% of Freshpet worth $2,878,000 as of its most recent filing with the SEC.
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.